Letters to the Editor Busy at Red Lake
As a long-time resident of Red Lake, I saw large scale exploration carried out in 1945-49 when over 100 properties were being worked, with two prolific gold mines found — Campbell and Dickenson. Thes…
News
Galactic earnings
Galactic Resources reports net income of $1.8 million(US) or 7 cents per share for 1987 compared to a $25.6-million or $1.30-per-share loss a year earlier. The company’s fourth quarter net was $1.4 m…
Alberta Stock Exchange Argus big trader
The Winter Olympics may be over, but Argus Resources led the pack this week trading over 1.2 million shares in three days. Those are big numbers for an Alberta listing and they reflect continued drill…
Vancouver Stock Exchange Tone appears positive
Despite lower gold prices and a stronger Canadian dollar, there is a much more positive tone to the Vancouver market this week. Brokerage month-end, which has tended to depress stocks recently, is no …
Editorial Playing games with tax laws
Taxes are a necessary evil, the cost of living and doing business in Canada. It’s easy to complain about them until one considers the alternatives. But if taxes are a fact of life, the games that go…
Gold is down the road, Denison chairman says
Gold might help the share price of Denison Mines, but it’s not likely the company will be into the gold business for some time yet. Following the annual meeting, Chairman Stephen Roman said that the c…
B.C. Mines Minister wants to abolish mining royalties
British Columbia’s Mines Minister Jack Davis is arguing for a level playing field on taxation and freer markets for the mining industry. Speaking at the B.C. Mining Association annual meeting, Davis s…
Golden Rule expects to do record exploration work
Direct exploration costs in the 1987 fiscal year funded by Golden Rule Resources totalled approximately $4.2 million. But it was exposed to $11 million in expenditures under various joint venture agre…
Queenstake expands horizons from placers to hard rock
After spending a decade building its placer mining base, Queenstake Resources is using cash flow from this sector to develop several hardrock properties. Gordon Gutrath, president, believes a producti…
Investment Comment Northgate’s cash could help Westfield
With around $200 million in hand from the sale of its mining arm to Australia-based Western ining Corp., Northgate Exploration is well positioned to acquire some new gold properties. The Toronto outfi…
Hecla to exercise Mooseland option (March 07, 1988)
Hecla Mining Co. of Canada has optioned the Mooseland gold property owned by Acadia Mineral Ventures. Under the terms agreed to by both companies, Hecla can earn a 60% interest by financing the projec…
Inco continues research into emission reduction
Inco Ltd. says its research program is continuing to indicate potential for further reductions in sulphur dioxide emissions from the company’s Sudbury smelter complex. In a report to the Ontario minis…