Bema completes Abo takeover
The takeover of Abo Resources by Bema International has received regulatory approval. The two are joint venture partners with Kerr Addison Mines in the Harrison Lake gold project 60 miles east of Vanc…
News
Metal Prices FREE MARKET (March 21, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 15 Mar. 14 Mar. 11 Mar. 10 Mar. 9 Copper 1251-1252 1301-1303 1305-1307 1302-1304 …
Queries Armistice committed at Larder Lake
As a shareholder of Armistice Resources, I am writing to ask for some information on this company. I am particularly interested in Armistice’s Larder Lake property and I would also like to know if Arm…
Colony incurs loss
A net loss of $12,000 is reported by Colony Pacific Explorations for the year ended Oct 31, 1987. This compares to a loss of $503,000 the year before. Operating income was $39,000 on revenues of $318,…
La Sarre on ME
A Rouyn-Noranda, Que., junior mining company, La Sarre Mining Exploration, was recently listed for trading on the Montreal Exchange (symbol lsa). La Sarre was incorporated in August, 1986. It has inte…
727547 Ontario, trustee acquire Citadel shares
727547 Ontario Ltd., Dwight A. Fowler (as trustee) and Prairie Pacific Energy Corp. have entered into an agreement pursuant to which 727547 and Fowler will acquire from Prairie Pacific: * 550,000 comm…
Metal Prices PRODUCER PRICES (March 21, 1988)
ALUMINUM: MW U.S. Market $1.025-$1.06 per lb. (Mar 3, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (Feb 18, 1988). CADMIUM: New Yor…
Negotiations still for Falconbridge
Falconbridge Ltd. has discounted a press report that a settlement has been reached in the company’s dispute with the government of the Dominican Republic, over an export duty imposed by that governmen…
Ridgeway gold mine looms for BP Minerals, Galactic
The Ridgeway gold mine, owned 52% by BP Minerals America and 48% by Galactic Resources will start tuneup operations by the fourth quarter of this year. The 15,000-ton-per-day mine, located 25 miles no…
Pickens backs out of Homestake deal
Texas oilman T. Boone Pickens and his Mesa Ltd. Partnership recently withdrew a $1.88-billion takover bid for San Francisco-based Homestake Mining Co. On March 7, the Homestake board of directors unan…
Pamorex/Highwood N.W.T. drill results
Results are encouraging from the first five holes drilled by Pamorex Minerals (60%) and Highwood Resources (40%) on the Regan Lake gold prospect southeast of Lupin Lake, N.W.T. The best intersections …
Pacific Trans Ocean secures gold loan for Ketza project
An $8.8-million(US) gold loan has been arranged by Pacific Trans Ocean Resources through Lloyds Bank plc of New York. The proceeds will be used to retire short term credit facilities and for preproduc…