Imperial finds diversification a mixed blessing
Like a good many companies with a broadly diversified asset base, Imperial Metals (TSE) has found that diversity is indeed a two edged sword. President Pierre Lebel told shareholders during the recent…
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Editorial Research teamwork
Canada’s idea generators (our universities) are actively lobbying Canada’s cash generators (our industries) in search of the financial support needed to translate academic abstractions into practical …
Lindsley shaft Falconbridge’s first in Sudbury in past decade
Falconbridge Limited (TSE) recently collared what will eventually be a 4,500-ft exploration shaft at its Lindsley base/precious metals project in the Sudbury, Ont., region. The Toronto-based nickel pr…
For Sale sign not up at Westmin
The “For Sale” sign is not out at Westmin Resources (TSE) according to a senior executive with the company. But R.H. Ostrosser, executive vice president at Westmin, told The Northern Miner that Norand…
Atlanta Gold Drilling Increases Reserves
The 1988 drilling program has significantly increased proven reserves on the Atlanta project in Idaho, says Atlanta Gold Corp. (VSE), which is curmine. The company can acquire 100% control (subject to…
Investment Comment QPX has Placer Dome’s backing
Finding a listed company that offers a combination of potential for capital gains associated with penny mining stocks and blue-chip credibility isn’t easy. Some might say it’s impossible. Other invest…
Nerco Minerals sticking with precious
Speculation that Nerco Minerals wants to get out of the precious metals business has been denied flatly by the company. A few weeks ago Nerco said it was considering the sale of interests in certain p…
Armistice prepares to deepen shaft at Virginiatown bet
With a new hoist and headframe in place and rehabilitation of the old shaft to 1,250 ft complete, Armistice Resources (ME) is forging ahead with a deep underground exploration program at its gold prop…
Montreal Exchang Two mine openings
The stock market news doesn’t seem to get any better as the summer nears an end. The Montreal Exchange experienced a downturn this past week with both the general market portfolio index and the mining…
Louvem earnings (September 12, 1988)
A net loss of $409,000 (3 cents per share) was reported by Louvem Mines (TSE) for the first half of 1988, compared to a net gain of $527,000 (4 cents per share) for the same 6-month period in 1987. Lo…
Metals Market Spot prices at a glance
Week’s Price (US) Change Gold (per oz) $427.00 + $ 0.65 Silver (per oz) $ 6.51 + $ 0.05 Platinum (per oz) $526.00 $ — Copper (per lb) $ 1.07 $ — Lead (per lb) $ 0.28 …
Black Hawk deal
Black Hawk Mining Inc. (TSE) has entered into an agreement with Lodi Metals (VSE) which gives Black Hawk the right to earn a 55% interest in Lodi’s graphite property near Smith Falls, Ont. Black Hawk …