News in Brief (November 23, 1987)
Tropicana Resources has changed its name to Tropicana Development Corp. (tna:vse) on a share-for- share basis.
News
Exploration underway on Tenquille prospect
Exploration work is progressing at the Tenquille Lake gold-silver prospect north of Pemberton Meadows, B.C., under a joint venture agreement between Tenquille Resources and Ajax Resources. Under the a…
Kidd Creek facing charges of environment violations
Although it claims to be North America’s lowest sulphur dioxide emitter, Kidd Creek Mines is facing charges relating to alleged violations of the Environment Protection Act. The charges follow a raid …
Industry profits near 1979-80 levels
Although base metal prices, in real terms, remain significantly below those prevailing during 1979-80, the rise in prices this year has restored industry profitability to levels approaching those earl…
COATS Trading Features (November 23, 1987)
One of the volume leaders this week was Findore Minerals which reached a high of 65 cents on 182,000 shares. The company has just acquired 21 claims in Garrison Twp., east of Matheson, Ont. Findore p…
Orofino completes flow-through issue
Toronto-based Orofino Resources has completed a flow-through share issue to raise $3.2 million to fund exploration and development of the company’s existing properties. Orofino says it realized $2.2 m…
Spanish help leach project near first pour: Thorco
A gold-silver heap leach project in southwest Spain is expected to have its first pouring of bullion at year-end, Toronto-based Thorco Resources reports. Thorco, through its 50% shareholding in Centur…
Australia closing in on Canada’s gold output record
From a standing start five years ago, Australian gold production has increased dramatically. Indeed, the country is now challenging Canada’s third-place position among Western gold producers — the No…
Freeport-McMoRan boosts earnings
Third-quarter net earnings of $7.3 million(US) (18 cents per share) were reported by Freeport-McMoRan Gold compared with $4.5 million (11 cents per share) for the same period in 1986. Revenues during…
Morono exploring two properties
An exploration program by Morono Mines is under way on two properties in northwestern Quebec, the Verneuil and Dufay, the company reports. The work is to be completed by late winter, 1988. Six drillin…
Mishibishu air lift operation by Noranda, Central Crude
A considerable amount of activity was witnessed by The Northern Miner on the road running across the Mishibishu Lake area west of Wawa, Ont. One of the larger operations was an airlift of fuel and dri…
Strong polymetallic grades drilled by Westfield, Goldbrae
Drilling by Westfield Minerals and Goldbrae Developments on their Big Island Lake polymetallic property in Manitoba, has cut high grading precious and base metal values. The property is located five m…