Imperial finds diversification a mixed blessing
Like a good many companies with a broadly diversified asset base, Imperial Metals (TSE) has found that diversity is indeed a two edged sword. President Pierre Lebel told shareholders during the recent…
1988
Toronto Stock Exchange Small advances fail to stem themarket’s
Small advances made yesterday and today, failed to stem losses realized during our review week. The absence of any major buying and weak market support resulted in continued losses on the TSE which, a…
Interquest sees end to financing dispute
A dispute between Interquest Resources Corp. (TSE) and Trader Resource Corp. (TSE), now before the courts, could be settled before the end of September says Interquest Chairman William Koyle. The disp…
Investment Comment QPX has Placer Dome’s backing
Finding a listed company that offers a combination of potential for capital gains associated with penny mining stocks and blue-chip credibility isn’t easy. Some might say it’s impossible. Other invest…
Atlanta Gold Drilling Increases Reserves
The 1988 drilling program has significantly increased proven reserves on the Atlanta project in Idaho, says Atlanta Gold Corp. (VSE), which is curmine. The company can acquire 100% control (subject to…
Editorial Research teamwork
Canada’s idea generators (our universities) are actively lobbying Canada’s cash generators (our industries) in search of the financial support needed to translate academic abstractions into practical …
Nerco Minerals sticking with precious
Speculation that Nerco Minerals wants to get out of the precious metals business has been denied flatly by the company. A few weeks ago Nerco said it was considering the sale of interests in certain p…
Montreal Exchang Two mine openings
The stock market news doesn’t seem to get any better as the summer nears an end. The Montreal Exchange experienced a downturn this past week with both the general market portfolio index and the mining…
Armistice prepares to deepen shaft at Virginiatown bet
With a new hoist and headframe in place and rehabilitation of the old shaft to 1,250 ft complete, Armistice Resources (ME) is forging ahead with a deep underground exploration program at its gold prop…
For Sale sign not up at Westmin
The “For Sale” sign is not out at Westmin Resources (TSE) according to a senior executive with the company. But R.H. Ostrosser, executive vice president at Westmin, told The Northern Miner that Norand…
Vancouver Stock Exchange High rates, low prices, cool economy
A September rally hasn’t materialized, so there isn’t much joy in Vancouver these days. The past week on the Vancouver Stock Exchange was relatively quiet, but volumes were picking up toward the end o…
Barrick’s Goldstrike mine Crown jewel in company
Not quite two years ago the Goldstrike Mine was a relatively small heap leach producer and a moderately successful one at that. But this was before Toronto-based American Barrick Resources (TSE) got i…