Inco turns profit in 1993
Red ink flowed in the last quarter of 1993, but Inco (TSE) turned a profit on the year. Net earnings (unaudited) for last year amounted to US$28.2 million, compared with a net loss of US$17.6 million …
1994
Glamis Gold boosts Imperial interest
Gold producer Glamis Gold (TSE) plans to buy a 35% interest in the Imperial County project in California. In exchange for paying $1 million in cash to Arizona Star Resource (VSE), Glamis would acquire…
Barrick to back Canarc
In an effort to muscle into South America, gold giant American Barrick Resources (TSE) has agreed to a strategic and financial relationship with Canarc Resource (VSE). The deal follows on the heels of…
Musto warms to MIM offer, sues Metall Mining
Proving that hostile takeovers are just that, International Musto Explorations (TSE) has served notice it will proceed with legal action against Metall Mining (TSE) and Metall’s financial adviser, McL…
Pegasus snaps up El Condor
The proposed merger of El Condor Resources (VSE) into Pegasus Gold (TSE) would put a fresh feather in the cap of the Robert Hunter-Robert Dickinson team. Pegasus plans to offer $7.50 (payable in commo…
Producer Prices (February 07, 1994)
ALUMINUM: MW U.S. market US57.50-58.50 cents per lb. (Jan. 20, 1994). ANTIMONY: MW New York dealer US76-80 cents per lb. (June 10, 1993). BISMUTH: MW New York dealer US$2.35-2.65 per lb. (Sept. 23, 19…
Asarco income up despite price drop in copper quotes
In 1993, Asarco (NYSE) realized an average copper price of US87 cents per lb., down from US$1.04 the previous year. The New York City-based company received an average of US20 cents per lb. for lead, …
Geologists study Purcell Basin
Details have been made available of a geological symposium held in Whitefish, Mont. last summer. More than 100 geologists convened at the northwestern lake resort to share information on exploration o…
Barrick continues its record pace
American Barrick Resources (TSE) has reported record production, earnings and cash flow for the eighth consecutive year. The Toronto-based company increased reserves in 1993 by 20%, adding 5 million o…
Preliminary Boleo tests prove positive
Partners International Curator (VSE) and Coeur d’Alene Mines (NYSE) are encouraged by preliminary metallurgical results from the Boleo property in Baja California, Mexico. Coeur d’Alene can earn a hal…
Zappa prepares for Enriquez drilling
With its share price pushing new highs, Zappa Resources (VSE) is preparing to test three bulk-tonnage gold targets within its concession in the Ponce Enriquez district of Ecuador. Zappa acquired the p…
EDITORIAL PAGE — Matkin and the market
On the face of it, it’s odd that the Vancouver Stock Exchange should be scrutinized by a government-appointed commission in the very year it posts all-time records for both volume and value ($6.7 bill…