Platinum results for Prophet Res.
Platinum values have been assayed by Prophet Resources from the company’s Brady property near Sudbury, Ont. Located in Parkin Twp., the property has been the site of surface stripping and channel samp…
News
Newfields reserves for Teck-Hughes
A geological reserve of 100,000 tons grading 0.25 oz gold per ton has been calculated for Newfields Minerals’ Teck-Hughes property. Located near Kirkland Lake, Ont., the Teck-Hughes property is believ…
Metal Snips (August 10, 1987)
The Australian Nugget gold bullion coin achieved worldwide sales of 246,038 oz comprising 570,416 coins less than three months after it went on sale this year. The sales were almost double the origina…
Beaver Creek acquires option in old producer
A privately-held Montreal firm, Beaver Creek Goldfields, has acquired from its major shareholder, the American company Beaver Creek Explorations U.S.A., the rights to an agreement with Mesa Silver Cor…
Underground program near at Regional’s Midway bet dd
A $10-million underground program could begin later this year at Regional Resources’ Midway property on the B.C./ Yukon border. President Graham Farquharson emphasized at the annual meeting that under…
Exploration work for Radcliffe
Radcliffe Resources says exploration is progressing on the company’s Bam gold prospect, in northwestern B.C. Radcliffe’s property is located approximately 100 miles north of Stewart, B.C. and is appro…
COATS Trading Features (August 10, 1987)
Additional drill results look good from Card Lake Resources’ gold play in Harker Twp, Ont. A 12.5-ft section assayed 0.235 oz gold per ton. The property is located two miles west of the Holt-McDermott…
Metal Prices PRODUCER PRICES (August 10, 1987)
ALUMINUM: MW U.S. Market 76.50 cents -79.50 cents per lb. (July 30, 1987). ANTIMONY: New York dealer $1.06-$1.12 per lb. (July 30, 1987). BISMUTH: New York dealer $3.35-$3.55 per lb. (July 30, 1987). …
David Bell mine spurs earnings for Teck Corp.
Teck Corp reports net earnings of $9.5 million or 21 cents a share in the quarter ended June 30, up from $5.9 million or 11 cents a share in the comparable period a year earlier. Revenues were $52 mi…
Skyline announces updated reserves
Updated reserves have been announced by Skyline Explorations for its Reg property in northwestern B.C. Measured reserves are now 121,330 tons grading 1.25 oz gold and 2.1 oz silver. In addition, 161,9…
Ruttan mine deal closed by Hudbay
Hudson Bay Mining and Smelting has completed the purchase of the Ruttan copper mine from Sherritt Gordon Mines. The mine is located at Leaf Rapids, Man. Terms of the purchase were not disclosed.
Equity 6-month net hits 19 cents per share
Equity Silver Mines reports net earnings of $5.5 million or 19 cents per share in the first half compared to $921,000 a year ago. Anthony J. Petrina, president, said the purchase and delivery to Plac…