Breakwater buys into Noramco
In a deal that involves $6 million in cash and $14.8 million in shares, Breakwater Resources (TSE) will become the largest corporate shareholder in Noramco Mining (TSE). Howard Gougeon, vice-president…
News
Aur reports decrease in first half income
On schedule to begin production in September at its wholly- owned Kierens project at Val d’Or, Que., Aur Resources (TSE) of Toronto reported a drop in first half earnings. Aur reported net earnings of…
Alberta Stock Exchange Baslen trades higher
It was a case of “as you were” in Alberta as most of last week’s most active issues traded ahead of the pack on slightly lower volumes. International Baslen led the way with a 34} increase in its shar…
Glamis to boost production
With two years of life remaining at its Picacho mine in California, Glamis Gold (TSE) hopes to increase gold production to nearly five times the current rate by 1990. Property acquisitions and joint v…
Queenstake gold production may include hardrock mines
Placer gold mining operations will continue to represent Queenstake Resources’ (TSE) principal source of cash flow in the next few years. But revenues from hardrock production could also figure promin…
Drilling for diamonds encourages Glencairn
Glencairn Explorations (ASE) has received encouraging results from a diamond exploration program in Brazil. The company is funding a $213,000(US) exploration effort on the Feijao Cru placer diamond pr…
Editorial Exporti9ng gold to cut the U.S. trade deficit
A better-than-expected further decline in the United States trade deficit has brought euphoria into North America’s leading financial districts. The April figure of $9.89 billion compared to March’s $…
metal Prices FUTURES PRICES
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US} per lb.) Jun 109.00 108.50 108.50 — 3.00 Jul 106.80 102.90 …
New discoveries needed soon in base metals sector
More favorable times have returned for base-metal mining companies, which are enjoying strong commodity prices, but concern about future supplies of the metals seems to be an issue that won’t go away….
Reading the annual report – an investor’s guide
What is past is prologue. -William Shakespeare Chances are the Bard never had to write an annual report, yet the above aphorism serves as an reasonable explanation as to why this most widely read of …
Exploration the only answer to dwindling reserves
From a speech by Norman B. Keevil, Jr., president and chief executive officer of Teck Corporation, at the 1988 Mineral Outlook Conference in Ottawa. The biggest challenge facing Canada’s mining indust…
VSE, top junior resource market, still setting records
While the period since October 19 has been one of reduced volumes and lacklustre trading for the Vancouver Stock Exchange, Canada’s leading junior resource market has continued to set more records, as…