Falconbridge profit, but cloud hovers
While something of a Caribbean cloud now sits over the company, Falconbridge Ltd. last year achieved a major upturn in its fortunes, recording a profit before extraordinary items of $29.7 million, or …
News
19 fatalities in 1987 prompt committee probe
After one of the worst years for mining fatalities in recent memory, a committee of mining, government and union representatives is looking at ways to make the industry more safety conscious. The Cana…
Letters to the Editor Negative column?
Enclosed are copies of a couple of mvp Capital Corp.’s weekly market bulletins by Ian McAvity. Their tables reflect significant market facts for gold investors. These I never would have suspected had …
Montreal Exchange: Prices in decline (February 08, 1988)
A falling gold price meant nothing but bad news for resource companies this week, with the mining and minerals index experiencing four consecutive days of decline, including an almost 46-pt drop one d…
Kam-Kotia selling Davis-Keays shares
Control of a company with an undeveloped copper property in northern British Columbia is being sold by Kam-Kotia Mines of Toronto to a numbered company in Vancouver. President of the numbered company …
COATS Trading Features (February 08, 1988)
A takeover offer for all the shares of Newfield Mines has been made by Toronto-listed Jonpol Explorations. Jonpol is offering one common share for each Newfield share. Jonpol ended the day at $1.90 wh…
Placer Dome continues working Talisman bet
Placer Dome, which has acquired a large property in the Swayze area of northeastern Ontario previously held by Algoma-Talisman Minerals, plans to complete 9,200 ft of drilling this year in 19 holes. D…
Metal Prices PRODUCER PRICES (February 08, 1988)
ALUMINUM: MW U.S. Market 90.50 cents -92.00 cents per lb. (Jan 21, 1988). ANTIMONY: New York dealer $1.14-$1.18 per lb. (Jan 14, 1988). BISMUTH: New York dealer $4.75-$4.85 per lb. (Jan 14, 1988). CAD…
News in Brief (February 01, 1988)
Champagne Resources has changed its name to Pass Lake Resources Ltd. (plj:vse) on a 1-new-for-2-old share basis. A cease trading order issued Jan 10, 1986 remains in effect.
Computer Forum PUSH-BUTTON SURVEYING
Choosing the hardware and software for high-tech surveying systems is a lot like buying a stereo system. The question is this: Do you stick with one manufacturer for all your components or do you “che…
Computer Forum OPTIMUM BLAST DESIGN
The computer blast model SABREX (Scientific Approach to Breaking Rock with Explosives) is a powerful new tool that can give miners the optimum bang for the buck. To highlight the role of all relevant …
Correction (February 01, 1988)
Reserves at Energex Resources’ Al property in the Toodoggone area of British Columbia have been increased to 1.9 million tons grading 0.157 oz gold per ton in the combined drill-proven, probable and p…