Not enough platinum to meet demand
Demand for platinum in 1987 exceeded 3 million oz for the first time, international metals company Johnson Matthey reports in its publication Platinum 1988. On the other hand, there was a shortfall in…
News
Obituary (June 27, 1988)
R. Anthony (Tony) Barker, who was in charge of AMAX’s Canadian exploration activities during the late 1950s and 1960s, died recently in an automobile accident in Portugal. Born in Vancouver in 1924, B…
U.S. REPORT Progress toward amalgamation of Crown, Gold Texas
Negotiations are progressing towards an amalgamation of Crown Resource Corp. (NASDAQ), Gold Texas Resources (VSE), and Gold Capital Corp. (Spokane). Specific details of the merger are pending awaiting…
Standard Trustco deal makes Roman Corp. holdings leaner
After deciding that it can’t be all things to all analysts, Toronto-based Roman Corp. (TSE) has emerged in 1988 as a much leaner holding company. In 1987, the company’s consolidated earnings before ex…
High grade gold at Dome Mountain
Underground sampling and drilling on the Dome Mountain property has returned high grade gold values, Teeshin Resources (VSE) reports. Located near Smithers, B.C., the Dome Mountain project is owned by…
Falcombridge offers dividend in issuer bid
At presstime for this issue, Falconbridge Ltd.(TSE) Chairman William James told The Northern Miner he was confident the company would get a quick ruling from the Ontario Securities Commission on a Fal…
EDITORIAL Study of the sun, deep in a mine
Inco Ltd. is doing some mine development work from which it will never make a cent. And it doesn’t expect to. Purely in the interests of science, the giant nickel company is enlarging and preparing …
NovaGold cuts wide zone in U.S.
Toronto-listed NovaGold Resources reports intersecting 11.9 ft of gold mineralization grading 0.407 oz gold per ton on the Summit property in New Mexico. The intersection was part of a larger 91.9-ft …
Rio beefing up exploration role
Backed by the financial muscle of its England-based parent company, Rio Algom Ltd. (TSE) of Toronto is back in the exploration business. While company executives have declined to be specific about Rio…
McChip Resources close to earning property interest
Shareholders of McChip Resources (TSE) were told at the recent annual meeting the company is close to acquiring its 50% interest in 72 claims located east of Timmins, Ont., in Stock, Macklem and Germa…
New zinc reserves released at Noble Peak’s Crypto bet
With over $5 million in its treasury, Noble Peak Resources (ASE) says it is making progress with a number of exploration programs in the Northwest Territories. Due to a revision of the flow- through f…
Toronto Stock Exchange (June 27, 1988)
A rush by investors to catch a piece of the summer rally added another 27.02 pts to the composite index today, pushing it to a new post-October 19th high. For the week, the index has gained more than …