COATS trading features (November 14, 1988)
A cease trade order was issued by the OSC this week against Carolin Mines for failure to file financial statements. Carolin closed in the 60 to 70 range when trading was stopped. The company has been…
News
Sikaman to acquire Snow Lake tailings deposit
Toronto-based Sikaman Gold Resources (TSE) says it has entered into agreements which would give it the right to treat a gold tailings deposit at Snow Lake, Man. The tailings deposit, owned by Nor-Acme…
Fire at Belmoral mine destroys change room
Mining crews at the Ferderber mine of Belmoral Mines (TSE) at Val d’Or, Que., missed a shift recently following a fire which destroyed the mine change facilities and assay office. No injuries were rep…
Newmont declares quarterly dividend
The board of directors of Denver- based Newmont Mining recently declared a regular quarterly dividend of 15 per share of common stock, payable Dec 9 to shareholders of record at the close of business…
Agnico-Eagle to sell real estate holdings
A lucrative offer for Agnico-Eagle Mines’ (TSE) Ontario real estate holdings has proved too good to refuse. Agnico-Eagle says it will sell the holdings which include a parcel of industrial land in Sca…
Noront involved in big new play
Noront Resources (VSE), recently reactivated with strong financial backing as the exploration arm of Central Crude (VSE), is spreading its wings. Although not yet finalized, the company has reached an…
Intl. Platinum options US properties
Toronto-based International Platinum Corp. (TSE) has optioned more platinum properties in the United States. The first is a 47-claim property covering some 2.9 miles of the layered Picket Pin reef loc…
Orleans drilling
Favorable drilling results have been released by Orleans Resources (ME) from the Tangier property (East block) in Nova Scotia located 51 miles northeast of Halifax. Orleans is earning a 50% interest i…
Inco Gold to Increase Stake in High River
The proceeds of a private placement by Inco Gold (TSE) will be used by High River Resources (VSE) to fund exploration programs on the Snow Lake property located 100 miles west of Thompson in northern …
Stratmin finds second client
A second buyer has been lined up by Stratmin Inc. (ME) for its Quebec graphite concentrates. The company says an agreement in principle has been reached with C. ITOH Ceramics Corp. of Japan whereby th…
Metal Prices PRODUCER PRICES (November 14, 1988)
ALUMINUM: MW U.S. Market $1.07-$1.09 per lb. (Oct 27, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $5.90-$6.00 per lb. (Oct 20, 1988). CADMIUM: New Yo…
MRI revenues up from 1987 level
As indicated by its recent financial results Mineral Resources International (TSE) is continuing to benefit from zinc prices which jumped recently to $1,350(US) per tonne from $820 a year ago. MRI’s n…