Alberta Stock Exchange Jascan big draw
While a drop in gold bullion prices has forced Canadian gold issues to swallow some temporary losses, Alberta investors appear to be betting on the price of silver. That appears to explain why Jascan …
Articles by Northern Miner Staff
Barexor, Hughes-Lang set to resume work at Barraute property
Work on the Barraute property in northwestern Quebec is to resume, Barexor Minerals reports. The Hughes-Lang group, project operator, through Arbor Resources and Kangeld Resources, plans a $4-million …
Rouyn, Lac plan new shaft for Francoeur gold property
The sinking of a 3-compartment, 2,500-ft shaft for an advanced stage of exploration and development of the Francoeur property near Rouyn-Noranda, Que., has been announced by Rouyn Mining Resources. Th…
Metal Prices FUTURES PRICES (October 19, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct. 86.25 86.25 85.70 + 2.60 Dec. 86.15 84.50 85.25 + 2.25 Mar. …
News in Brief (October 19, 1987)
Ekaton Industries reports it has raised $2,040,000 through sale of 1.2 million shares of Ekaton, at $1.70 per share, to Tap Mineral Management. Ekaton says the funds will be expended on the company’s …
Joint venture for Valley View
Valley View Gold Mines (formerly Cornucopia Gold Mines) reports it has an agreement with East West Resources for a joint venture to develop the Clementine mine northwest of Phoenix, Ariz. Under the ag…
Correction (October 19, 1987)
A story concerning companies controlled by Murray Pezim, in our Oct 12 issue, mistakenly referred to an adit being driven on the Pacquet Harbour group of claims on the Baie Verte Peninsula, Nfld. The …
Parquet to raise $5 million to finance gold projects
Parquet Resources of Toronto will raise between $1.7 million and $5 million from a flow-though share issue to finance continuing work at the company’s gold properties in Val d’Or, Que. and Beardmore, …
Bateman Bay
Bateman Bay Mining reports it has raised $150,000 through a private placement, which will be used to provide working capital for company operations. The private placement covers acquisition by the inv…
Metal Prices FREE MARKET London Metal Exchange (October 19, 1987)
Spot closing prices in Pound Sterling per tonne Date Oct. 13 Oct. 12 Oct.9 Oct. 8 Oct. 7 Copper 1199-1201 1202-1203 1185-1186 N/A 1169 -1170 Lead 369-371 367-36…
Planning success in Yellowknife to be used by Giant in Timmins
It is amazing what good planning can do for a mine. Thanks to a new ramp, being driven this year by Giant Yellowknife Mines (the operating arm of parent Pamour Inc.) to connect all levels in the big 1…
Stock dividends (October 19, 1987)
Associated Porcupine Mines has declared a stock dividend of one common share of Tanager Resources (formerly 716206 Ontario Ltd., a wholly-owned subsidiary of Associated Porcupine Mines, for each commo…