Christmas Cheer absent amongst market traders
There was little seasonal cheer for the majority of the resource issues on The Toronto Stock Exchange this week. Sloppy, directionless trading and continuing nervousness following the Oct 19th de…
News
Musto plans to reopen Apex mine
VANCOUVER — Working to redress the problems which forced the September closure of its Apex mine near St. George, Utah, Musto Explorations hopes to reopen the gallium and germanium-producing plants in…
Correction (December 28, 1987)
In a reference to the real estate interests of Agnico-Eagle Mines carried in our Investment Comments column, it was incorrectly stated that the new arm could be liquidated immediately at a profit of $…
SherrGold has 4 drills busy at MacLellan mine property
Almost 25,000 ft of a 43,000-ft drilling program on the MacLellan mine property near Lynn Lake, Man., has been completed, SherrGold Inc. reports. Four drills are busy on the property, which hosts a pr…
Misima to give Place Dome 210,000 oz a year
VANCOUVER — Determined to maintain its position as North America’s largest gold producer, Placer Dome has announced yet another mine development — this time at its Misima gold property in Papua New …
Former employees at Gaspe Copper to get assistance
The Gaspe Copper division of Noranda Minerals at Murdochville, Que., has set up an initial fund of $1 million to help former employees at the Gaspe Copper mine dispose of their homes in Murdochville. …
PCA shareholders give nod to offer by Rio Algom
Preferred shareholders of Potash Co. of America (pca) have voted in favor of an amalgamation between their company and a wholly-owned subsidiary of Rio Algom Ltd. Rio Algom reports the preferred share…
A necessary delay
The lawsuit between International Corona Resources and Lac Minerals has developed into much more than a dispute within the mining industry. The case is now going before the Supreme Court of Canada and…
Some light in dark days
What with the fall of insider-trader Ivan Boesky, the market crash on Black Monday, and the recent release of a film, “Wall Street”, which excoriates the whole industry, it hasn’t been exactly a happy…
Uncertainty needs to be cleared up
If there was ever a time of uncertainty about financing junior minin g companies, it’s the last quarter of 1987. Did Michael Wilson’s white paper on tax reform spell the end of flow-through? Will chan…
Montreal listing for Spirit Lake
A Toronto-based junior mining company, Spirit Lake Explorations, inactive for many years prior to being revived in 1986, was recently listed for trading (symbol sel) on the Montreal Exchange. The comp…
Shareholders question Giant Bay option deal
What constitutes a fair option? That was the question on everybody’s mind at the recent Giant Bay Resources annual meeting. Indeed, most of the discussion period centred around President Claus Jensen’…