Letters to the Editor New direction appreciated
I am a subscriber to The Northern Miner as I have actively traded mining shares and gold-mining mutual funds for several years. I hope your issue dated March 7 represents a new direction for your fine…
News
Editorial Paying for municipal services
Mining has been good for the north, but as mines develop it is often difficult to ensure the north keeps its share of the wealth mines generate. Money spent on wages and services are generally recir…
Falconbridge’s Pelletier drills yield more gold mineralization
International Thunderwood Explorations of Toronto and joint venture partners Falconbridge Ltd. have released some encouraging results from the Pelletier Lake gold property two miles southwest of Rouyn…
INSIDER TRADES (March 21, 1988)
Breakwater — P. Brown bought 88,000 to hold 88,000. MacLachlan Inv bought 24,700 to hold 27,400. Conrex — W. Kertes sold 800,000 (private) to hold 200,000. Dune — R. Runcie sold 19,000 to hold 25,0…
Bema completes Abo takeover
The takeover of Abo Resources by Bema International has received regulatory approval. The two are joint venture partners with Kerr Addison Mines in the Harrison Lake gold project 60 miles east of Vanc…
Metal Prices FREE MARKET (March 21, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 15 Mar. 14 Mar. 11 Mar. 10 Mar. 9 Copper 1251-1252 1301-1303 1305-1307 1302-1304 …
Queries Armistice committed at Larder Lake
As a shareholder of Armistice Resources, I am writing to ask for some information on this company. I am particularly interested in Armistice’s Larder Lake property and I would also like to know if Arm…
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,…
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…