Alberta Stock Exchange Del Rio diversifies
After weathering the October stock market debacle with its share price relatively unscathed, Calgary- based Del Rio Resources seems to be gaining some momentum again. The issue was up $1.38 to close a…
News
Redpath marks 25th anniversary
One of North America’s largest mining contractors and consulting engineers, J. S. Redpath, North Bay, Ont., recently celebrated a quarter century of service to the mining industry. In Canada alone, th…
Sydney crash batters stocks but Bain & Co. undeterred
If you think North American markets have been battered, take a look at the Sydney Stock Exchange where share values have depreciated by almost 50% or about $100 billion since the Oct 19 market crash. …
Novamin’s fiscal year-end to correspond to Breakwater
Following the recent takeover of Novamin Inc. by Vancouver-based Breakwater Resources, the former company has set a new date to end its taxation year. Before the takeover, Novamin’s fiscal year-end wa…
Montreal Exchange MSV among movers
Gains early in the week gave way to negative values on the Montreal Exchange, where light trading volumes continue to be the order of the day. The mining and minerals index managed to close ahead on t…
Queries Assets of Corona Mines acquired in 1930
Would you please provide some information on the current status of Corona Mines Ltd. As a holder of a Corona stock certificate dated Feb 24, 1928, I wonder if it’s worth anything? N.W. Elliot Lake, O…
Monte Carlo, Kidd Res plan amalgamation
An amalgamation proposal has been announced by Monte Carlo Resources and Kidd Resources. Both companies share the same management. The amalgamation must be approved by Kidd shareholders at a meeting s…
Visible gold found at Radcliffe’s North Lake
As Radcliffe Resources prepares to drill the fifth of a 10-hole program at its wholly-owned North Lake property 25 miles north of La Ronge, Sask., the company says it has encountered visible gold. Vic…
Prices, investment gains aid Placer Dome profit
Higher gold prices and recent gains from investments boosted Placer Dome’s earnings for the first nine months of 1987 to $184.6 million or 35 cents per share, on revenues of $603.1 million. This is u…
Metal Prices (November 23, 1987)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Nov. 17 Nov. 16 Nov. 13 Nov. 12 Nov. 11 Copper 1412-1413 1450-1460 N/A 1355-1365 1465-1…
Equinox results from Muskox bet
Partial results have been released from a recent exploration program at the Muskox property in the Northwest Territories. The property is the subject of a joint venture agreement between Equinox Resou…
Minerals play a vital role in society
Neither mining executives nor media personnel are entirely happy with their relationship. Mining men feel that much of the coverage of their industry is unfair or inaccurate or both. They believe the …