Record value in ’87 for Ont. minerals
The total value of minerals produced in Ontario in 1987 was estimated to be $5.7 billion, the highest such value recorded by the province and up 17.2% from 1986. According to Ontario Mineral Score 198…
News
Parquet seeking project partner
Joint venture proposals are being reviewed by Parquet Resources (TSE) for exploration work at its Courville Twp. gold property near Val d’Or, Que. President William Plexman says funds are being sought…
Inco earmarks $10 million for Wilanour work
Inco Gold, the wholly-owned affiliate of Inco Ltd. (TSE), is planning an $8-$10-million underground exploration program on the Wilanour gold property near Red Lake, Ont. Inco Gold is the operator of t…
Que. mineral value jumps 24% in 1987
Mineral shipments in Quebec in 1987 were worth $2.71 billion, up 24% compared with the previous year, the province’s Ministry of Energy and Resources reports in its publication Mineral Resources. Expl…
Antimony sales help boost coffers of Dominion Explorers
Sales of antimony from its New Brunswick mine helped Dominion Explorers (TSE) record net income of $1.14 million (3 cents per share) in 1987 compared to a loss of $712,848 (3 cents per share) the ye…
Metal Prices FUTURES PRICES (July 11, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul 102.50 100.30 100.50 — 4.90 Sep 97.00 94.30 9…
FINANCING (July 11, 1988)
ONTARIO Chester — final rec iss offer 600,000 @ 80 cents per sh to net $240,000. RELEASED FROM ESCROW Sharpe — 185,000 shs released. VANCOUVER Accura — 500,000 sold for gross $175,000. Goldrite –…
More gold reported on Skylark claims
Vancouver-based Skylark Resources (VSE) has encountered some more gold showings during sampling at its Finlay River project in British Columbia’s Toodoggone gold camp. The Finlay River project is part…
Investment Comment Golden Giant a boon to Hemlo Gold
When it was revealed recently that stock promoter Charles Stuart will test Ontario’s Mining Act after restaking 148 claims in the Hemlo, Ont., gold belt, the reponse from the mining industry was mixed…
Newmont plans fourth mill at Carlin area properties
Construction of a fourth mill at Newmont Gold’s Carlin area properties in Nevada will cost the company about $61 million(US). The plant, which is part of a $420-million expansion program announced las…
Gunnar, Pan East, Mill City on Fifteen Mile Creek bet
Wayne Benham of MPH Consulting reported on the Fifteen Mile Stream property of Calgary-based Pan East Resources (ASE). Gunnar Gold (TSE) and Mill City Gold also of Calgary, have the right to earn a 37…
Kewagama funding (July 11, 1988)
A flow-through financing between ME-listed Kewagama Gold Mines (Quebec) and Sofimines 1987 and Co., Ltd. Partnership has been completed, with Kewagama rec eiving $212,911.72 in exchange for 218,370 sh…