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…
News
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…
Minerals shipped world-wide
More than 80% of Canada’s mineral production is shipped to markets around the globe, making the country the world’s largest exporter of minerals, reports the Mining Association of Canada. The country …
Montana silver mine back in production
Production has resumed at the Black Pine silver mine near Philipsburg, Mont., Inspiration Resources reports. Operations were suspended at the U.S. mine site in March, 1986, because of low silver price…
Nuinsco on schedule in Cameron project
Following the recommendations of partner Echo Bay Mines, Nuinsco Resources expects to move into the ore zone on its Cameron Lake gold project faster than the company had anticipated. At a cost of $3.6…
Oasis reaches financing deal
Oasis Resources has reached agreement with Ressources cmp 1987, Ressources cmp 1987 Quebec and Deductible Opportunities Funds 1987 for the financing of the Delta platinum project in northern Quebec. T…
April action hot
For the fourth consecutive month, a new record level was established on the Toronto Stock Exchange for share volume traded in any one month. In April, shares traded rose to 761.4 million, a 3.1% incre…
Metal Prices FUTURES PRICES (May 25, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 67.15 66.25 66.90 — 1.10 July 66.45…
Yukon platinum target of All-North
In Canada, platinum group metals are produced as a by-product from nickel mining operations in the Sudbury basin. They generally occur in small concentrations and are not an important economic conside…
Metall offering
Metall Mining Corp., a wholly- owned Canadian subsidiary of Metallgeselschaft AG, says it has filed a preliminary prospectus for a common share issue to be offered in Canada and internationally. Metal…
SherrGold taking care of mine start-up woes
Gold recoveries fall below feasibility study estimates and gold production tumbles below start-up expectations. The patient is heard to babble “Where has all the yeller went?” Diagnosis — the start-u…