ALPART to open in March, 1989
ALPART, the largest of four major alumina plants in Jamaica, will start producing alumina by the end of March 1989. Under a recently signed agreement, the ALPART plant will be owned by Kaiser Jamaica …
News
Investment Comment Inco’s recap plans make it a buy
With a resounding 72% of shareholders approving Inco Ltd.’s controversial recapitalization plan, investors continue to support the company’s share price around the $39 mark. The recapitalization plan,…
Earnings Report (December 19, 1988)
Quebec Sturgeon River Mines (TSE) reports a net loss for the 9-month period ended Sept 30 of $540,587 or 5.8 per share compared to $1.3 million or 14.7 p er share for the corresponding period in 19…
Alberta Stock Exchange Bitech on gold scent
Even in a listless market, investors will still respond to the sniff of a significant gold discovery. Bitech Energy has offered plenty of recent evidence that it is on the scent of something interesti…
Queries Yama Gold is dissolved
I have a certificate for 500 shares in a company called Yama Gold Mines Ltd. The shares were purchased for a price of $1 each in 1939. Can you please advise me on the status of this company? Paul For…
HSK and Joutel shuffle Queenston Gold assets
Toronto-based HSK Minerals (TSE) and Joutel Resources (TSE) have signed an agreement in which HSK will buy two million common shares of Queenston Gold Mines (TSE) from Joutel. In return, Joutel will r…
Cusac/Gulf Titanium generating cash flow from small Montana mine
Adopting a pay-as-you-go strategy toward mine development, 50/50 partners Gulf Titanium (VSE) and Cusac Industries (TSE) are generating a positive cash flow from limited production at their joint-vent…
TSE stymies Pegasus poison pill program
The Toronto Stock Exchange has thrown cold water on a plan by Pegasus Gold Inc. (TSE) to protect itself from any unwelcome takeover attempt (N.M., Dec 12/88). The TSE has told Pegasus that its “poison…
Regulatory body gives nod to Midas
Notice of a plan by Midas Minerals (TSE) to acquire up to a 60% interest in the Tisdale gold project at Timmins, Ont., from Total Energold (TSE) and Davidson Tisdale Mines (TSE) has been accepted by t…
Lornex wind-up meets opposition
An agreement concluded earlier this month between Rio Algom (TSE) and Teck Corp. (TSE) which would see Lornex Mining (VSE) discontinued as a public company is said to be facing opposition by at least …
$1.6 million program for Weedy Lake
A 2-phase $1.6-million exploration program could begin next month on the Weedy Lake gold property owned by Golden Rule Resources (TSE), Tyler Resources (TSE) and Cameco — a Canadian Mining and Energy…
Metall reports higher earnings during third quarter of 1988
Despite operating problems at the Ok Tedi gold/copper mine in Papua New Guinea, Toronto-based Metall Mining (TSE) strengthened its financial position recently. Third-quarter net income increased to $6…