Earnings Reports (May 01, 1989)
First quarter earnings for Brunswick Mining and Smelting Corp. (TSE) were $18.3 million or 51 cents per share. In the first quarter of 1988 Brunswick’s net earnings were $3.9 million worth 11 cents …
News
Victoria Graphite completes drilling
A drill program completed by Victoria Graphite (TSE) has returned encouraging results from the company’s graphite property near Portland, Ont. All 15 holes intersected the mineralized zone. Some of th…
letters to the Editor Not all geologists party to `scandals’
It is a rare occasion that I consider replying to an editorial, but a few aspects of the issue you raise in your article “Blame it on flow- through” (N.M., Apr 19/89) beg further comment. Although the…
CoCa, Geodome merger approved
The Securities and Exchange Commission has approved the prospectus for the merger of CoCa Mines (NASDAQ) and Geodome Resources (TSE). CoCa will issue 0.255 shares and a warrant for each outstanding sh…
Toronto Stock Exchange Easing inflation fears depress gold, boost
Buyers returned to the markets this week anticipating that rising interest rates may have peaked. Two key economic indicators suggest that the worst is over. The Consumer Price Index registered a smal…
Spot prices at a glance (April 24, 1989)
Price Week’s ($US) Change($) Gold* 382.90 — 1.25 Silver* 5.76 + 0.06 Platinum* 543.10 +15.60 Nickel** 6.96 + 0.38 Lead** 0.28 + 0.02…
United Keno shuts 6 mines after suffering heavy losses
Toronto-based silver producer United Keno Hill Mines (TSE) won’t remember 1988 fondly. The 33%-owned affiliate of nickel giant Falconbridge Ltd. (TSE) reported a consolidated net loss of $12.9 million…
Step-out drilling extends east zone at Eskay Creek
Step-out drilling at the Eskay Creek project of Calpine Resources (VSE) and Consolidated Stikine Silver (VSE) has increased the strike extension of the 21 zone to the east. But a fault appears to have…
Rio Algom selling steel operations
A letter of intent has been signed between Rio Algom (TSE) and the Sammi Group of South Korea regarding the sale of Rio’s steel manufacturing operations. Price of the transaction was not made public. …
COATS Trading Features (April 24, 1989)
Mining issues slipped lower in a quiet and generally lacklustre COATS market this week. Two companies with interests in platinum-palladium prospects, Boston Bay Mines and Belleterre Quebec Mines, were…
Breakwater’s O’Brien find prompts underground study
The discovery of a new gold-bearing vein complex on the O’Brien property near Cadillac, Que., has Breakwater Resources (TSE) studying the possibility of an underground exploration and development prog…
Narrow widths onMidas Timmins bet
A 5,500-ft drill program has been completed by Midas Minerals (TSE) on the Tisdale gold property near Timmins, Ont. The drilling tested for gold mineralization at depths between 1,000 ft and 1,500 ft….