Interest payments hit Cameco profits
Interest payments on longterm debt resulted in a $33-million drop in earnings reported by uranium producer Cameco in Saskatoon, Sask. The company said its 1989 earnings declined to $23.5 million from …
News
Cominco to start $1.6 million program for Tulsequah Chief
Project operator Cominco (TSE) is gearing up for the start of its 1990 work program on the Tulsequah Chief volcanogenic massive sulphide project in northwestern British Columbia. A budget of $1.6 mill…
Juniors, seniors form exploration ventures
Relations between junior and senior mining companies in Ontario couldn’t be better this year, as demonstrated by the number of exploration joint ventures under way on dozens of properties across the p…
Hole on Fontana property cuts 45 ft. grading 0.48 oz. gold
A drill hole on the Fontana property in Duverny Twp., about 50 km northwest of Val d’Or, Que., has returned significant gold values in the vicinity of the Hooper- Bunkhouse vein junction. The property…
Parquet, Cache busy in Courville Twp.
Recent drilling by Cache Resources (ME) on Parquet Resources’ (ME) Courville Twp. property, 19 miles northeast of Val d’Or, Que., has confirmed the presence of significant gold values in a previously …
Saskatchewan, exploration and development highlights
Year-end estimated exploration and predevelopment expenditures in northern Saskatchewan in 1989 were $71 million, compared with $105 million in 1988. While expenditures on uranium rose, those on gold …
Societe Miniere Louvem declares dividend
Societe Miniere Louvem (TSE) says that under an arrangement approved before Christmas, it will pay out a 0.935 cents dividend to preferred shareholders of record on Feb. 26. The arrangement between ma…
Flexibility key to Placer Dome exploration strategy
In terms of gold production, Placer Dome (TSE) surpassed the 1-millionth-oz. level for the first time ever in 1989. While that’s good news for shareholders, it also means the company has to replace th…
Obituary J.G. `Jim’ Powley
J.G.”Jim” Powley, vice-president of Midland Capital Corp. and a broker well known in Toronto’s mining circles, died suddenly March 4. He had just turned 50. Powley, a professional accountant who becam…
News in Brief (March 12, 1990)
Valentine Gold Corp. has changed its name to Point Resources Ltd. (PTZ:VSE) on a 1-new-for-10-old-share basis. Transfer agent is Central Guaranty Trust Co. NA6…
Vancouver Stock Exchange Stikine spurs activities
The continued slide in the price of gold has not deterred Vancouver players from taking part in a shopping spree this past week. Although gold fell about US$4 to the US$404-level, the Vancouver Stock …
Gold investors keeping a close eye on unfolding events in South
Having sat in numerous South African cricket grounds (nearby if not actually next to blacks) for the privilege of watching the West Indies Geriatric XI, the Sri Lankan third XI or the English Getting …