Metal Prices FUTURES PRICES (August 17, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug. — — 79.60 + 0.55 Sept. 79.45 78.60 79.40 + 1.05 D…
News
The Editorial Page South African strike
Now slipping dangerously onto centre stage in an increasingly troubled world are the striking black South African gold miners. It’s an explosive situation in that already politically torn and divide…
News in Brief (August 17, 1987)
Glory Explorations has changed its name to National Fuelcorp (NLF:VSE) on a basis of one new share for 3 1/2 old shares.
Brunswick Mining has second quarter earnings rebound
In comparison with the same period last year, Brunswick Mining and Smelting Corp. has reported a dramatic turnaround in its earnings position for the six months ended June 30. The company recently rep…
Cogema Canada acquires interest in Amok Ltd.
A 75% interest in Saskatoon- based Amok Ltd. has been acquired by Cogema Canada, a wholly-owned subsidiary of Cogema of Paris, France. Amok was 38% owned by the French Cogema parent and 37% by a Gogem…
Overwhelming approval of Placer-Dome merger
Placer Dome Inc, is a now a reality, and becomes North America’s biggest gold producer. Shareholders at Aug 12 meetings in Toronto and Vancouver gave overwhelming assent to the merger of Placer Develo…
Terra and White Lightning exploring in Kootenays
Terra Mines has reported a net loss of $79,000 for the 1987 second quarter compared with a loss of $109,000 during the same period last year. The company also reported a net loss of $120,000 on revenu…
Ramp expansion at Gwillim
Greenstone Resources says a partially developed ramp at its Gwillim gold property in the Chibougamau area of Quebec will be expanded and a program of exploration drifting carried out. President Ian Pa…
Abcourt makes financing deal
A joint venture has been signed between Abcourt Mines and Gestion Consulta of Val d’Or whereby the latter has undertaken to raise $7 million in two stages during the next two years for exploration wor…
Sweany finds high grade at Beardmore gold camp
Diamond drilling at Sweany Gold’s joint venture project in the Beardmore camp north of Thunder Bay, Ont., has encountered interesting gold mineralization on two of its properties. At the A. E. Hopkins…
Wescap/Coulson pact
Wescap Enterprises says it has an agreement with Coulson Exploration for the latter to earn up to a 50% interest in a group of claims held by Wescap in Sandra, Irwin, Walters and Dorothea twps., near …
Maufort encouraged by drill results
A continued gold-bearing structure 141 ft in width has been intersected by drilling at a vertical depth of 1,400 ft at the Siscoe Extension project in northwestern Quebec, Maufort Resources reports. H…