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…
News
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 –…
More gold reported on Skylark claims
Vancouver-based Skylark Resources (VSE) has encountered some more gold showings during sampling at its Finlay River project in British Columbia’s Toodoggone gold camp. The Finlay River project is part…
Investment Comment Golden Giant a boon to Hemlo Gold
When it was revealed recently that stock promoter Charles Stuart will test Ontario’s Mining Act after restaking 148 claims in the Hemlo, Ont., gold belt, the reponse from the mining industry was mixed…
Newmont plans fourth mill at Carlin area properties
Construction of a fourth mill at Newmont Gold’s Carlin area properties in Nevada will cost the company about $61 million(US). The plant, which is part of a $420-million expansion program announced las…
Gunnar, Pan East, Mill City on Fifteen Mile Creek bet
Wayne Benham of MPH Consulting reported on the Fifteen Mile Stream property of Calgary-based Pan East Resources (ASE). Gunnar Gold (TSE) and Mill City Gold also of Calgary, have the right to earn a 37…
Kewagama funding (July 11, 1988)
A flow-through financing between ME-listed Kewagama Gold Mines (Quebec) and Sofimines 1987 and Co., Ltd. Partnership has been completed, with Kewagama rec eiving $212,911.72 in exchange for 218,370 sh…
PRODUCER PRICES (July 11, 1988)
ALUMINUM: MW U.S. Market $1.20-$1.29 per lb. (June 30, 1988). ANTIMONY: New York dealer $0.95-$1.00 per lb. (June 30, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (June 23, 1988). CADMIUM: New …
Mark V takes second look at Bagdad prospect results
Still without a permit for a mining operation, Vancouver-based Mark V Petroleums and Mines (VSE) has received more encouraging results from the Bagdad gold project in Granite Cty., Mont. With a 200-to…
Pioneer program at Bonito yields good gold intercept
Exploration drilling at Pioneer Metals’ (TSE) Bonito gold/silver project in New Mexico returned 100 ft of 0.18 oz gold in the Blue Front zone. Drilling is continuing and 12 holes totalling 2,800 ft ha…