Inco contributing shares to pensions
Subject to regulatory approval, Inco (TSE) says it will contribute almost 1.5 million newly issued common shares, valued at market, to certain of its North American defined benefit pension plans. The …
News
Alberta Stock Exchange (February 24, 1992)
Trading 345,000, Trump Reserve Minerals gained 3 cents to 98 cents as Hemlo Gold moved two drills on to the Quill Lake gold property in northwestern Ontario during the week ended Feb. 18. Trump and Go…
Turkish copper project near feasibility stage
An expanded work program and a feasibility study are being planned by Cominco Resources International (TSE) for its recently discovered Cerattepe copper deposit in northeastern Turkey. A drill program…
Noranda posts large loss
Excess worldwide production capacity and lower prices for its resource products forced Noranda (TSE) to report a loss of $133 million ($1.04 a share) in 1991, compared with earnings of $120 million in…
Maufort, Cameco drill Tiblemont
A drilling program was recently completed on the Tiblemont property northeast of Val d’Or, Que., Ressources Maufort (ME) reports. Maufort’s project partner is Cameco (TSE). Five targets were verified …
Toronto Stock Exchange (February 24, 1992)
In the absence of any real action on the gold or base metals front, investors focused their attention on developments at a select group of companies during the week ended Feb. 18. As Arimetco Internat…
Osborne buys back major shareholding
Osborne and Chappel Goldfields (TSE) has transferred 50% of its interest in the Los Lilenes project and 48.6% of its net assets and liabilities, to Odin Mining and Investment. Osborne has also repurch…
Gold Funds (February 24, 1992)
BGR Central Net Value $8.46 $5.25 Price $7.75 $4.650 Discount 8.37% 11.4% Value $50,358,000 $78,232,995…
Toronto Stock Exchange Indices (February 24, 1992)
Feb 18 Feb 17 Feb 14 Feb 13 Feb 12 High Low Composite 300 3551.18 3570.81 3573.89 3581.76 3595.83 4009.47 3009.91 Metals & Minerals3138.01 3147.14 3120.63 3076.13 3068.20 3453.06 2502.63 Integrated Mi…
Prospects in Bolivia, Honduras boost share price of Arimetco
Shares of Arimetco International (TSE) have soared lately as the Arizona-based copper miner extends its influence into Latin America while expanding production at copper mines in the U.S. The shares r…
Scientists seek special shaft to conduct space’ experiments
There’s an air of expectation at the Atomic Energy Canada Ltd. (AECL) research labs at Whiteshell, Man. The scientists there are keeping their fingers crossed hoping that the provincial and federal go…
Investments keep Minnova afloat
Investment income pulled Minnova (TSE) through a tough year in 1991, accounting for about 74% of the base metal producer’s income. For the year ended Dec. 31, 1991, Minnova earned $11.5 million (80 ce…