Teeshin files lawsuit
Teeshin Resources (VSE) has filed a $6.5-million claim of lien against the Dome Mountain gold property in British Columbia. The sum represents the amount of money Teeshin says it spent on exploration …
News
Copper refinery sale
Louisiana Land and Exploration Company (LL&E) said its wholly- owned subsidiary, White Pine Leasing, had consummated the sale of its electrolytic copper refinery to Copper Range Company (CRC) for $14….
Gold Bar drilling Chester Twp. property
COATS-listed Gold Bar Resources has agreed to fund a 5,000-ft drill program on Canadian Gold Resources'(ASE) Chester Twp., gold property near Gogama, Ont. The companies report that a contract has been…
Earnings Reports (February 06, 1989)
North American Metals (VSE), a 73%-owned subsidiary of Homestake Mining (NYSE), reports a net loss for the year ended Aug 31 of $942,458 or 13 cents per share. For the same period a year earlier the c…
Letter to the editor The Saga of Rosa Brown
It is my pleasure to report that the Nov 6, Toronto premiere of the original musical “The Saga of Rosa Brown” was a “standing-room- only” success. It was exciting to present a new work documenting Can…
Earnings Report (February 06, 1989)
Ennex International of Dublin, Ireland reports a net loss for the 9-month period ended Sept 30 of $460,000(US) or 55 cents per share on revenue of $3.74 million. For the same period a year earlier th…
Epp named as new mines minister
Jake Epp, the new Minister of Energy, Mines and Resources, will be the guest of honor at the banquet held by the Prospector’s and Developers Association at their annual convention. The PDA convention …
Metals Prices FUTURES PRICES (February 06, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb146.50 146.50 144.40 Mar145.30 140.00 142.90 — 5.15 May134.80 131.00 132.50 — 4….
Cominco earnings highest ever (February 06, 1989)
Once awash in red ink, Cominco Ltd. (TSE) continued its remarkable financial turnaround again in 1988 when earnings reached the highest levels ever reported by the corporation. At $213.5 million, last…
New uranium find for Minatco Ltd.
Discovery of ore grade uranium mineralization has been reported by Minatco Ltd. at shallow depths on the Wolly joint venture property in northern Saskatchewan. The company, a subsidiary of Compagnie F…
Record year for Falconbridge makes it a ripe takeover bet
Strong nickel and copper prices have combined to drive Falconbridge Ltd. (TSE) to the most profitable year in its history. Earnings reported by Falconbridge for the year ended Dec 31 were a record $34…
Alberta Stock Exchange Texmont springs to life
One of the most dormant issues on the Alberta Exchange suddenly sprung to life this week following an encouraging announcement from the Tully Twp. gold property near Timmins, Ont. News that joint vent…