Rio Algom profit
Rio Algom Inc. reports consolidated net earnings of $93.1 million or $2.12 per share for the year ended Dec 31. This compares with earnings of $70.2 million or $1.58 per share realized in 1986. An ext…
News
Golden Star releases Guyana gold reserves
Edmonton-based Golden Star Resources has established initial reserve figures at three Guyana gold properties which are being explored in a joint venture with Giant Resources of Australia. They include…
Letters to the Editor Jobs come first
I’ve been a Cream Silver Mines shareholder for five years and I’m puzzled by the Strathcona Park (on Vancouver Island, B.C.) issue. I understand that environmentalists have protested the drilling and …
Skukum Creek to be developed by Omni and Skukum Ventures
A joint venture agreement between Omni Resources and Skukum Ventures will hasten development of the Skukum Creek gold property located in the Wheaton River area of southern Yukon. To earn a 40% intere…
Metal snips (March 14, 1988)
Total sales of potash by North American producers for all purposes (including exports) during 1987 were about 17.5 million tons containing an equivalent 10.2 million tons K203 1/20, according to the P…
Montreal Exchange: Offer reconsidered
Having second thoughts about its proposed offer to buy all of the outstanding shares of Louvem Mines it does not already own is St. Genevieve Resources of Montreal. The company, which currently owns a…
General News & Comment (March 14, 1988)
The 1988 silver commemorative dollar from the Royal Canadian Mint salutes the 250th anniversary of the Quebec-based Saint-Maurice Ironworks, Canada’s first industrial refinery, which began operating i…
Metal prices give boost to Metallgesellschaft results
Metallgesellschaft Canada Investments, a wholly-owned subsidiary of Toronto-based Metall Mining has reported substantially increased earnings for the year ended Oct 31. A dilution gain of $5.2 million…
Neptune gets feasibility
A positive feasibility study has been received by Neptune Resources for the company’s Colomac gold deposit in the Northwest Territories. The study, completed by Wright Engineers, says the Colomac coul…
Imperial Metals active on many exploration fronts
Since spinning off its gold assets into Cathedral Gold, a Toronto-listed 22%-owned subsidiary, Imperial Metals has had exciting exploration results. Highlighted in its 9-month interim report is the St…
Mining must adapt to stay competitive, banker says
Mining, like other industries in Canada, must change with the times to remain competitive, the chairman of the Bank of Montreal said at the 56th annual convention of the Prospectors and Developers Ass…
Alberta Stock Exchange No stopping Argus
Two halt trading orders within 10 days have done nothing to stymie demand for the Argus Resources issue. While the share price dropped 51 cents to close at 88 cents , a gargantuan 1,773,800 shares ch…