Lac pursuing out-of-court settlement
While Lac Minerals (TSE) and International Corona Resources (TSE) have been fighting in court over ownership of the Williams gold mine in northern Ontario, the two sides have also been talking to each…
News
Onitap, Orex deal
A formal agreement has been completed between Onitap Resources (TSE) and Exploration Orex (ME) which gives Orex the right to earn a 50% interest in Onitap’s Goldboro property in Nova Scotia. Orex can …
N.W.T. gold production could leap to 580,000 oz
Two years from now, gold production from the Northwest Territories could be 50% higher than the 379,706 oz poured in 1987. The sudden increase hinges on plans by Neptune Resources Corp. (TSE) to build…
La Sarre sued
La Sarre Mining Exploration (ME) of Rouyn-Noranda, Que., reports it is being sued by a private landlord for $305,806 for alleged damage to trees during an exploration program on La Sarre property in n…
Amir, Glamis drill California gold bet
A 10,000-ft drill program completed by Glamis Gold (VSE) and Amir Mines (VSE) on lands they are joint venturing in Imperial Cty., Calif., has resulted in discovery of a new gold deposit, Amir Presiden…
Metal Prices PRODUCER PRICES (April 25, 1988)
ALUMINUM: MW U.S. Market $1.11-$1.21 per lb. (Apr 7, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.70-$5.85 per lb. (Mar 24, 1988). CADMIUM: New York…
Metal mining tax peculiarities (1)
Oh, how we hate to pay taxes. Even so, some taxes make us angrier than others. Revolutionary changes took place in the taxation of the mining industry in Canada in 1973 and 1974 and the effects are st…
Metal Prices PRODUCER PRICES (April 18, 1988)
ALUMINUM: MW U.S. Market $1.11-$1.21 per lb. (Apr 7, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.70-$5.85 per lb. (Mar 24, 1988). CADMIUM: New York…
Conwest, Faraday, MRI report healthy earnings
Three related companies in the energy and mineral resources industries reported healthy profits for 1987. Conwest Exploration (TSE) recorded net income of $33.9 million ($3.01 per share) compared with…
Letters to the Editor Cutting gold assays
Regarding the letter from Dennis Fairbairn: It’s senseless to cut gold assays, March 28. It is with interest that I have read the shareholder’s point of view on the classical problem of “cutting” gold…
COATS Trading Features (April 18, 1988)
Trading in Findore Minerals enabled the issue to top the volume list this week. More than 177,000 shares were traded to a high of 75 cents . Drilling on the company’s property in Garrison Twp., Ont., …
Power estimates 2.9 million tons at Kasagiminnis
Power Explorations(TSE) says preliminary calculations for its Kasagiminnis Lake property in the Pickle Lake area of northwestern Ontario indicate 2,866,000 tons of mineral reserves grading 0.14 oz gol…