Dividend Briefs (January 04, 1988)
Ranchmen’s Resources has declared a quarterly dividend of 12.5 cents on its class A shares payable Dec 29 to shareholders of record Dec 14. The last quarterly dividend of 12.5 cents was last paid Jan…
News
Corona acquiring one-third interest in Prime Capital
An agreement has been worked out between Toronto-based International Corona Resources and Prime Capital Corp. of Vancouver whereby Corona will acquire an approximate one-third interest in the latter. …
Editorial Threat to metals
Metal miners are constantly looking over their shoulders for the men (or women) who may come up with still another substitute for metals in the world’s markets. Their apprehension is not without reaso…
Platinum in oversupply: Shearson
The platinum market is in fundamental oversupply and is set to stay that way, Shearson Lehman Brothers reports in its Annual Review of the World Platinum Industry 1987. Although demand for industrial,…
Teck expanding gold base as revenue and profits soar
Diversification has always paid off well for Teck Corp. and the sharply higher profits show 1987 to be no exception. Gold takes the front seat this year, boosting net earnings to $33.6 million on reve…
Cominco’s copper profits increasing in importance
When Canadian Pacific Enterprises sold its control position in Cominco Ltd. to a consortium headed by Teck Corp., employees of both mining companies greeted the news with considerable apprehension. “W…
Petromet and partners plan drillng at Fifteen Mile
A $2-$3-million diamond drill program is scheduled to begin in early January on Petromet Resources’ Fifteen Mile Stream gold property in Nova Scotia. The program’s objective will be to increase the cu…
Inspiration plans to boost output of low-cost copper
A plan to reduce unit costs at its Globe, Ariz., facility by increasing leach-solvent extraction copper production by 25% has been announced by Inspiration Consolidated Copper, a subsidiary of Inspira…
MFC, Pioneer dealt o treat Hecla ore
MFC Mining Finance Corp. and Pioneer Metals Corp. have entered into an agreement with Hecla Mining which will see mfc and Pioneer process ore from Hecla’s Yellow Pine gold property in Idaho. Processin…
Letters to the Editor Beep Mar proves its worth
Contrary to what was written in The Northern Miner’s issue of Dec 14, (`Beep Mat’ put in the spotlight by new exploration company) there are today less than a dozen geologists and/or prospectors who h…
Granges output rising smartly to record levels
Revenues and earnings of Granges Exploration are running at record levels, with operating profit for the nine months to Sept 30 of $4,621,037 and net of $1,357,078 or 9 cents per share on sales of $1…
Taywin encouraged by gold-silver assays
On the basis of exploration results obtained this fall, Taywin Resources plans further tests on several targets at its Electrum gold-silver prospect on Vancouver Island. Taywin has a 55% interest in t…