News in Brief (March 28, 1988)
Charlim Explorations has changed its transfer agent to Guaranty Trust Co.
Articles by Northern Miner Staff
Investment Comment Earlier acquisitions pay off for Echo Bay
An aggressive acquisition policy appears to be paying off for Edmonton-based Echo Bay Mines. After paying Tenneco Inc. $130 million in late 1986 for a number of precious metal properties in the United…
HBM&S turns profit in ’87
Net income of $39.3 million on revenues of $342.6 million was reported by Hudson Bay Mining and Smelting in 1987, compared to a net loss of $20.2 million on revenues of $291.2 million in 1986. Preside…
Metal Prices FUTURES PRICES (March 28, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar 104.00 102.80 103.40 + 2.30 May 97.20…
Letters to the Editor Flow-through shares
In regard to flow-through shares and the great impact they have had on the Prospectors and Developers Association’s recent convention, I wish to state that the reason I refused to join the Flow-Throug…
Hubert Lake revival slowed
Revival of the mining company Hubert Lake Ungava Nickel Mines is taking longer than expected. President Lloyd Beatty of Calgary had hoped to have the Quebec cease-trading order on the company lifted t…
Pacific Minesearch boosts interest in Howie gold bet
Pacific Minesearch has increased its potential ownership in the Howie gold project in North Carolina to 43.75% by purchasing the original 49.9% interest in the project held by Discovery West. Pacific …
Cassiar gets $25m. loan
The government of British Columbia has agreed to loan Cassiar Mining up to $25 million to develop its McDame asbestos deposit near Cassiar, B.C. Because of its difficult financial position, Cassiar Mi…
Iron Ore’s iron recovery to get a boost from CANMET
It’s expected that as a result of a new company/government technology agreement, the Iron Ore Co. of Canada, (iocc), will be able to considerably improve iron recovery from fine ore now going to taili…
Queries Sunburst President hopes for better days
I am writing to request some information on a company called Sunburst Exploration. When I last heard from them, they were involved with Soquem and Sullivan Mines in a joint venture property at Rouyn-N…
Cornucopia in gold venture with Centurion Mines, Utah
Vancouver-based Cornucopia Resources is embarking on a joint venture with Centurion Mines of Salt Lake City, Utah, at the West Tintic mining district in central Utah, Cornucopia announced recently. Lo…
Dundee/N.A. Rare drilling results
Drilling on the Vezza property located 15 miles south of Matagami, Que., continues to test the main alteration zone with significant results, partners Dundee-Palliser and North American Rare Metals re…