Quarterly profits dive at Inco Indonesia
Third quarter earnings at P.T. Inco, Inco’s (TSE) Indonesian arm, dropped by 65% this year, mainly due to lower deliveries of nickel in matte compared with the third quarter of 1989. Quarterly net inc…
1990
Mattawasaga drilling of interest to Lenora
Drilling by American Barrick Resources (TSE) on its Mattawasaga property (T.N.M., Oct. 15/90) in northeastern Ontario has property neighbor Greater Lenora Resources (TSE) excited. Lenora President Rob…
Adrian drilling Pumphouse Lake zone
Recent drilling by Adrian Resources (VSE) on the Ski property in the Eskay Creek area of northern British Columbia is showing some potential for an expansion of existing reserves within the TOK claim …
Athabaska to purchase Chevron’s interest in Nicholas Lake project
Based on the results of a recently completed prefeasibility study at the Nicholas Lake gold project north of Yellowknife, N.W.T., Athabaska Gold Resources (TSE) plans to buy Chevron Minerals’ 40% stak…
INCO earmarks $287 million for Thompson development
Three new shafts and three miles of haulage make up the bulk of Inco’s (TSE) recently announced $287-million investment for Thompson, Man. The three shafts, each 3,700 ft. deep, will develop the 1-D o…
Production to expand at Casa Berardi mines
Partners Inco Gold and Golden Knight Resources (TSE) are planning to expand production at the Casa Berardi West mine at the beginning of 1991, although the details of the expansion have yet to be fina…
Oil price spike benefits Denison
Recent increases in oil price brought on by the Persian Gulf crisis helped boost the earnings of Denison Mines (TSE) in the 3- month period ended Sept. 30. The company’s net earnings rose to $7.51 mil…
ASE juniors sign Nevada option
Although best known for holdings in northwestern British Columbia, Integrated Resources (ASE) and Capra Minerals (ASE) recently announced plans to acquire a 45% interest each in a Nevada gold project….
Redstone closes deal on uranium deposit, buys platinum lease
Toronto-based Redstone Resources (TSE) has purchased a 2% gross royalty in the Midwest uranium deposit from Esso Resources Canada for $3 million. A production decision on the Saskatchewan deposit, whi…
Yukon, NWT to hold geoscience forums
The 18th annual geoscience forum will be held in the Yukon, Nov. 25-28, and in the Northwest Territories, Nov. 27-29. The Yukon forum will include a seminar on acid rock drainage. And the NWT’s techni…
U.S. REPORT Koval farms out Montana prospect
Vancouver-based Barkhor Resources (VSE) will have the option to earn an interest in the Uncle Sam prospect near Sheridan, Mont., following an agreement with Calgary- based Koval Resources (ASE). By sp…
EDITORIAL PAGE Taxed to death
Governments just can’t handle money. The more they get, the more they spend. Politicians just do not have the backbone to say no to any request that carries even the slightest whiff of votes. The resu…