Alberta Stock Exchange Pelham is higher
A planned resumption of gold production at the Louanna mine near Nakina Ont, made Pelham Gold a popular issue in an otherwise low key trading session. In a joint venture with Vancouver- based Cumo Res…
News
COATS Trading Features (February 15, 1988)
Findore Minerals has optioned several well-located claims in Garrison Twp., Ont., to Vancouver-listed Morgain Minerals and Orcana Resources. Findore traded at 35 cents . The Findore ground covers the …
Teck earnings up from last quarter
Teck Corp. has net earnings for the quarter ended Dec 31, of $17.2 million compared to $6.5 million a year earlier. After deducting preferred share dividends, net earnings were 42 cents per share, up…
Obituary Arvid Thunaes
A Norwegian immigrant, who played a major role in uranium research and development in Canada, died recently at age 86. Arvid Thunaes, a metallurgical engineering graduate of the Norwegian Institute of…
Golden Range encouraged at Hudvam
Toronto-based Golden Range Resources has reported a significant drill intersection from the Hudvam polymetallic property which it acquired recently as part of a backdoor agreement with Mingold Resourc…
Drills start near Golden Patricia
Three John Sadowski companies, Michele Gold Mines, Master Resources & Development, and Massive Resources, all of Toronto, plan to start drilling on ground five km southeast of the Golden Patricia mine…
Editorial Dominican Republic is being rapaciopus
The Dominican Republic could be shooting itself in the foot, if it continues to try getting tough with Dominican-based Falconbridge Dominicana, C. por A., the ferronickel-producing subsidiary of Falco…
Pelham and Cumo to mine Louanna tailings
As soon as the weather permits, production will begin again at the Louanna gold mine at Nakina, Ont. After a 3-year break, partners Cumo Resources and Pelham Gold are about to start a 2-stage program …
Metal Prices PRODUCER PRICES (February 15, 1988)
ALUMINUM: MW U.S. Market 90.00 cents -93.00 cents per lb. (Jan 28, 1988). ANTIMONY: New York dealer $1.14-$1.18 per lb. (Jan 14, 1988). BISMUTH: New York dealer $5.10-$5.30 per lb. (Jan 28, 1988). CAD…
News in Brief (February 15, 1988)
Greyhawk Resources and another Vancouver-listed junior exploration company, Willcrest Resources, have both rejected an offer from The Quinto Mining Corp. to buy back their 25% interests in the Lumby …
Stroud extends strike
Drilling has increased the strike length of the mineralized zone on the Leckie property, held by partners Stroud Resources and Exador Resources. Exador has the right to earn a 30% interest in the proj…
Higher metal prices boost Phelps Dodge, Asarco profits
Higher copper prices in 1987 had a marked impact on the annual earnings of two American producers, Phelps Dodge and Asarco Inc. Phelps Dodge’s primary metals segment, consisting mainly of copper-produ…