Production increases 11% at Audrey’s Mobrun
With production from the underground section of its 70%-owned Mobrun polymetallic mine well underway, Audrey Resources has completed its second quarter as an operating mining company. Production at th…
News
Minnova reports drop in income
Net income of $3.3 million (24 cents per share) was recorded by Minnova Inc. of Toronto in 1987 compared with $4.65 million (35 cents per share) the year before. The company says metal production and…
Tanqueray interest in Valley gold mine
An option has been acquired by Tanqueray Resources giving the company the right to earn a 10% interest in the Valley gold mine property. The project is located near Republic, Wash. Tanqueray can earn …
Neptune gets feasibility
A positive feasibility study has been received by Neptune Resources for the company’s Colomac gold deposit in the Northwest Territories. The study, completed by Wright Engineers, says the Colomac coul…
Summitville output boosts Galactic’s 1987 balance sheet
Higher gold prices combined with production from Galactic Resources’ Summitville mine in Colorado brought the Vancouver company’s balance sheet back into the black. Galactic reported 1987 net income o…
Letters to the Editor Simple invitations fine
In the article entitled “In the light of Pac-Corona suit plan your site visit carefully,” appearing on page B1 of the March 7 edition, there was attributed to me a comment to the effect that “if you r…
Alberta Stock Exchange No stopping Argus
Two halt trading orders within 10 days have done nothing to stymie demand for the Argus Resources issue. While the share price dropped 51 cents to close at 88 cents , a gargantuan 1,773,800 shares ch…
Editorial Another great convention
Once again, the Prospectors and Developers Association of Canada has organized and executed a successful annual convention. With more than 4,000 delegates registering — the most at any of the associa…
Muscocho buys Westfield’s Mishibishu Lake interest
Partners Muscocho Explorations and Flanagan McAdam Resources have agreed to purchase Westfield Minerals’ 50% interest in a large property in the Mishibishu Lake area west of Wawa, Ont. The property is…
Noranda/Matachewan plan joint program
Noranda Exploration Co. (Norex) has signed a letter of intent with Matachewan Consolidated Mines regarding its property along the Destor Fault. Norex has agreed, subject to a more formal agreement, to…
ME listing for Orleans
Junior-mining firm Orleans Exploration of Val d’Or, Que., was recently listed for trading on the Montreal Exchange (symbol ols). Orleans lists interests in three properties: Villeneuve, located about …
Metal Prices PRODUCER PRICES (March 14, 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…