Dickenson reports better net earnings
Dickenson Mines reports preliminary net earnings for the year ended Dec 31, before extraordinary items, of $4,140,000 or 36 cents per share compared to $1,707,000 or 16 cents per share in 1985. Net e…
News
Montreal Exchange NAR resumes climb
The volume leader on the Montreal Exchange this week was, once again, North American Rare Metals. NAR traded 728,300 shares and moved up 23 cents to close at 78 cents as it continues to work on its …
Explorco to earn interest in St Joe’s Manitou Lake bet
Explorco Properties, the wholly- owned subsidiary of Canadian Lencourt Mines has signed an agreement with St. Joe Canada Inc. to acquire a working interest in the Manitou Lake project in northwestern …
Golden Shadow bet drilled by Noramco
A total of 5,100 m of diamond drilling will be completed on the Central Patricia property held by Golden Shadow Resources. The work will be completed by Noramco Explorations, a private company control…
Falconbridge nets $75 m(US) for sale of Western Platinum
Adding to its list of recent asset sell-offs, Falconbridge Ltd has picked up $75 million (US) for the sale of its 49% equity interest in Western Platinum, a South African producer of platinum group me…
Int’l Platinum Corp. budgets $2.5 million on exploration
The Fox River project, one of several platinum bets within the fold of International Platinum Corp. will be the subject of another $500,000 exploration program this year by BP Selco. The property, loc…
Nortek completes share issuance
Edmonton-based Nortek Energy has completed the issuance of share certificates to Roycal & Co. for a series of non-voting, non-dividend-bearing convertible preferred shares, totaling about $7.36 millio…
Portfield starts grassroots work
Grassroots exploration work has started on a 57-claim property in Sandra Twp, near Beardmore, Ont., held by coats-listed Portfield Industries Inc. The work is being funded by Bay Resources & Services …
Editorial Gold keeps looking better
We have long held to that old maxim that the stock market doesn’t lie. But we are now having some qualms — indeed concern. For a wave of euphoria has been sweeping the big markets of late both in Tor…
People (February 16, 1987)
CANAMAX RESOURCES – Kenneth S. Dalton appointed a director succeeding C. John Sullivan.
‘Credibility problem’ still looms for Carolin
The history of Carolin Mines, an industry “soap opera” if there ever was one, has taken yet another turn. A new management group has now assumed control but the old guard has left them with a big cred…
Red ink for Sherritt Gordon
Unable to withstand the unrelenting pressure of weak fertilizer prices, the bottom line of Sherritt Gordon Mines has caved in with a loss, before unusual item, of $3.2 million for the year ending Dec …