NEGOTIATIONS The Ground Rules
The Ontario Court of Appeal, in the case between Lac Minerals and International Corona Resources, has made most of the mining industry acutely aware of the concept of negotiation in mining deals. In e…
News
News in Brief (May 02, 1988)
Crew Minerals has changed its name to Asia-Pacific Resources (APQ:VSE) on a share-for-share basis.
Vancouver Stock Exchange Alotta ups nickel find
Market activity in Vancouver can only be described as lethargic and brokerage month-end has compounded matters even further. The selling out of delinquent accounts has tended to put downward pressure …
Dewatering plan seems likely at Seadrift’s Aldermac deposit
Vancouver-based Seadrift International (ASE) has released some more results from drilling on a previously unexplored area of the No 8 zone at its wholly-owned Aldermac project about nine miles west of…
Score for Alotta Nickel copper find drawing interest
After 35,000 ft of exploratory drilling and an expenditure of close to $1.5 million (via flow-through financing) in the search for copper-nickel deposits in the Lac Simard area of northwestern Quebec,…
Letters to the Editor Insult to injury
Once again the minority shareholders are receiving second-rate consideration in a mining merger. I own shares in Mascot Gold Mines because I believe that it will be an excellent, profitable mine. If t…
Metal Prices PRODUCER PRICES (May 02, 1988)
ALUMINUM: MW U.S. Market $1.085- $1.105 per lb. (Apr 14, 1988). ANTIMONY: New York dealer $1.08-$1.13 per lb. (Apr 14, 1988). BISMUTH: New York dealer $5.70-$5.85 per lb. (Mar 24, 1988). CADMIUM: New …
Tax dispute solvable: Falconbridge
A first-quarter 1988 profit of “only” $35.2 million, or 45 cents a share, could have been as much as $8 million more had it not been for the company’s troubles in the Dominican Republic, William James…
Jerome, Muscocho need reserve increase soon
With a November deadline to consider, Jerome Gold Mines (ASE) and Muscocho Explorations (TSE) are currently working against the clock to prove up enough reserves to place the old Jerome mine near Sway…
Mascot reduces debt
The bank debt for Mascot Gold Mines’ (TSE) Hedley, B.C., gold project was reduced by $10 million to $46.4 million at the end of the second quarter. During the three months ended March 31, Mascot produ…
Garrison resumes drilling at Michaud gold property
Drilling has resumed on the 40%-owned Michaud property of Garrison Creek Consolidated (COATS), about 60 miles east of Timmins, Ont., President William Harrison says. The work is being funded by The Co…
Toronto Stock Exchange Grenges slides after Tartan Lake woes made
It’s been a quiet week on the Toronto market. Gold managed to gain a couple of dollars today pushing the Gold Index up 60 points, but the overall drift has been sideways. With interest rates going up,…