LITERATURE REVIEW — NEWS IN BRIEF
International Pursuit (IPJ-T) has reversed its decision to purchase shares of Western America Resources (WAR-A), after closing conditions for the purchase agreement between the two companies were not …
News
EDITORIAL PAGE — Footprints over Voisey’s Bay
After meeting in Montreal to discuss their overlapping areas of aboriginal use and occupancy, the Labrador Metis Association and the Nunavik Inuit of northern Quebec formed a coalition to “protect the…
LITERATURE REVIEW — Dayton announces debenture
A financing proposal has been accepted by Dayton Mining (DAY-T) whereby the company will issue unsecured convertible debentures in the aggregate amount of US$60 million.This amount can be increased to…
LITERATURE REVIEW — NEWS ROUNDUP — Richmont files issuer bid
In the belief that its shares are undervalued, Richmont Mines (RIC-T) has filed notice that it intends to make a normal course issuer bid to buy its shares on the Montreal and Toronto exchanges.Up to …
LITERATURE REVIEW — Cameco reports record earnings
A general improvement in world uranium markets enabled Cameco (CCO-T) to report record earnings of $138 million last year — a 35% increase from earnings of $102 million reported in 1995.Revenues doub…
LITERATURE REVIEW — NEWS ROUNDUP — Red metal keeps Asarco in black
New York-based Asarco (AR-N) reported net earnings of US$24.3 million for the fourth quarter of 1996, compared with a net loss of US$11.3 in the same period of the previous year.For the full year, the…
LITERATURE REVIEW — Potash Corp. posts sixth straight year of increased profits
Launched as a public company in 1990, Potash Corporation of Saskatchewan (POT-T) last year marked its sixth straight year of improved profits.As the company progressed through the year, each quarter p…
Rea Gold pours gold in Uruguay
Rea Gold (REO-T) is celebrating its first gold pour — ahead of schedule — at the San Gregorio open-pit mine in northern Uruguay.During a 6-day test in early February, the plant operated at 20% above…
Bema funds exploration work at El Callao’s Venezuelan project
El Callao Mining (ECM-V) has completed a $2.5-million private placement with Bema Gold (BGO-T), its largest shareholder.Proceeds will be used to fund exploration of Lo Increible, the company’s 10,000-…
Copper prices rain on Novicourt earnings
Net earnings of $10.2 million were reported by Novicourt (NOV-T) for 1996, compared with $21.5 million in the previous year.Novicourt, 60% of which is held by parent Noranda (NOR-T), says its 1996 res…
LITERATURE REVIEW — NEWS ROUNDUP — Partners test Bylund project
Joint-venture partners Greater Lenora Resources (GEN-T) and Freewest Resources Canada (FWR-T) are carrying out a geophysical program on the Bylund property to help define winter drill targets.The 50-5…
LITERATURE REVIEW — GMD identifies indicator trains
With the processing to date of half of the 1,600 till samples collected from the Royce Group property, 100 km northwest of Yellowknife, N.W.T., GMD Resource (GMD-V) has identified nine separate indica…