An agreement has been worked out between Toronto-based International Corona Resources and Prime Capital Corp. of Vancouver whereby Corona will acquire an approximate one-third interest in the latter. …
Metal miners are constantly looking over their shoulders for the men (or women) who may come up with still another substitute for metals in the world’s markets. Their apprehension is not without reaso…
The platinum market is in fundamental oversupply and is set to stay that way, Shearson Lehman Brothers reports in its Annual Review of the World Platinum Industry 1987. Although demand for industrial,…
Diversification has always paid off well for Teck Corp. and the sharply higher profits show 1987 to be no exception. Gold takes the front seat this year, boosting net earnings to $33.6 million on reve…
When Canadian Pacific Enterprises sold its control position in Cominco Ltd. to a consortium headed by Teck Corp., employees of both mining companies greeted the news with considerable apprehension. “W…
A $2-$3-million diamond drill program is scheduled to begin in early January on Petromet Resources’ Fifteen Mile Stream gold property in Nova Scotia. The program’s objective will be to increase the cu…
A plan to reduce unit costs at its Globe, Ariz., facility by increasing leach-solvent extraction copper production by 25% has been announced by Inspiration Consolidated Copper, a subsidiary of Inspira…
MFC Mining Finance Corp. and Pioneer Metals Corp. have entered into an agreement with Hecla Mining which will see mfc and Pioneer process ore from Hecla’s Yellow Pine gold property in Idaho. Processin…
Contrary to what was written in The Northern Miner’s issue of Dec 14, (`Beep Mat’ put in the spotlight by new exploration company) there are today less than a dozen geologists and/or prospectors who h…
Revenues and earnings of Granges Exploration are running at record levels, with operating profit for the nine months to Sept 30 of $4,621,037 and net of $1,357,078 or 9 cents per share on sales of $1…
On the basis of exploration results obtained this fall, Taywin Resources plans further tests on several targets at its Electrum gold-silver prospect on Vancouver Island. Taywin has a 55% interest in t…
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Dec. 15 Dec. 14 Dec. 11 Dec. 10 Dec. 9 Copper 1553-1558 1570-1580 1518-1522 1432-1433 1465-1470 Lead …
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