Troymin gets funding for winter projects
Alberta-listed Troymin Resources has received $425,000 to finance its 1987/88 Canadian exploration program, the company said recently. According to Troymin, a $250,000 placement with MTC Oil and Gas F…
News
Montreal Exchange Mixed trading prevails
While not setting any records, trading activity on the Montreal Exchange seems to be recovering to pre-year-end levels, with similar mixed results. Daily volumes during the holiday period sunk to as l…
Research focuses on alternate backfill methods
Ontario’s mining industry is currently involved in eight backfill test projects directed at finding safe and cost-effective alternatives to widely used methods of backfill. The testing is being done u…
Mtn. West/Homestake joint venture amended (January 11, 1988)
Changes have been made to a joint venture agreement between Mountain West Resources and Homestake Mining on the Elkhorn gold property located 22 miles south of Helena, Mont. Under the original January…
Metal Prices (January 11, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Jan. 5 Jan. 4 Jan. 1 Dec. 31 Dec. 30 Copper 1576-1580 1655-1660 N/A 1695-1705 1696-1700 Lead …
Analyst offers 3 reasons for nickel, copper prices
The current price of copper, in the $1.40(US) per lb range, is the highest it has been since early in 1980, while nickel, which in December breached the $3-per-lb level, is now riding in the $4.10-$4….
Stabell financing
An exploration finance agreement has been signed between Stabell Resources and Sofimines 1987 and Co., Ltd. Partnership whereby Stabell will issue 1.5 million shares at 50 cents per share to Sofimine…
COATS Trading Features (January 11, 1988)
An amalgamation between Golden Cresent Explorations and Candore Explorations has been completed. The new company goes under the name of the former. Golden Cresent was 75 cents -$1 bid-ask this week. M…
PRODUCER PRICES (January 11, 1988)
ALUMINUM: MW U.S. Market 87.00 cents -88.00 cents per lb. (Dec 29, 1987). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Dec 10, 1987). BISMUTH: New York dealer $4.70-$4.80 per lb. (Nov 19, 1987). CAD…
Vancouver Stock Exchange Metal stocks in the limelight
There are some positive signs that 1988 could be a good year for metals stocks. Indeed, the stronger Canadian dollar is probably reflecting higher commodity prices, especially copper and nickel. The i…
Editorial Uranium improving the quality of life
Ontario Hydro is proud of its nuclear reactors, and rightfully so. More than one-third of the province’s power is generated by nuclear fuel at a cost that is probably the cheapest in the world. Nuclea…
Metalore loses appeal of Ontex Res. decision
There may be a long way to go, but Ontex Resources has won the first round in a court battle to regain the Brookbank gold property near Beardmore, Ont. from Metalore Resources. Ontex says Justice D.H…