Gold giant Placer Dome reports solid profit
Hard on the heels of the formation of Placer Dome Inc., now North America’s largest gold producer, the company has come up with some good financial numbers. Placer Dome was created just days ago by th…
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Montreal Exchange Active market traders
Two companies active in a 3-firm, joint-venture platinum exploration project in northern Quebec, Messeguay Mines and Oasis Resources, were top traders this week on the Montreal Exchange, with Messegua…
Gunnar funding
Gunnar Gold Inc. reports it will raise $1,250,000 through a private placement agreement for the issuance of common shares and share purchase warrants, the latter entitling holders to acquire an equal …
Breakwater well into black on gold price, productivity
Higher gold prices coupled with productivity increases at the Cannon mine in Washington State put Breakwater Resources solidly into the black during the first half of 1987. Net earnings for the period…
Metal Prices FREE MARKET Spot Gold, Silver, Platinum and Palladium (August 24, 1987)
Aug. 18 Aug. 17 Aug. 14 Aug. 13 Aug. 12 Gold London Bullion Dealers afternoon (morning) $US per oz. 457.50(454.90) 453.30(454.80) 460.00(457.40) 462.50(462.05) 463.40(461.00) Gold Bank of Nova Sco…
Jascan earns interest in Montana silver bet
Jascan Resources of Toronto has reached an agreement to earn an interest in a large silver/copper deposit in Montana. The agreement requires Jascan and partners Pacific Coast Mines and Atlantic Goldfi…
Hudson Bay picks up steam
Hudson Bay Mining and Smelting moved well into the black in the first half this year, thanks primarily to higher production and sales volume for both copper and zinc. In the second quarter, the compan…
Steel consumption may drop 3% this year, OECD reports
Total steel consumption may decline by 3% this year among oecd- member countries, the Paris-based Organization for Economic Co- operation and Development reports in The Steel Market in 1986 and the Ou…
Amir buys control of Arizona Star
A 36% interest of Vancouver-based Arizona Star Resource was recentl y acquired by Amir Mines. The latter purchased 1.2 million shares for $864,000. In addition, Amir acquired a one-year option to purc…
Hemisphere busy with four projects
Exploration programs are under way on four properties controlled by Hemisphere Development. In the Courageous Lake area, N.W.T., the company is drilling sections of a 14-km-long property which adjoins…
Three drills are working on Westmin-Nexus bet
Three diamond drills are working at the Debbie property on Vancouver Island, a joint venture between Westmin Resources, Nexus Resources and Angle Resources. A $2-million program is under way on the 24…
Surveys under way at Samarkand bet
Detailed geological surveys are under way on the Roman property of Samarkand Resources on the British Columbia-Yukon border, the company reports. It says rock samples from the property have assayed up…