Better to explore Fording holdings
An agreement has been reached between Better Resources and Fording Coal which will allow the former to explore Fording’s uncommitted base metal mineral holdings in the Mt. Washington area on Vancouver…
Articles by Northern Miner Staff
Mark converts preferred shares
Toronto-listed Mark Resources says its 303,263 series A preferred shares have been converted into common shares on the basis of two- thirds of one common share for each Series A preferred share. No fr…
Metal Prices PRODUCER PRICES (May 18, 1987)
ALUMINUM: MW U.S. Market 66.50 cents -69.00 cents per lb. (May 7, 1987). ANTIMONY: New York dealer $1.17-$1.22 per lb. (May 7, 1987). BISMUTH: New York dealer $2.90-$3.00 per lb. (Apr 30, 1987). CADMI…
Research grants
Some 89 studies in geology and geophysics will be supported under research grants totalling $1.39 million in 1987-1988, from the federal Department of Energy Mines and Resources. The department’s rese…
News in Brief (May 18, 1987)
For the three months ended March 31, SherrGold Inc. posted a net loss of $2.9 million or 28 cents per share, up from a net loss of $440,000 or 4 cents per share posted in the first quarter of 1986.
Good first quarter for Belmoral; new open pit project is planned
Everything seems to be coming up roses for Belmoral Mines. The Toronto-based resource company, which turned an annual profit for the first time in 1986, reports a first- quarter net income this year o…
Bitech signs deal with Greenstone
Alberta-listed Bitech Energy Resources and a wholly-owned subsidiary of Vancouver-listed Greenstone Resources have signed a formal joint venture agreement regarding the Tache property near Chibougamau…
Editorial Tax reform will not be delayed
It seems the suspense over Federal Finance Minister Michael Wilson’s tax reform proposals and whether or not he will make changes in flow-through share financing will not be too prolonged after all. …
Toronto Stock Exchange Golds steams ahead over the 9,000 level
Golds picked up steam this week thanks to that on-again off-again U.S. dollar. An advance of 336.44 pts pushed the gold and silver index back above the 9,000 level to 9,233.24. On commodity markets go…
Atlantic Report New N.S. company into gold action
Scotia Prime Resources, a new Halifax-based company that is entering the Nova Scotia gold play, has acquired several properties with gold potential in the Meguma Group of rocks. Among them are former …
Silver production a go at Hellens- Eplett mine
Way back in late 1979, Toronto- listed Silverside Resources started working a high grade silver prospect in the famed Cobalt area of Ontario. Now eight years and about $5.5 million later, the company …
Beaver lists on TSE
The shares of Vancouver-based Beaver Resources were posted for trading on the Toronto Stock Exchange under the stock symbol “bgi” effective April 27. The original listing is in the mining category for…