Noranda/Matachewan plan joint program
Noranda Exploration Co. (Norex) has signed a letter of intent with Matachewan Consolidated Mines regarding its property along the Destor Fault. Norex has agreed, subject to a more formal agreement, to…
News
CSA net earnings
CSA Management Ltd., which manages several goldfunds, realized net earnings of $970,370 or 35 cents per share for the 9-month period ended Dec 31. This compares to earnings of $2.57 million or $1.17 …
Placer Dome winds up year with 68% increase in profits
Winding up a profitable year, Placer Dome had 68% higher earnings in 1987, as well as three new gold mines coming into production. Net profits rose to $158.2 million or 73 cents per share, up from $9…
News in Brief (March 14, 1988)
Valhalla Energy Corp. has changed its name to The Valhalla Gold Group Corp. (vgg:vse) on a share-for- share basis.
Platinova makes deal
An agreement has been signed between Platinova Resources and Mount Estelle Resources, a private company. The deal allows Mount Estelle to share equally in Platinova’s interest in a gold project joint …
Metal Prices FUTURES PRICES (March 14, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar 103.60 98.00 99.50 + 6.40 May 95.30 90.2…
INSIDER TRADES (March 14, 1988)
Altex — W. Bell bought 30,300 to hold 1,758,550. Barron Hunter Hargrave — J. Hargrave sold 18,000 to hold 4,914,200. Carolin — J. Berns sold 53,500 to hold 2,726,212. Comet Expl — Krater Minerals …
People (March 14, 1988)
American Mining Congress — Harry Conger re-elected for a third one-year term as chairman of the board of directors and a 3-year term on the board.
Argus to move drilling rig after poor Esker Lake result
If a flurry of market activity can be construed as an indication of success, Alberta-listed Argus Resources seems to be on to something at its Esker Lake gold property east of Contwoyto Lake in the No…
Beaufield/Falco hit intersections at Lac Rouleau
Falconbridge Inc. has drilled several more mineralized intersections on the Lac Rouleau property, held under option by Beaufield Resources. The Lac Rouleau property is located in northern Quebec. The …
Proteus gold discovery
Drilling by Proteus Resources, an affiliate of Silverside Resources, has intersected a new mineralized zone on the company’s Garrison property. Located in Garrison Twp., Ont., the property is subject …
Computer conference shows Canadians’ lead
It’s called the first Canadian Conference on Computer Applications in the Mineral Industry, but it’s actually an international first. And, according to one of the organizers, the event shows that Cana…