PCA shareholders to vote next week on Rio offer
Preferred shareholders of beleagured Potash Co. of America, who paid $25 for their shares in July, 1984, will vote Dec 14 on whether or not to accept the latest takeover bid from Rio Algom. The divers…
News
Imp. Metal net up
Net income of Imperial Metals rose in the six months ended Sept 30 to $611,000 on revenue of $1.6 million, compared to income of $58,000 on revenue of $1.2 million in 1986. Income for the second quart…
Teck to split shares
Shareholders at Teck Corp.’s annual meeting in January will be asked to approve plans to split its Class A and B shares on a two-for-one basis. Teck claims that with the increase in market price for i…
Cove-McCoy mine augers well in Echo Bay expansion plans
Edmonton-based Echo Bay Mines, which four years ago produced just 118,000 oz of the yellow metal, plans to pour 550,000 oz next year and is shooting for 700,000 oz in 1989. This incredible growth rate…
Calnor begins drilling Kenora gold prospect
A 3,000-ft drill program is under way on Calnor Resources’ High Lake gold prospect 25 miles west of Kenora in northwestern Ontario. Drill targets were located by a comprehensive trenching and sampling…
More scholarships to meet industry need for engineers
The Canadian Mineral Industry Education Foundation is widening its horizons. For more than 20 largely-unheralded years, the industry-supported, non-profit foundation has been quietly but effectively w…
Baroque drilling two bets at Miminiska Lk.
A total of 10,000 ft of drilling is planned by vse-listed Baroque Resources on two properties optioned from Homestake Mineral Development and Conwest Exploration in the Miminiska Lake area of Thunder …
Mark V aims to revive Montana’s Bagdad mine
Mark V Petroleums and Mines has received some encouraging assay results from its wholly-owned Bagdad Gold property in Granite Cty., Mont. After lying idle for over 40 years the property was rediscover…
Metal Mining earns $3 million in second quarter
After completing its first full quarter as the principal worldwide mining vehicle of West Germany- based Metallgesellschaft AG, Metall Mining Corp. said it has shown improvements in all aspects of its…
Moneta Porcupine acquires Montana gold-silver claims
In a bid to broaden its interests beyond gold exploration, Moneta Porcupine Mines of Timmins, Ont., has acquired a major interest in over 200 mining claims in the Finlay Basin area of Granite Cty., Mo…
Agnico statement expected in early ’88
A statement of defence in a lawsuit involving plaintiff Noranda Inc. and the defendants, Agnico-Eagle Mines, Mentor Exploration and Development and Dumagami Mines is expected to be filed in early 1988…
Canadian gold miners active in Ghana
Out of the world gold spotlight for some time now, the West African nation of Ghana may be about to make a comeback — in part because of the initiative being shown by a number of Canadian mining comp…