News in Brief (May 25, 1987)
Mark Resources recently completed its previously announced $50.3 million financing. The Calgary based company has received receipts for the final prospectus qualifying the common shares and debentures…
Articles by Northern Miner Staff
Metal snips (May 25, 1987)
Growth in China’s wire and cable sector is likely to be rapid, with copper consumption in the country expected to rise by about 60% during the next 10 years, predicts the Commodities Research Unit of …
Montreal Exchange Essor earning option
Closing up 15 cents to 85 cents on a volume of 614,600 shares this week was Essor Exploration, which is earning a 50% interest in gold property in Malartic Twp. from Black Cliff Mines. President Guy M…
Weak U.S. dollar pushes gold to near $500 mark
Hold on to your hats, gold- watchers. The price of the precious metal may be about to make a run at $500(US) per ounce. Trading in the mid-$470 range (almost $650 Cdn) at presstime, gold has seen an a…
Westfield to acquire Chilean gold property
While it will be later this month before the full details are revealed, Westfield Minerals is close to buying into a promising gold-silver property in Chile. Westfield has reached an agreement, in pri…
Alcan staging construction of new smelter
A new aluminum smelter for Chicoutimi, Que., has been announced by Alcan Aluminum, with construction to be phased in over a five-to-seven-year period. First phase of the Laterriere smelter, to be buil…
Campbell Res. shows profit in 1st quarter
A first-quarter net profit this year of $349,000 was recorded by Toronto-based Campbell Resources, compared to a loss of $4.6 million for the same period last year. Taking into account discontinued op…
Lencourt is positive on silver property
A positive feasibility study has been received by Lencourt Ltd. for the company’s silver property near Gowganda, Ont. The report concludes that the property be brought to production to yield 350,000 o…
Farady records healthy quarter
Faraday Resources of Toronto reported a net income for the first quarter of 1987, before extraordinary item, of $5.3 million (compared with $225,000 for the same period last year), and after extraordi…
COATS Trading Features (May 25, 1987)
Two of the companies involved in the Lac des Isle platinum play doubled this week. Led by TSE- listed Madeleine Mines, which reached a new high today of $11.25, Belleterre Quebec Mines rose to $1-$1.0…
Editorial “Odds” illustrations wanted
It has been quite some time since we last commented in this space on the somewhat remarkable — and certainly appreciated — flow of contributions we have had to our Odds ‘n’ Sods column, now carried …
Sonora mine in production
After a 2-year delay due to enviromental restrictions and bureaucratic red tape, the first gold bar was poured recently from Sonora Gold Corp.’s Jamestown Mine in California. Expected to produce aroun…