Slumping oil prices hurt Conwest earnings
While admitting that the recent oil price collapse wasn’t in Conwest Exploration’s business plan, Chief Executive Officer John Lamacraft is quietly hoping that an oil industry rebound could boost his …
News
Delaware options Ungava prospects
Calgary based Delaware Resources has signed a letter of intent to option four of the Ungava region prospecting permits in Northern Quebec to Beaufield Resources Inc. Delaware holds a 50% working inter…
Eldorado’s debt precludes positive uranium benefits
At a time when the worst appears to be over in the uranium industry, Eldorado Nuclear finds itself unable to enjoy the benefits of a firming market for its product. The banks, which financed Eldorado’…
Vancouver Stock Exchange Market succumbs to profit-taking
The market has lost some of its earlier strength and appears to be consolidating for its next upward move. Trading volume has dropped sharply and not surprisingly many stocks have succumbed to profit-…
Black Cliff Mines options Malartic property.
Nearly seven years after it reopened the former Vinray gold mine in Malartic Twp., Quebec, Black Cliff Mines of Toronto has optioned the property to Rouyn, Quebec-based Exploration Essor. Exploration …
Pine Point seeks interest in mine
With operations in the Northwest Territories expected to cease in 1988, Pine Point Mines is negotiating a 40% interest in Cominco’s Polaris mine in the High Arctic. Noting that the company is now in t…
Brosnor plans exploration work on 3 properties
A $3-million exploration program for 1987 has been announced by Brosnor Exploration for three Quebec properties. The Louvicourt Twp. gold property in northwestern Quebec will be the site of most of th…
Toronto Stock Exchange Gold soars higher on skittish U.S. dollar
The disturbing tumble of the U.S. dollar and the failure of the Fed to effectively curtail the free fall by boosting interest rates, continues to fuel the stellar performance of gold bullion. The pric…
Financing, listing for Colray Res.
A $2.5-million financing and a listing on the Toronto Stock exchange has assured Colray Resources of adequate funds for a major expansion activity in some of its Canadian projects. The Saskatoon, Sask…
Metal Prices FREE MARKET London Metal Exchange (May 25, 1987)
Spot closing prices in Pound Sterling per tonne Date May 19 May 18 May 15 May 14 May 13 Copper 916.50-917.50 922-923 922-923 905-906 916.5-917.5 Lead 412-415 …
Books in Review New book on gold investing
Looking to make more money from gold investments? You might do worse than read a new book on the subject, The Complete Book of Gold Investing, by Jeffrey A. Nichols. The book is published by Dow Jones…
Total Erickson shopping for another acquisition
With no bank debt and a $10-million line of credit, Total Erickson Resources is looking for a new acquisition in either the oil and gas or mineral sectors. President Jean-Pierre Januard also told the …