News In Brief Carnes Creek Exploration
Carnes Creek Expl. Ltd. has changed its name to Marathon Telecom Corp. with a consolidation of capital on a 1-new-for-3-old-share basis. The transfer agent is Montreal Trust.
News
Akiko-Lori drops bid for Bradner
Rather than pursue a hostil takeover, Akiko-Lori Gold Resources (VSE) has agreed to withdraw its recent offer to acquire Bradner Resources (VSE). Bradner’s board of directors refected Akiko-Lori’s pro…
IOCC GOLD OPTIONS (February 25, 1991)
Options Open Series Volume Last Interest May 370 C 26 11.00 10 May 380 C 290 6.00 48 May 400 C 123 3.10 95 May 410 C 58 2.30 67 May 440 C 50 1.00 73 May 450 C 18 0.80 50 Aug. 380 C 25 14.00 76 Aug. 44…
Low prices, sales hit Potash profits
Lower North American sales volumes and soft potash prices resulted in a significant drop in annual earnings reported by Saskatchewan2Dbased producer Potash Corp. of Canada (TSE). Potash Corp., which p…
Cominco’s earnings fall sharply
A substantial drop in 1990 earnings was reported by Cominco (TSE) largely because of lower zinc and lead production at its smelter in Trail B.C., exhaustion of the Pine Point concentrate stockpile, lo…
Noranda increases reserves at New World gold project
After incorporating all the data from the 1990 field season, a unit of Noranda (TSE) has released final preliminary reserve figures for the New World gold-silver-copper project near Cooke City, Mont. …
Parklake purchase
Junior Parklake resources (TSE) reported an agreement to purchase, through a 70% owned subsidiary, most of the assets of the Steak Shop, a franchise chain of frozen bulk- packaged quality meats, poult…
Financing falls through despite boost in reserves
A financing package arranged by Central Crude (TSE) for the Moss Lake and Eagle River gold projects has fallen through, even as recent calculations show an increase in reserves at Eagle River. Citing …
Quote, Watson plan to capitalize on large magnesium-rich stock
A large ultrabasic intrusive in Riggs Twp., near Wawa, Ont., is the focus of an intriguing industrial mineals play managed by Quote Resources (VSE) and Watson Lake Mines (ASE). The equal partners (T.N…
Silverside acquires Tully Twp. property
Silverside Resources (TSE) has received the second $346,987 instalment of the price that Deak Resources (TSE) agreed to pay for Silverside’s 87.5% stake in the Garrison gold project near Kirkland Lake…
RTZ to close UK tin smelter
London-based RTZ (NYSE) is closing its wholly owned Capper Pass tin smelter at Ferriby, North Humberside, England, because of deteriorating commercial conditions. The controlled closure is expected to…
Barrick’s Munk exercises option
American Barrick Resources'(TSE) flamboyant Chairman Peter Munk recently showed his colleagues just why he is regarded as the golden boy of the Canadian mining industry. As revealed by the Ontario Sec…