Total options properties near Douay project
Some exploration results reported recently from Vezza and Douay townships in northwestern Quebec have persuaded Vancouver-based oil and metals explorer Total Energold (TSE) to move into the region. Ac…
News
Letters to the Editor `Carte blanche’ for insider traders
I was quite disturbed with your editorial “Showdown at the VSE” (April 16/90). I publish one of the few investment newsletters in the U.S. devoted to the Canadian investment scene. The very reasons yo…
Muscocho agreements
At a recent public hearing, the Ontario and Alberta securities commissions ruled that Muscocho Explorations (TSE), Flanagan McAdam Resources (TSE) and McNellen Resources (TSE) be exempted from issuer …
Giant, Pamorex set production date at Nighthawk Lake
Commercial production on the Nighthawk Lake property near Timmins, Ont., will be under way within two years, according to a recent agreement between Giant Yellowknife Mines (TSE) and property owner Pa…
Pay contract terms of Childers leaked
The president of Potash Corp. of Saskatchewan has a 5-year contract which pays him $700,000 per year. Details of C.E. Childers’ salary agreement with the Saskatchewan government were recently leaked t…
Money-losing Hope Brook keys on four problems
Management of Hope Brook Gold (TSE) is under heavy pressure this year to bring about a turnaround in operations at the company’s problem-plagued gold mine on the southwest coast of Newfoundland. Last …
Fairfield to spend $1.1 million on B.C. properties
This season Fairfield Minerals (TSE) plans to spend about $1.1 million to further explore its prospective 160-sq.-mile landholding in the Okanagan district of southern British Columbia. The bulk of th…
Quarterly loss for Sherritt
The balance sheet of Sherritt Gordon (TSE) tumbled into the red during the first quarter of the year. The metal refiner and fertilizer producer recorded a net loss of almost $2 million for the 3-month…
U.S. Report Homestaker doubles first-quarter profit
San Francisco-based Homestake Mining (NYSE) reports increased first-quarter net income of $13.2 million, or 13 cents per share, almost double last year’s first-quarter earnings of $7.1 million, or 7 c…
Former DRX head files lawsuit
Robert Clarke, former president of DRX (NASDAQ), has filed a lawsuit seeking to invalidate the election of a slate of directors at the company’s recent shareholder meeting in Delaware,. DRX is a preci…
Lower zinc prices cut into Brunswick earnings
Despite record zinc recoveries from Brunswick Mining and Smelting (TSE) No. 12 mine near Bathurst, N.B., lower zinc prices have slashed the company’s first quarter earnings by 60% from last year’s fig…
Public hearings planned for Cinola mine
Public meetings are being planned to address environmental and other key aspects of the controversial Cinola gold mine project on the Queen Charlotte Islands of British Columbia. British Columbia Mine…