Montreal Exchange Heavy trading in Abitibi
Volume leader on the Montreal Exchange this week was Abitibi Metals Mines. It was heavily traded with 1,444,100 shares changing hands. Abitibi closed at 22 cents for a gain of 3 cents or 16% on the …
News
Queries Cornucopia Res. hasn’t changed its name
When I sold 400 shares of Cornucopia Resources recently, I was informed by my broker that this company is now Valley View Gold. While the shares of Cornucopia are listed in Vancouver and Valley View…
Hemlo puts Corona in the black
Increased gold production both from the David Bell mine and the still-disputed Williams mine at Hemlo helped put International Corona Resources well into the black for the year ended Sept 30, 1987. Th…
Denison profit boost mainly due to oil, gas
Profit of Denison Mines, before extraordinary, unusual and other nonrecurring items, climbed 45% in 1987 over the previous year, and the company credits its expanding oil and gas division for the shar…
Sale of Mascot brings profit to Royex Gold
An extraordinary gain resulting from the sale of Mascot Gold Mines to Lacana Mining, enabled Royex Gold Mining to realize net income of $47 million for the year ended Sept 30, 1987. This compares to a…
Energex awaits feasibility on Toodoggone gold property
A decision to go ahead with production at Energex Resources’ Al property in the Toodoggone area of north- central British Columbia will depend on results of a feasibility study to be completed mid-Feb…
Lencourt options Glencairn prospect
A memorandum of agreement has been signed by two Toronto- based companies, Lencourt Ltd. and Glencairn Explorations, whereby Lencourt may earn a 51% interest in the latter’s Goodfish gold property at …
News in Brief (January 25, 1988)
Emerald Lake Resources and Highland-Crow Resources have amalgamated into Noramco Mining Corp. each on a share-for-share basis.
Metal Prices FUTURES PRICES (January 25, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jan 126.30 124.50 124.75 — 2.55 Mar 113.30 110.90 …
Steep Rock agreement
An agreement has been concluded between Steep Rock Resources and the Ontario Ministry of Natural Resources which will see Steep Rock surrender all its former mining properties at Atikokan, Ont., to th…
Mintek, Bishop to merge
Victor Jones, president of Mintek Resources and Corby Stanley, president of Bishop Resources Development have announced approval by their respective boards of directors to amalgamate, subject to share…
ME trading in ’87 at record levels
Trading activity in the Montreal Exchange’s equity and options markets in 1987 was at record levels, the stock exchange reports. The general market portfolio index rose 3.7% compared with 1986 on a vo…