Alberta Stock Exchange Pan East big trader
Having approved two convertible debenture issues and resolved an ownership question over two large blocks of its own stock, Pan East Resources has $700,000 in the kitty for future acquisitions. The is…
News
Cyprus Minerals boosts earnings
The latest financial results for Denver-based Cyprus Minerals (NYSE) show earnings of $61 million(US) or $1.48 per share on revenues of $453.5 million for the second quarter of 1989. These results sho…
VSM drill results
The first results from this season’s drill program on the Grevet M zinc deposit have been released by VSM Exploration (ME). Hole 65 intersected 9.8 ft grading 9.45% zinc, 0.74% copper and 1.1 oz silve…
Hansuld emerges as Spirit Lake’s President, C.E.O.
John Hansuld, the man whose name became almost synonymous with Canamax Resources (TSE), has been named president and chief executive officer of Spirit Lake Explorations (ME). Hansuld resigned as Presi…
Newhawk drilling intersects new zone
Underground drilling has successfully intersected the R-8 zone of the Sulphurets gold-silver property in northern British Columbia on three sections, Newhawk Gold Mines (TSE) reports. The R-8 zone, un…
Equity Silver earnings up 125%
Higher sales volumes of precious metals helped bring about a 125% increase in earnings for Equity Silver Mines (TSE) in the first half of 1989. The Placer Dome (TSE) subsidiary reported earnings for c…
Imperial reports record year
After completing its fifth consecutive year of profitable operations, Imperial Metals Corp. (TSE) reported record earnings of 19 cents per share on net income of $3.18 million for its fiscal year ende…
Black Hawk drilling Minago nickel bet
Toronto-based Black Hawk Mining (TSE) has started a 10,000-ft diamond drilling program on the Minago nickel property near Wabowden, Man. The company recently bought a 100% interest in the property fro…
Earnings Report (August 21, 1989)
Battle Mountain Gold (TSE) reported a net income of $8.1 million(US) or 12 cents per share for the second quarter. In the same period last year, the company reported net earnings of $16.1 million or …
FUTURES PRICES (August 21, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug121.85 121.85 121.85 + 11.15 Sep122.50 118.80 121.50 + 11.40 Dec119.60 116.30 11…
Williams court battle chronology
* 1981 — Junior-mining company International Corona Resources (later to become Corona Corp.) stakes a group of claims in the Hemlo area. — Prospector Donald McKinnon, who took part in the Corona sta…
Calpine sees open pit potential: Pezim
An ongoing program of in-fill and step-out drilling on the 21 zone at the Eskay Creek project in northwestern British Columbia is continuing to return encouraging results for equal partners Calpine Re…