Westfield to acquire Chilean gold property
While it will be later this month before the full details are revealed, Westfield Minerals is close to buying into a promising gold-silver property in Chile. Westfield has reached an agreement, in pri…
News
Alcan staging construction of new smelter
A new aluminum smelter for Chicoutimi, Que., has been announced by Alcan Aluminum, with construction to be phased in over a five-to-seven-year period. First phase of the Laterriere smelter, to be buil…
Campbell Res. shows profit in 1st quarter
A first-quarter net profit this year of $349,000 was recorded by Toronto-based Campbell Resources, compared to a loss of $4.6 million for the same period last year. Taking into account discontinued op…
Lencourt is positive on silver property
A positive feasibility study has been received by Lencourt Ltd. for the company’s silver property near Gowganda, Ont. The report concludes that the property be brought to production to yield 350,000 o…
Farady records healthy quarter
Faraday Resources of Toronto reported a net income for the first quarter of 1987, before extraordinary item, of $5.3 million (compared with $225,000 for the same period last year), and after extraordi…
COATS Trading Features (May 25, 1987)
Two of the companies involved in the Lac des Isle platinum play doubled this week. Led by TSE- listed Madeleine Mines, which reached a new high today of $11.25, Belleterre Quebec Mines rose to $1-$1.0…
Editorial “Odds” illustrations wanted
It has been quite some time since we last commented in this space on the somewhat remarkable — and certainly appreciated — flow of contributions we have had to our Odds ‘n’ Sods column, now carried …
Sonora mine in production
After a 2-year delay due to enviromental restrictions and bureaucratic red tape, the first gold bar was poured recently from Sonora Gold Corp.’s Jamestown Mine in California. Expected to produce aroun…
Lenora planning underground work
An underground exploration program is being planned by Lenora Explorations for the company’s Golden Harker property near Kirkland Lake, Ont. The program will enable sampling and testing of reserves to…
Malartic profit
Malartic Hygrade Gold Mines reports first quarter 1987 net income of $447,663, or 12 cents a share, against net of $459,498, or 13 cents a share, in the similar period last year. Revenue in the late…
Phase two work started by Vista
Vista Mines reports extensive exploration will be conducted on the WC-1 zone on its Bootleg Lake- Rio deposit mineral leases in northeastern Saskatchewan. The company started a phase II drill program …
HSK plans to raise $6 million
HSK Minerals has entered into private placement agreements which will raise a total of $6 million. A portion of the funds will be used to pay for hsk’s share of the 41% control interest in Queenston G…