Denison sells Conrex to private investors
Consolidated Rexpar Minerals and Chemicals recently announced financing plans that will take the company into merchant banking and investments business in association with Gornitzki, Thompson & Little…
News
HBMS buying Ruttan mine from Sherritt
The Ruttan mine at Leaf Rapids, Man., is being acquired by Hudson Bay Mining and Smelting from Sherritt Gordon Mines in a deal that is expected to be concluded by July 15. Hudson Bay Mining, a subsidi…
Investment Comment Tundra project gives Getty some potential
Recent drilling results from its Northwest Territories’ Tundra gold property makes Getty Resources an emerging junior gold stock which could soon produce 100,000 to 200,000 oz of gold annually. That’s…
Moneta deals for properties near Timmins
Moneta Porcupine Mines has purchased 92 claims near Timmins, Ont., from Labrador Mining and Exploration. A majority of the claims (49) are in Tisdale Twp. Others are scattered across Shaw, Mountjoy, D…
Tartan Lake cornerstone in Abermin’s growth plan
The goal of Abermin Corp. is to become a “major mining company by 1995,” Roger P. Taylor, president, told the annual meeting. He said the Tartan Lake project in northern Manitoba (N.M., June 8/87) “wo…
Alberta Stock Exchange Most issues lower
After a burst of activity in recent weeks, some of Alberta’s most active precious metal stocks took a well earned breather. At least that’s how it looked after recent movers like Suffolk Resources and…
McFinley gains 100% interest in Red Lake bet
Its joint-venture agreement terminated on the Bateman Twp. project at Red Lake, Ont., McFinley Red Lake Mines now holds a 100% interest in the property. McFinley, which had a 50% interest in the proje…
People (June 29, 1987)
M. A. Hanna Company — Garth W. Henry elected vice-president and comptroller.
The world mining industry turnaround – its implications
The following article was written exclusively for The Northern Miner by Mr Anderson, former chairman, Cominco Ltd. and now a director of Gensler & Schwab Inc., New York, management consultants, and Mr…
Bankers buy bets
Bankers Petroleum has acquired 73 claims in Turnbull and Godfrey twps, near Timmins, Ont. One 43-claim block includes limited mine workings established between 1909-1911. A surface exploration program…
Metal Prices FUTURES PRICES (June 29, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) June 68.95 68.95 68.90 — 1.90 July…
Editorial Thank Wilson for small mercies
There’s no doubt about it. Michael Wilson’s white paper on tax reform proved something of a blow to the mining industry in that it watered down flow-through share financing for mineral exploration. Wh…