Cheni earnings (September 04, 1989)
First-half earnings for Cheni Gold Mines (TSE) were $901,000 or 8 cents per share after extraordinary items. Cash flow during the period was $2.36 million, due largely to Cheni’s Lawyers gold mine in …
News
Alberta Stock Exchange Pezim company moves
As indicated by the trading pattern this week of International Viking Resources, investors have already noted the connection between the Vancouver-based company and the big gold discovery in British C…
PRODUCER PRICES Metal Prices (September 04, 1989)
ALUMINUM: MW U.S. Market US82.00 cents – 84.00 cents per lb. (Aug 24, 1989). ANTIMONY: New York dealer US90 cents -95 cents per lb. (Aug 10, 1989). BISMUTH: New York dealer $4.70-$4.85(US) per lb. (A…
Falconbridge board backing Noranda-Trelleborg offer
The board of directors of Falconbridge Ltd. (TSE) is recommending to shareholders they accept the $37-per-share takeover offer of Noranda Inc. (TSE) and Trelleborg AB of Sweden. The directors previous…
Earnings Report (September 04, 1989)
Echo Bay Mines (TSE) posted a net profit of $7 million(US) or 7 cents per share for the second quarter. In the same period last year net earnings were $12.3 million or 13 cents per share. Revenue for…
Kewagama funding (September 04, 1989)
Kewagama Gold Mines (Quebec) (ME) has entered into a subscription agreement with a private company, 2161-6925 Quebec Inc., whereby the latter will subscribe to 200,000 common shares of Kewagama at 75 …
Ego starts drilling on N.W.T property
The first phase of a 12,000-ft diamond drilling program has started on the BB and Kennedy Lake properties under option to Ego Resources (TSE) and Asquith Resources (COATS), north of Great Slave Lake, …
Copper output losses mounting
Problems at the operations of Bougainville Copper in Papua New Guinea and of Highland Valley Copper in British Columbia are resulting in lost output of about 6,500 tonnes copper per week, Metals and M…
Gold Torch acquires stake in Goldstream
Gold Torch Resources (VSE) has acquired a one-third interest in the Goldstream copper-zinc mine and mill complex located near Revelstoke, B.C. To acquire its interest Gold Torch paid $5 million to Bet…
Rigorous scrutiny ahead for Shoal Lake gold project
Following months of intense political lobbying by concerned citizens groups, Consolidated Professor Mines’ (TSE) Duport gold project at Shoal Lake Ont., has been designated under the Environmental Ass…
Deep drilling to start at Redstone nickel mine (September 04, 1989)
Operators of one of Canada’s smallest nickel mines, 23 km southwest of here, are very optimistic about becoming bigger. They are predicting they should know by November whether or not they have the mi…
South American Gold has Akaiwong results
Toronto-based South American Goldfields (TSE) has released initial deep auger drill results from its Akaiwong property under option to Homestake Exploration in Guyana. The Akaiwong property comprises …