HBMS buying Ruttan mine from Sherritt
The Ruttan mine at Leaf Rapids, Man., is being acquired by Hudson Bay Mining and Smelting from Sherritt Gordon Mines in a deal that is expected to be concluded by July 15. Hudson Bay Mining, a subsidi…
The Ruttan mine at Leaf Rapids, Man., is being acquired by Hudson Bay Mining and Smelting from Sherritt Gordon Mines in a deal that is expected to be concluded by July 15. Hudson Bay Mining, a subsidi…
Recent drilling results from its Northwest Territories’ Tundra gold property makes Getty Resources an emerging junior gold stock which could soon produce 100,000 to 200,000 oz of gold annually. That’s…
Moneta Porcupine Mines has purchased 92 claims near Timmins, Ont., from Labrador Mining and Exploration. A majority of the claims (49) are in Tisdale Twp. Others are scattered across Shaw, Mountjoy, D…
The goal of Abermin Corp. is to become a “major mining company by 1995,” Roger P. Taylor, president, told the annual meeting. He said the Tartan Lake project in northern Manitoba (N.M., June 8/87) “wo…
After a burst of activity in recent weeks, some of Alberta’s most active precious metal stocks took a well earned breather. At least that’s how it looked after recent movers like Suffolk Resources and…
Its joint-venture agreement terminated on the Bateman Twp. project at Red Lake, Ont., McFinley Red Lake Mines now holds a 100% interest in the property. McFinley, which had a 50% interest in the proje…
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) June 68.95 68.95 68.90 — 1.90 July…
There’s no doubt about it. Michael Wilson’s white paper on tax reform proved something of a blow to the mining industry in that it watered down flow-through share financing for mineral exploration. Wh…
In investment circles there’s a well-known adage which states that a good deal helps to sell a deal. In a bid to get the financing for its recent Queenston Gold Mine acquisition, Hugh Harbinson, presi…
An underground examination of the Preston Olive mine property near Fort Frances, Ont., has been completed by partners Noront Resources and HSK Minerals. The program confirmed the presence of two miner…
Low inventory levels and a weak U.S. dollar are preventing a summer slowdown in base metals markets, and in precious metals the sideways action is a positive action, First Marathon Securities says in …
M. A. Hanna Company — Garth W. Henry elected vice-president and comptroller.
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