Cameco earns $52 million
Cameco — A Canadian Mining and Energy Corp. realized earnings of $52.8 million on sales of $236.5 million in 1988. The company, which was formed from the merger of Eldorado Nuclear and the Saskatchew…
News
Granges increases stake in Trout Lake mine
With a major development program to increase reserves and facilitate exploration at depth nearing completion, Granges Exploration (TSE) has moved to increase its stake in the Trout Lake mine located n…
Queries orenda Gold no longer exists
I recently inherited 100 shares of Orenada Gold Mines purchased back in 1945. I would like to know if these shares have any current value, and if so, where I can redeem them. R.M., Leamington, Ont. We…
Nord profits increase
Nord Resources realized an 18.6% increase in earnings last year with a profit of $15.7 million(US). Last year the gold and industrial minerals producer earned $13.2 million. The increase in earnings i…
Cusac, Gulf secure custom milling contract
With a custom milling contract now in place, 50/50 partners Cusac Industries (TSE) and Gulf Titanium (VSE) say the processing of ore produced at the Cruse-Belmont mine near Helena, Mon. will begin in …
Metal Prices PRODUCER PRICES (April 03, 1989)
ALUMINUM: MW U.S. Market US90-94 cents per lb. (Mar 22, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75(US) per lb (Mar 9, 1989). CADMIUM…
Kingswood options Mid-North prospect
An option to acquire a 55% interest in the Bourlamaque property of Mid-Canada Gold and Copper Mines (ME) in northwestern Quebec has been acquired by Kingswood Explorations 1985 Ltd. (ASE). Kingswood m…
McFinley extends date for rights offering
The expiry date for McFinley Red Lake Mines’ (TSE) current rights offering to shareholders has been extended to April 6 because of delays in distribution of the rights offering documents to United Kin…
Wharf Res. drawing attention in Dickenson takeover bid
Focus of the on-going takeover contest for Dickenson Mines (TSE) and Kam-Kotia Mines (TSE) appears to have temporarily shifted to an associated company, Wharf Resources (TSE). Corona Corp. (TSE), whic…
September is target date at St Andrew’s Stock Twp.
It may be well into 1990 before St Andrew Goldfields’ (TSE) Stock Twp. project situated on the famous Porcupine-Destor Fault zone structure, near Timmins, Ont., approaches anything close to full speed…
Marshall, Caribou in custom milling talks
Negotiations involving Toronto- based Marshall Minerals (ASE) and East West Caribou Mining could make an open pit base metal producer out of the Restigouche polymetallic property in New Brunswick. If …
Burnt Timber viable
A pre-feasibility study has concluded that the Burnt Timber gold deposit, owned by LynnGold Resources (TSE) and Trans America Industries (VSE) is economically viable. Located near LynnGold’s MacLellan…