Alberta Stock Exchange Pelham, big trader
Another junior exploration company has fallen victim to the Oct 19 market downturn. Monte Carlo Gold Mines, which has had trouble getting the financing to explore its Aruba Island gold prospect, has f…
News
Zinc market facing an oversupply; lead benefiting from tight
A better year is forecast by Shearson Lehman Brothers for lead than for zinc. In its Annual Review of the World Lead & Zinc Industries 1987, Shearson says the zinc market is fundamentally oversupplied…
Noront, Central merger
Noront Resources and Central Crude Ltd. have agreed to merge the two companies on the basis of one Central Crude share for each five shares of Noront held. Central Crude is active in mineral explorati…
Remote high-grade nickel deposit gets second look
The boom in nickel prices will probably have little effect on development plans for the nickel deposits controlled by New Quebec Raglan Mines, President T. F. Pugsley tells The Northern Miner. Located…
Mintek, Bishop to merge
Victor Jones, president of Mintek Resources and Corby Stanley, president of Bishop Resources Development have announced approval by their respective boards of directors to amalgamate, subject to share…
Montreal listing for Armistice Res.
Toronto-based Armistice Resources was recently listed for trading (symbol aci) on the Montreal Exchange. Incorporated in Ontario in 1984, Armistice, which also trades on the Alberta Stock Exchange, wa…
REPORT FROM CALGARY Echo Bay may have a new mine
Good gold camps do not die — they just keep on living through the discovery of new mines. Such is the case of the Republic gold camp in northern Washington State, immediately south of Grand Forks, B….
Mosquito gold mine may reopen
Rising gold prices could well put Mosquito Consolidated’s Mosquito Creek gold mine near Wells, B.C., back in action. An intermittent producer since it opened in 1980, the mine was closed in 1986. The …
VSE plans to start computerized trading early in ’88
Computerized trading is coming to the Vancouver Stock Exchange early this year. The exchange started to investigate automated trading over two years ago to keep pace with rapid changes in the securiti…
Cathedral bullish on Porcher Island bet
An exploration program at Cathedral Gold Corp.’s Porcher Island property 35 miles southwest of Prince Rupert, B.C., has yielded some encouraging results. Pierre B. Lebel, president, says the recent dr…
Battle Mountain’s income soars 78%
While stressing that the figures are preliminary and unaudited, Battle Mountain Gold Co. says it expects 1987 net income to be $48 million, or 73 cents per share. That’s up 78% from the $27 million, …
Dolphin funding
Dolphin Explorations 0 3/4of Vancouver has negotiated a private placement of 109,180 flow-through shares to fund exploration work worth about $225,000 on the company’s properties. The issue price will…