The tin metal scheme that went wrong
A 29-year effort to “stabilize” tin prices collapsed in 1985, causing enormous financial losses by banks and metal dealers, some Canadian. The price plunged steeply. What happened? The first Internati…
News
News in Brief (July 11, 1988)
Bart Resources has changed its name to Thermo Tech International Inc. (TTJ:VSE) on a share- for-share basis.
Vancouver Stock Exchange Quiet times in a lethargic market
Investor interest in speculative stocks has waned dramatically but development-type situations with defined production potential have been doing better. Overall, however, the market could only be desc…
Denn’or announces 2nd drilling results
A second drilling campaign has been completed by Denn’or Exploration (ME) at its 21-claim East Sullivan gold property in Quebec’s Bourlamaque Twp., near Val d’Or. Total reserves (probable and possible…
St Andrew on schedule for production at Stock Twp.
Toronto-based St Andrew Goldfield (TSE) is on schedule for a September, 1989 start-up date at the Stock Twp. gold property, near Timmins, Ont., shareholders were told at the annual meeting. With finan…
The new Corona
The new Corona Corp. (TSE), an amalgamation of five Royex group companies, officially came into existence July 1. Shareholders voted their approval June 3 of the amalagamation of Royex Gold Mining, In…
Ontario to limit applications for IMEP funding
Ontario plans to limit applications to its Ontario Mineral Exploration Program (OMEP), in the wake of the federal government’s new Canadian Exploration Incentives Program (CEIP). The province’s minist…
Que. mineral value jumps 24% in 1987
Mineral shipments in Quebec in 1987 were worth $2.71 billion, up 24% compared with the previous year, the province’s Ministry of Energy and Resources reports in its publication Mineral Resources. Expl…
Antimony sales help boost coffers of Dominion Explorers
Sales of antimony from its New Brunswick mine helped Dominion Explorers (TSE) record net income of $1.14 million (3 cents per share) in 1987 compared to a loss of $712,848 (3 cents per share) the ye…
Metal Prices FUTURES PRICES (July 11, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul 102.50 100.30 100.50 — 4.90 Sep 97.00 94.30 9…
FINANCING (July 11, 1988)
ONTARIO Chester — final rec iss offer 600,000 @ 80 cents per sh to net $240,000. RELEASED FROM ESCROW Sharpe — 185,000 shs released. VANCOUVER Accura — 500,000 sold for gross $175,000. Goldrite –…
Correction (July 11, 1988)
In a recent article, The Northern Miner incorrectly related Camreco Inc.’s (TSE) accumulated deficit on March 31 to revenues reported during the first three months of 1988. In fact, Camreco reported a…