Potash Corp. boosts earnings in quarter
Higher potash sales and a weaker Canadian dollar helped Potash Corp. of Saskatchewan (TSE) record net income of $10.1 million for the first quarter, compared with $8 million for the same period last y…
News
BOOKS IN REVIEW — GSC products
The Geological Survey of Canada (GSC) has released on CD-ROM a new geological map (Open File 2559) and an integrated collection of geoscience data (Open File 2743), including both geological and geoph…
PEOPLE — GHK RESOURCES (May 09, 1994)
Jeffrey Starnaman and Geoff Armstrong appointed directors.
Granduc closes financing
Toronto-listed Granduc Mining has completed a previously announced $3.5-million financing with Conwest Exploration (TSE) and Jascan Resources (TSE). Proceeds from the loan will be used to complete Gra…
Government, MAC fund enviro study
The federal government, the Mining Association of Canada (MAC) and four provinces (British Columbia, Ontario, Quebec and New Brunswick) are collaborating in an attempt to identify economical ways to m…
Controversy surrounds thallium production in Japan and
Thallium is the last element of group IIIA in the Periodic Table (group 13, according to the new IUPAC rules). This group also includes boron, aluminum, gallium and indium. Thallium is a soft, silvery…
Regional sells Fairfield shares
Junior Regional Resources (TSE) has sold 1.7 million shares of Faifield Minerals (TSE). Proceeds amount to $5 million. Some of the shares were sold under an option agreement for $1.10 per share. An ad…
Gold and the federal reserve system
The largest concentration of refined gold lies in the vault of the Federal Reserve Bank of New York (FRBNY). It is held there in safekeeping mainly for foreign monetary institutions which make extensi…
Drilling by Pacific Sentinel in full swing at Casino project
Drills are turning again on the Casino property in the southwestern Yukon. Pacific Sentinel Gold (VSE) reports that four rigs are at work and an additional two rigs will be operational shortly. Drilli…
Oasis and Soquem intersect gold
Project partners Consolidated Oasis Resources (ME) and Soquem have struck gold at the Fancamp property near Chibougamau, Que. A 4.5-metre (15 ft.) intersection from Hole 23 cut 18.73 grams gold per to…
Int’l Platinum (May 02, 1994)
The Toronto Stock Exchange’s independent verification of samples taken from International Platinum’s ground in Arizona was not yet available at presstime. A TSE official said its report will be coming…
STOCK MARKETS — Majors’ earnings exceed their expectations
Fueled primarily by higher corporate earnings, stocks on the TSE moved up sharply to end the week. Apparently, the earnings reported by many of the major corporations have far exceeded expectations. O…