Starrex earnings
Earnings for the second quarter ended June 30, totalled $1.1 million or 27 cents per share Starrex Mining Corp (TSE) reports. For the six- month period, profit totalled $1.29 million. Earnings were d…
News
Stratmin bids to open first graphite mine
Production of graphite concentrate is expected to begin by early November from Stratmin Inc.’s (ME) open pit graphite mine located 22 km south of Mont-Laurier, Que. Known as the Mont-Laurier property,…
Editorial Spending for the future
Exploration may be the lifeblood of Canada’s mining industry, but capital investment is what turns discoveries into the mines and mills that produce a marketable commodity. That’s why it is gratifying…
Alberta Gold’s Iris claims could be mined via open pit (August 29, 1988)
Edmonton-based Alberta Gold Exploration (ASE) has signed agreements worth nearly $3 million to finance exploration at the Iris joint venture in northeastern Ontario’s Harker-Holloway area, the company…
INSIDER TRADES (August 29, 1988)
Brohm — W. McClay sold 45,000 (June) to hold 583,500. Glencairn — R. Peereboom bought 100,000 (private, June, July) to hold 398,000. Highland Crow — G. A. Keevil sold 158,898 (private, Nov/87) to h…
International Curator drawn to Jualin mine
International Curator Resources (VSE) wasn’t drawn to this state by the appeal of such base metal discoveries as Cominco’s Red Dog zinc deposit. What has drawn Curator to Alaska is the old Jualin mine…
Montreal Exchange New Cambior mine
Quiet trading days prevail on the market where investors seem unable to make up their minds on what the future holds for the economy in general and interest rates and inflation in particular. The tren…
Miner shortage in Timmins area
A $1.2-million hard-rock miner training program, designed to train up to 220 miners in Northern Ontario in the coming year, doesn’t do enough to address the miner shortage in Timmins, says the general…
Win-Eldrich increases its stake in Ashdown gold bet
Toronto-based Win-Eldrich Mines (TSE) has taken a major step towards consolidating its position at the Ashdown gold property which could be in production next year. Win-Eldrich’s 100% interest in the …
Toronto Stock Echange Buying surge feflects support at 3,200 pts
Buyers stepped in today to help stop a slide which was coming close to testing the technically-important 3,200-pt level. A 37.22-pt rally today moved the composite index to 3,279.24 pts. Unfortunately…
MRI adding to oil and gas reserves
It appears that Mineral Resources International (TSE) will be adding significantly to its oil and gas reserves, thanks to an imminent $36-million takeover of Lethbridge, Alta.-based Barons Oil. The MR…
Noranda options to take over NDU
Encouraging assays have been reported by NDU Resources (VSE) for its wholly-owned Blende lead- zinc-silver-germanium property located in the Yukon. The company has drilled to a depth of almost 700 ft….