POLAR PRODUCERS FARO
Roads do indeed lead to resources. The lead/zinc mine in the Pelly River region of central Yukon illustrates this point beautifully. Were it not for the all-weather road there, the 58-million-tonne Fa…
News
SHIPPING CONCENTRATES
Nanisivik is accessible by ice-strengthened ships from August through mid-October. Shiploads of supplies from Montreal arrive each summer to replace dwindling inventories. An ice-breaking bulk cargo s…
GEOLOGY OF THE NANISIVIK DEPOSIT
The Nanisivik zinc-lead deposit, on the northern end of Baffin Island, consists of massive sulphides within dolomite of the Society Cliffs Formation of Helikian age. Pyrite is the main mineral, but in…
CORONA CORP (excluding Williams Mine)
For 12-month period ended Sept 30, 1988. In millions of dollars, except per-share figures. 1988 1987 Assets $644.0 $617.4 Long-term debt $87.1 $125.1 Revenue $166.2 $102.1 Earnings …
INCO LIMITED
For 9-month period ended Sept 30, 1988. In millions of U.S. dollars, except per-share figures. 1988 1987 Assets $3,631 $2,994 Long-term debt $1,250 $8…
First gold for Cheni
The first gold has been poured from the Lawyers gold-silver mine owned by Cheni Gold Mines (TSE). Located in British Columbia, the Lawyers mine is expected to produce 40,000 oz of gold and one million…
ECHO BAY MINES
For 9-month period ended Sept 30, 1988. In millions of U.S. dollars, except per-share figures. 1988 1987 Assets $790.1 $534.4 Long-term debt $155.5 $77.2 Revenue $191.6 $155.9 Earnings …
Nova-Cogesco funds
Recently completing a private placement worth $750,000 and involving three individual investors was Nova-Cogesco Resources (TSE). The company reports it issued 155,175 treasury shares at $1.45 each an…
Stan West search
Stan West Mining (TSE) is seeking an equity partner for its gold mine in Arizona. The participation by another partner may include the sale of all or a portion of Stan West’s assets, Frank Crerie, cha…
FINANCING (January 30, 1989)
VANCOUVER Crisan Res — 600,000 sold for $210,000. Fortress Res — 700,000 sold for gross $245,000. Silver Drake Res — gross proceeds rec $210,000.
Metal Prices FUTURES PRICES (January 30, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jan160.00 155.70 155.70 — 3.00 Mar151.90 147.70 148.05 — 0.75 May139.30 137.00 13…
Takeover threat doesn’t alter Falconbridge’s optimism
For Falconbridge Ltd. (TSE) and its inimitable chairman, Bill James, 1988 was one of those years when the gods appeared to be smiling. Riding on record high copper and nickel prices the Toronto base m…