Colony incurs loss
A net loss of $12,000 is reported by Colony Pacific Explorations for the year ended Oct 31, 1987. This compares to a loss of $503,000 the year before. Operating income was $39,000 on revenues of $318,…
News
La Sarre on ME
A Rouyn-Noranda, Que., junior mining company, La Sarre Mining Exploration, was recently listed for trading on the Montreal Exchange (symbol lsa). La Sarre was incorporated in August, 1986. It has inte…
727547 Ontario, trustee acquire Citadel shares
727547 Ontario Ltd., Dwight A. Fowler (as trustee) and Prairie Pacific Energy Corp. have entered into an agreement pursuant to which 727547 and Fowler will acquire from Prairie Pacific: * 550,000 comm…
Metal Prices PRODUCER PRICES (March 21, 1988)
ALUMINUM: MW U.S. Market $1.025-$1.06 per lb. (Mar 3, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (Feb 18, 1988). CADMIUM: New Yor…
Negotiations still for Falconbridge
Falconbridge Ltd. has discounted a press report that a settlement has been reached in the company’s dispute with the government of the Dominican Republic, over an export duty imposed by that governmen…
Ridgeway gold mine looms for BP Minerals, Galactic
The Ridgeway gold mine, owned 52% by BP Minerals America and 48% by Galactic Resources will start tuneup operations by the fourth quarter of this year. The 15,000-ton-per-day mine, located 25 miles no…
Pickens backs out of Homestake deal
Texas oilman T. Boone Pickens and his Mesa Ltd. Partnership recently withdrew a $1.88-billion takover bid for San Francisco-based Homestake Mining Co. On March 7, the Homestake board of directors unan…
Pamorex/Highwood N.W.T. drill results
Results are encouraging from the first five holes drilled by Pamorex Minerals (60%) and Highwood Resources (40%) on the Regan Lake gold prospect southeast of Lupin Lake, N.W.T. The best intersections …
Pacific Trans Ocean secures gold loan for Ketza project
An $8.8-million(US) gold loan has been arranged by Pacific Trans Ocean Resources through Lloyds Bank plc of New York. The proceeds will be used to retire short term credit facilities and for preproduc…
Kapalua plans shaft, stoping
Plans to sink a shaft and perform lateral stoping for the removal of bulk samples have been announced by Kapalua Gold Mines of Calgary for the Briscoe-Bryce gold property near Kirkland Lake, Ont. The …
Vancouver Stock Exchange Windarra slips on production news
One of the most active issues on the Vancouver Stock Exchange this week was Windarra Minerals. Some 718,900 shares changed hands as the issue slipped a penny to close at $1 even, once again proving th…
Letters to the Editor (March 21, 1988)
I do hope you plan to soon re-introduce oil stock quotations. Many of the oils have mining properties, for example, Barons Oil, in which I have an interest. Too, The Northern Miner is such a reliable …