Husky and SMDC to go underground
Equal partners Saskatchewan Mining Development Corp. and Husky Oil are planning an underground exploration program on their Laurel Lake gold property at Amisk Lake, Sask. Pending the results of the un…
News
Western Quebec purchases stake in mining projects
Western Quebec Mines has signed an agreement with one of its major shareholders, Valmag Inc., to purchase Valmag’s interest in two mineral properties known as the Shawkey and Shawkey South. The Shawke…
Equity Silver improves its financial position
The past year was good for Equity Silver Mines. As well as paying off its bank debt and paying dividends to shareholders for the first time, the company reports it substantially improved its financial…
Metal Prices PRODUCER PRICES (February 08, 1988)
ALUMINUM: MW U.S. Market 90.50 cents -92.00 cents per lb. (Jan 21, 1988). ANTIMONY: New York dealer $1.14-$1.18 per lb. (Jan 14, 1988). BISMUTH: New York dealer $4.75-$4.85 per lb. (Jan 14, 1988). CAD…
Placer Dome continues working Talisman bet
Placer Dome, which has acquired a large property in the Swayze area of northeastern Ontario previously held by Algoma-Talisman Minerals, plans to complete 9,200 ft of drilling this year in 19 holes. D…
COATS Trading Features (February 08, 1988)
A takeover offer for all the shares of Newfield Mines has been made by Toronto-listed Jonpol Explorations. Jonpol is offering one common share for each Newfield share. Jonpol ended the day at $1.90 wh…
Kam-Kotia selling Davis-Keays shares
Control of a company with an undeveloped copper property in northern British Columbia is being sold by Kam-Kotia Mines of Toronto to a numbered company in Vancouver. President of the numbered company …
Montreal Exchange: Prices in decline (February 08, 1988)
A falling gold price meant nothing but bad news for resource companies this week, with the mining and minerals index experiencing four consecutive days of decline, including an almost 46-pt drop one d…
Letters to the Editor Negative column?
Enclosed are copies of a couple of mvp Capital Corp.’s weekly market bulletins by Ian McAvity. Their tables reflect significant market facts for gold investors. These I never would have suspected had …
19 fatalities in 1987 prompt committee probe
After one of the worst years for mining fatalities in recent memory, a committee of mining, government and union representatives is looking at ways to make the industry more safety conscious. The Cana…
Falconbridge profit, but cloud hovers
While something of a Caribbean cloud now sits over the company, Falconbridge Ltd. last year achieved a major upturn in its fortunes, recording a profit before extraordinary items of $29.7 million, or …
Australian corporate battle spills over to Pamour board
Shareholders of Toronto-based Pamour Inc. recently elected two new members to the board of directors, but not without opposition from the two men losing their seats on the board. At a special sharehol…