Metal Prices FUTURES PRICES (June 29, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) June 68.95 68.95 68.90 — 1.90 July…
News
Flow-through isn’t through yet What the industry says . . .
Gerald Merrithew, Federal Minister of State for Mines “Many people expected the bottom to fall out, but that certainly did not happen. In fact the mining industry received some very special treatmen…
Editorial Thank Wilson for small mercies
There’s no doubt about it. Michael Wilson’s white paper on tax reform proved something of a blow to the mining industry in that it watered down flow-through share financing for mineral exploration. Wh…
Audrey’s open pit mine in production next week
The Mobrun polymetallic mine in northwestern Quebec will start production July 1, the president of Audrey Resources, Guy Hebert, reports. Located 32 km north of Rouyn- Noranda, the mine will produce g…
Denison sells Conrex to private investors
Consolidated Rexpar Minerals and Chemicals recently announced financing plans that will take the company into merchant banking and investments business in association with Gornitzki, Thompson & Little…
HSK plans aggressive program for Queenston acquisition
In investment circles there’s a well-known adage which states that a good deal helps to sell a deal. In a bid to get the financing for its recent Queenston Gold Mine acquisition, Hugh Harbinson, presi…
Agreement clears way for Silidor development
A 3-party agreement virtually assures that the Silidor gold deposit within the city limits of Rouyn- Noranda in northwestern Quebec will go into production. Noranda, Cambior and Cogesco Mining Resourc…
Noranda, Selco-BP encouraged by central Nfld. bet returns
Significant base and precious metal values in three recently completed drill holes on property in central Newfoundland have been reported by Noranda Exploration. The Tally Pond-Duck Pond project, loca…
Queries Kanstate shares worthless
I purchased 5,000 shares of Kanstate Resources in October, 1983, on the Alberta Stock Exchange. I received word in October, 1984, that the shares were to be consolidated, 3-for-1 and the company’s n…
New way to deal with arsenic could pave way for B.C. mine
Metallurgical problems that have prevented the development of a gold mine near Revelstoke, B.C., may have found a solution in a recent breakthrough in hydrometallurgy. Pilot plant tests at the U.S. Bu…
United Reef, Canhorn announce results
Results of a nickel offsets joint- venture involving United Reef Petroleums and Canhorn Mining Corporation near Sudbury, Ont., were announced recently. The company says geological mapping and ip surve…
Renewed gold emphasis starts to pay
It wasn’t necessarily a banner year for the six companies which form the Coniagas Group but the results of some exploration ventures involving the group, suggest that at least one member is progressin…