NEWS IN BRIEF Golden Chance
Golden Chance Resources Inc. (GCH:VSE) has changed its name to Trimark Resources Ltd. (TRK: VSE) on a 1-new-for-9-old-share basis. Transfer agent is Central Guaranty Trust.
News
EDITORIAL PAGE Justifying stockmarkets’ existence
It’s tough enough ensuring adequate liquidity, compliance and visibility. Now, it seems, stock markets have to justify their existence in terms of whether they are on the side of Good or Evil. All sto…
Citadel Gold buying Jam-Can
Toronto-based Citadel Gold Mines (TSE) has agreed to buy all the shares of Jam-Can Resources, a private company, in exchange for 1.45 million shares of Citadel at 15 cents per share. Jam-Can holds thr…
Better grades improve Brewery – Loki outlining large tonnage
An accelerated exploration and development program is being planned by a unit of Noranda (TSE) for the Brewery Creek property. It is a promising bulk tonnage gold prospect 35 miles east of Dawson City…
METAL PRICES FUTURES PRICES (November 12, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 115.80 114.80 115.00 — 2.55 Dec 115.40 113.40 114.95 — 0.70 Jan 114.20 114.20 114.15 +0.95 SILVER (in US ce…
Costigan drilling at Sewell Brook gets good zinc-lead-silver values
Drills probing a geophysical anomaly on NovaGold Resources’ (TSE) Sewell Brook property near Plaster Rock, N.B., continue to intersect a high-grade lens of zinc- lead-copper mineralization. Hole 10, d…
Cheni earnings slip in 1990
The earnings of gold-silver producer Cheni Gold Mines (TSE) totalled $2.5 million for the nine months ended Sept. 30, off slightly from the $2.7 million in earnings reported in the same period last ye…
Orphee zinc find
Partners VSM Exploration (TSE) and Serem-Quebec have discovered a new zinc zone on claims optioned from Orphee Resources about five kilometres southeast of their Grevet discovery near Quevillon, Que. …
Homestake earnings ease
The 1990 third-quarter earnings of Homestake Mining (NYSE) were US$1.7 million, compared with US$2 million reported for the comparable period in 1989. Net income for the first nine months of the year …
Strike hurts third quarter at Brunswick
An ongoing strike at the Brunswick lead-zinc mine near Bathurst, N.B., has led to another disappointing third quarter for Brunswick Mining and Smelting (TSE). Brunswick reported a net income of $181,0…
Quarterly profits dive at Inco Indonesia
Third quarter earnings at P.T. Inco, Inco’s (TSE) Indonesian arm, dropped by 65% this year, mainly due to lower deliveries of nickel in matte compared with the third quarter of 1989. Quarterly net inc…
High interest rates take toll on Noranda’s profit
Stung by high interest rates, Noranda (TSE) saw its third- quarter net income plunge to $18 million (1 cents per share), down from $101 million (49 cents per share) in the year-earlier period. The 82%…