Depressed nickel leads to Inco loss
For the first quarter ended Mar. 31, Inco Ltd realized a loss of $5 million or 8 cents per share. This follows the last quarter of 1986 where the company lost $6.5 million or 10 cents per share. Alt…
Articles by Northern Miner Staff
Metal Prices FREE MARKET London Metal Exchange (April 27, 1987)
Spot closing prices in Pound Sterling per tonne Date April 21 April 20 April 17 April 16 April 15 Copper 914.5-915.5 N/A N/A 924-926 915-916 Lead 398-399 N…
Gordex to convert to vat leaching
Based on results of 92 drill holes on 12.5-m spacings, reserves at Gordex Minerals’ Cape Spencer gold mine stand at one million tons grading 0.057 oz gold per ton. Located northeast of Saint John, N.B…
Net asset value up 57% for BGR
The net asset value of BGR Precious Metals for the year ended Jan 31 was $81 million, an increase of 57% from last year, President Ned Goodman reports. Of that total, $14.3 million represents the addi…
A reason behind El Paraiso’s movements
I rely on The Northern Miner to tell me why stocks have jumped up rapidly. I have a number of shares of El Paraiso Resources, a junior penny stock that has steadily moved up from 14 cents this year. …
Newfields arranges private placement
Newfields Minerals of Vancouver has arranged a private placement with S.I.C. Properties whereby Newfields will issue 2.5 million common shares to S.I.C. at $3 per share. A finder’s fee of $405,000 is …
Books Mine design in high-stress rock
A. A. Balkema Publishers of the Netherlands has published the proceedings of the 9th Plenary Scientific Session of the International Bureau of Strata Mechanics, held in Varna, Bulgaria, June 18-21, 19…
Report from Calgary More exploration for Chu Chua
Exploration will continue on the Chu Chua copper property, north of Kamloops, B.C., during 1987. Under an agreement Corporation Falconbridge Copper has an option on the property from Pacific Cassiar a…
Pronto drilling at Solomon Pillars
A $200,000 drilling program has been completed by Toronto-listed Pronto Explorations on Inco Ltd.’s Solomon Pillars property. Pronto can earn a 50% interest in the property, 40 miles west of Geraldton…
Metal Prices PRODUCER PRICES (April 27, 1987)
ALUMINUM: MW U.S. Market 64.75 cents -66.00 cents per lb. (Apr 9, 1987). ANTIMONY: New York dealer $1.10-$1.18 per lb. (Apr 9, 1987). BISMUTH: New York dealer $2.50-$2.70 per lb. (Feb 26, 1987). CADMI…
Northair “will oppose” Nor-Quest takeover offer
Saber rattling sometimes occurs before outright war but the big guns are firing already in a proposed takeover offer for Northair Mines by Nanaimo-based Nor-Quest Resources. Incensed by an offer which…
Platinova enters into three deals
Platinova Resources, a private company and a subsidiary of Toronto-listed Black Hawk Mining, has entered into three separate agreements on three of its properties. The first is with Cominco Ltd. on th…