Montreal Exchange: New life for Eastmain
New life has been breathed into the Eastmain gold project in northwestern Quebec near James Bay. Property owner MSV Resources has struck a joint venture deal, subject to regulatory approval, with Mest…
News
Sphinx loses listing on ME
The Montreal Exchange said it recently delisted shares of Societe Miniere Sphinx (VSE) because of a change in the nature of the company’s business operations. Listed as a mining company on the ME sinc…
Pacific Sentinel reports assays from Golden West
Assay results were released by Pacific Sentinel Gold (VSE) from 21 reverse circulation holes drilled as part of an ongoing 35-hole program on the Golden West property in Arizona. The first-drill progr…
That first car drove me to the graveyard
I’m not driving any BMW as yet. But my present car, whcih boasts full-time 4-wheel drive with height control, is certainly a quantum leap above my first one, to which I became quite attached. This was…
Canyon, Phelps Dodge buy Montana gold properties
Colorado-based Canyon Resources (NASDAQ) and a unit of Phelps Dodge (NYSE) have jointly purchased a number of Montana gold properties from Western Energy, a subsidiary of Montana Power. The propetry p…
Junior stocks ignored, investors buy blue chips
Prodded by softening interest rates and expectations of a mid-year end to the recession, the bulls went on a 2-week walkabout that sent trading volumes soaring to levels not seen since the summer of 1…
Strong minerals division fails to halt Noranda loss
Sky high interest rates and a downturn in the Canadian forest industry were reflected in the 1990 financial results reported recently by Toronto-based Noranda(TSE). Largely because of poor markets for…
Teck’s earnings decline despite boost Hemlo interests
As expected Teck (TSE) reported a healthy boost in operating profit for 1990 from its 50% interests in the David Bell and Williams gold mines at Helmo, Ont. Gold production from the Hemlo mines totall…
Cameco increases earnings in 1990
Earnings of $34.1 million in 1990, up by 45% from the previous year, were recorded by Cameco, the government-owned uranium and gold producer based in Saskatoon, Sask. Net earnings of $91.6 million, en…
No Headline (February 18, 1991)
Davidson Tisdale mines (TSE) recently finalized the purchase of a 48% interest in Aurora Steel Services of Aurora, Ont., which produces fabricated structural stell for the industrial, commercial and r…
Viceroy sells 25% of project to raise funds for startup
VANCOUVER The sale of a 25% interest in the Castle Mountain project in San Bernardino Cty., Calif., for US$17.5 million lifts the final financing hurdle for owner Viceroy Resources (TSE), and clears t…
Westpine releases reserve estimate
A preliminary mineral inventory calculation was released by Westpine Minerals (VSE) for the Lower North zone of the Empress showing on the Taseko copper-gold property, 140 miles north of Vancouver, B….