NEWS IN BRIEF (November 15, 1993)
Delmay Mining (DMY:VSE) has changed its name to Delmay Energy (DMY: VSE) on a share-for-share basis.
News
Cominco hampers Teck’s earnings but posts $10-m quarterly
Cominco is raining on Teck’s parade. A $17.2-million equity loss in Cominco (TSE) reduced the 1993 third-quarter earnings of Teck (TSE) to $9.9 million, compared with $13.8 million in 1992. The loss i…
EDITORIAL PAGE — Vive l’exploration!
In 1979, Lac Mineral CEO Peter Allen was asked what he considered the most prospective ground in Canada. Allen’s reply, quoted in Timothy Green’s latest book The World of Gold, was as follows: “If I h…
OBITUARY — James Zimmerman
Well known Canadian geological engineer James Zimmerman died recently. He was 52. After graduating from the University of Toronto in 1962 with a degree in geological engineering, Zimmerman joined Inco…
Sagging nickel markets pummel Inco earnings
A continued deterioration in world nickel markets was a major factor in the third-quarter operating results of the primary metals business of Inco (TSE). The company was hit by rising inventories and …
Denison projects turned down
A joint federal-provincial panel has wagged a prohibitive finger at two Saskatchewan uranium projects involving Denison Mines. The panel, set up to examine the economic and environmental impact of sev…
Greenstone financing Panama gold play
To fund construction at the Santa Rosa gold project in Panama, Greenstone Resources (TSE) has entered an agreement with an underwriting group to raise $13.5-18 million. The group, led by Nesbitt Thoms…
TSE INDICES (November 08, 1993)
— Week — Nov 2 Nov 1 Oct 29 Oct 28 Oct 27 High Low Composite”300*” 4250.31 4248.02 4255.54 4235.24 4197.48 4255.61 4191.24 Metals&Minerals 3066.40 3077.42 3080.71 3070.71 3015.04 3080.71 3001.40 Int…
New Canamin ups Huckleberry reserve
New Canamin Resources (VSE) has revised its reserve estimate for the Huckleberry property, near Kemano, B.C. The drill-indicated and drill-inferred mineral inventory is now pegged at about 69 million …
Inter-rock strikes Daisy gold
Having finished its first phase of drilling at the Daisy property in Nevada’s Beatty Twp., Inter-Rock Gold (ME) describes the results as positive. Thirty reverse-circulation rotary drill holes, totali…
PEOPLE — AMARADO RESOURCES (November 08, 1993)
Andrew Collings appointed director. N5…
NEWS IN BRIEF (November 08, 1993)
Consolidated Top Gun Explorations (CXI:VSE) has changed its name to Sterling Pacific Resources (SRZ:VSE) on a share-for-share basis. Pacific Corporate Trust Co. is the transfer agent.