Editorial Money is no object
It must be nice to say “money is no object.” Just ask Ontario Hydro. The provincial government agency has recently announced its plans to reduce sulphur dioxide emissions as required by the Ontario …
News
ABM, Goldenbell unite, Jamestown improving
Toronto-based Northgate Exploration (TSE) has begun to simplify its broad portfolio of mining companies by uniting the assets of affiliates ABM Gold Corp. and Goldenbell Resources (TSE). By purchasing…
Association for Minnesota mining
The newly established Minnesota Exploration Association hope to provide companies and individuals exploring for non-ferrous minerals in Minnesota with a cohesive means to share information and to give…
Alberta Stock Exchange Texmont springs to life
One of the most dormant issues on the Alberta Exchange suddenly sprung to life this week following an encouraging announcement from the Tully Twp. gold property near Timmins, Ont. News that joint vent…
Record year for Falconbridge makes it a ripe takeover bet
Strong nickel and copper prices have combined to drive Falconbridge Ltd. (TSE) to the most profitable year in its history. Earnings reported by Falconbridge for the year ended Dec 31 were a record $34…
New uranium find for Minatco Ltd.
Discovery of ore grade uranium mineralization has been reported by Minatco Ltd. at shallow depths on the Wolly joint venture property in northern Saskatchewan. The company, a subsidiary of Compagnie F…
Cominco earnings highest ever (February 06, 1989)
Once awash in red ink, Cominco Ltd. (TSE) continued its remarkable financial turnaround again in 1988 when earnings reached the highest levels ever reported by the corporation. At $213.5 million, last…
Letter to the editor The Saga of Rosa Brown
It is my pleasure to report that the Nov 6, Toronto premiere of the original musical “The Saga of Rosa Brown” was a “standing-room- only” success. It was exciting to present a new work documenting Can…
Earnings Reports (February 06, 1989)
North American Metals (VSE), a 73%-owned subsidiary of Homestake Mining (NYSE), reports a net loss for the year ended Aug 31 of $942,458 or 13 cents per share. For the same period a year earlier the c…
Gold Bar drilling Chester Twp. property
COATS-listed Gold Bar Resources has agreed to fund a 5,000-ft drill program on Canadian Gold Resources'(ASE) Chester Twp., gold property near Gogama, Ont. The companies report that a contract has been…
Montreal Exchange Cambior withdraws bid
The takeover bid by Cambior Inc. for Nova-Cogesco Resources is off, says the former. The major Quebec gold producer, having upped its price from $1.50 per share of Nova Cogesco to $1.80, now says beca…
FMC Gold posts 23% profit gain
Increased production volume and lower costs brightened the profit picture for major North American gold miner FMC Gold Company (NYSE) in 1988. The company reports its net income rose 23% last year to …