Inco buys 6% stake in limestone producer
By purchasing seven million shares of Explaura Holdings (COATS), Inco Europe, a unit of Inco (TSE) will earn a 6% interest in the United Kingdom-based mining company. Through a private placement, Inco…
News
Toronto Stock Exchange Indices (September 03, 1990)
Aug. 28 Aug. 27 Aug. 24 Aug. 23 Aug. 22 HIGH LOW Composite “300” 3354.20 3358.26 3361.23 3359.28 3431.20 4009.47 3334.13 Metals & Minerals 3031.24 3058.68 2992.80 2959.23 3017.10 3453.06 2850.84 Integ…
Mine rescue champs
Fourteen teams from around British Columbia recently competed in rescue and first aid competitions sponsored by the British Columbia Mines Ministry in Nanaimo, B.C. The competition included three cate…
FINANCING (September 03, 1990)
Collins Resources Ltd — 1,000,000 offered @ 40 cents per unit. Slocan Development Corporation Limited — 1,200,000 offered @ 40 cents per unit. Santa Marina Gold Ltd. — 1,000,000 offered @ 40 cents …
Teck drops Whitewater option
Major company Teck (TSE) recently terminated its option agreement on the Whitewater Group gold property near Nelson, B.C. Property owner Snowwater Resources (VSE) said it will extend a geological mapp…
Aussie nickel bet may feed Sherritt
A potential customer for the concentrate of a yet-to-be developed nickel deposit in Australia is Sherritt Gordon (TSE), the U.S. Bureau of Mines reports in a monthly publication. Australian gold produ…
Metall sees lower earnings despite production increase
Despite a 7% production increase at its Copper Range copper mine in Michigan, Metall Mining (TSE) has been hit financially by some of the same factors that affected earnings reported recently by its V…
U.S. REPORT Piedmont sets records
Records for both production and earnings were set by Piedmont Mining (NASDAQ) for the first half of 1990. Net income for the six months ended June 30 was US$642,000, or US$0.04 per share on revenue of…
Corona buys stake in potential zinc mine
By increasing its stake in Conroy Petroleum and Natural Resources to 27.6%, Corona (TSE) is gaining a position in what could be a major lead-zinc producer. Conroy is developing a large, shallow, lead-…
U.S. REPORT Aspen option deal
Denver-based Aspen Exploration (NASDAQ) and Great Basin Exploration of Reno, Nev., have signed an agreement to continue exploration work on the Nome gold joint venture near Nome, Alaska. Aspen is oper…
U.S. REPORT Robertson results disappointing
The most recent progress report from Amax Gold (NYSE) on the Robertson project, near Lander cty., NV., owned by Coral Gold (TSE) appears to be somewhat disappointing, with Coral reporting that 10 of t…
Teck loses chance to buy Mexican mine
The Mexican government has sold the Canaea copper mine to a private Mexican/Belgium mining group for $475 million, eliminating Teck’s (TSE) chance to win a piece of the open pit operation. Teck, as pa…