U.S. Platinum relocates refinery
One of the few North American companies collecting and refining platinum group metals, U.S. Platinum has moved its refinery from Golden to Denver, Colo. Relocating and streamlining the refinery operat…
News
Metal Prices FUTURES PRICES (February 22, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb 108.75 108.00 108.55 + 6.55 Mar 106.75 …
Profitable year reported at tame Corona meeting
What a difference a year makes. This year’s annual meeting of International Corona Resources bore no resemblance to the raucous 1987 version at which Murray Pezim, then vice-chairman, stormed out in d…
11 drills on Tandem projects
An example of the momentum flow-through financing is giving to mineral exploration in this country is that of Tandem Resources, a junior company which, with various part ners, has 11 drill rigs at wor…
Canacord selling 9.9% Premier gold interest
Montreal-based Canacord Re- sources says it is planning to deal its 9.9% interest in the Premier gold project north of Stewart, B.C., to Pioneer Metals. Westmin Resources has the right of first refusa…
Invest Comment Report studies effect of gold slide
As the mining industry wakes up to a sub-$445(US)-per-oz gold price, investors may be wondering what effect this will have on their favorite gold stocks. Since many of Canada’s junior and senior gold …
Montreal Exchange St. Genevieve on move
Montreal-based St. Genevieve Resources, in a buying mood last year when it acquired a significant shareholding in Louvem Mines, now says it is seeking to purchase the outstanding balance of Louvem sha…
Torene-Exxeter
Torene Gold Exploration of Halifax, N.S. has teamed up with coats-listed Exxeter Resources Corp. to explore for gold on three properties in Nevada. The properties include the former-producing Justice …
Northgate takes control of Campbell Resources
Just three months after Northgate Exploration sold its Chibougamau, Que., gold/copper mines to Australia-based Western Mining Corp., the Toronto company has bought itself back into its old stomping gr…
Vitality of Canadian mining depends on flow through
The vitality of Canada’s exploration and mining industry depends heavily on the preservation of flow- through financing in a viable form. The tax reform measures announced by Finance Minister Michael …
In the black, Royex plans more exploration activity
Solid financially after recording a profitable year in fiscal 1987, Royex Gold Mining is planning to beef up its exploration side and that of its associated companies. Addressing the topic of explorat…
Master rehabilitating Hunter mine, Timmins
Water from the 75-year-old Hunter mine near Timmins, Ont., has been pumped down to the first level. Sheathing is being installed on new surface buildings and drifting should begin underground in early…