Metal Prices PRODUCER PRICES (May 23, 1988)
ALUMINUM: MW U.S. Market $1.08-$1.11 per lb. (May 5, 1988). ANTIMONY: New York dealer $1.08-$1.13 per lb. (Apr 14, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (May 5, 1988). CADMIUM: New York …
News
Kerr spurns acquisitions in favor of development
In a bid to expand its existing assets to at least six operating mines, Kerr Addison Mines (TSE) of Toronto is planning to spend $70 million over the next two years on an ambitious development program…
Starrex recovers mine investment
All capital investments of Starrex Mining (TSE) in the Star Lake gold mine in northern Saskatchewan have been recovered and a 35% participating interest has reverted to Starrex, the company reports. S…
Acadia/Hecla deal signed
An agreement between Toronto- listed Acadia Mineral Ventures and the Canadian subsidiary of Idaho- based Hecla Mining was signed this week. Over the next three years, the agreement could give Acadia a…
Queries Kodiak no longer at Copperkettle Creek
It is my understanding that there is a lot of prospecting going on in the Copperkettle Creek area near Greenwood, B.C. As a former shareholder in Kodiak Minerals, I would like to know whether Kodiak…
Correction (May 23, 1988)
A story in the May 9 issue describing the Simkar gold project near Val d’Or, Que. failed to mention the company which holds the ground in which Ronrico Explorations has earned a 25% interest. The pro…
Muscocho revises Echo Bay deal
In a revised agreement with the Muscocho Group of companies, Edmonton-based Echo Bay Mines (TSE) will pay a premium to gain a major foothold in the eastern Canadian gold industry. But a piece of fine …
Equity Silver moves solidly into the black
Moving solidly into the black this quarter was Equity Silver Mines (TSE) which posted a profit of $1.1 million or 3 cents per share compared to a loss of $1.7 million or 7 cents per share last year. …
Tax angles More on the new exploration incentives
On May 3, 1988, Finance Minister Michael Wilson and Minister of Energy, Mines and Resources Marcel Masse announced measures to maintain the effectiveness of flow- through share financing for explorati…
Toronto Stock Exchange Rate fears depress composite below 3,200 pts
Another selloff hammered the Toronto Stock Exchange today, clipping 44.71 pts from the composite index which closed at 3,178.49 pts. Sparked by interest rate fears and a general perception that the be…
Flow-through deal to fund Ego Wawa bet
Toronto-based Ego Resources (TSE) has entered a flow-through financing agreement with Tap-IV Resource Ltd. Partnership (TSE) to finance an extension of a recently completed 30,000-ft drill program at …
Metal mining tax peculiarities (2)
(Editor’s note: This column is the conclusion of a two-part review. In the first part published last month, the writer looked at the origins of mining ** taxes.) ** The cat…