Analysts not ecstatic on Dome/Placer merger
The merger of Placer Development, Dome Mines, and Campbell Red Lake Mines, has generated mixed reviews from Canadian mining analysts. Few are outright ecstatic about the plan but they tend to agree th…
News
Busy year for Tandem Resources
“Dramatic and positive changes in the company’s affairs have taken place during the past year and it is expected that this trend will continue this year with the company heavily involved in a number o…
Pencrude to earn interest in claims held by Interquest
A letter of intent under which Pencrude Resources will be able to earn a 50% working interest in 257 claims held by Interquest Resources in the Moss Twp.-Powell Lake area of northern Ontario has been …
Power option with Van Horne
A deal has been signed between associated companies Power Explorations and Van Horne Gold Exploration. Power has the right to earn a 50% interest in Van Horne’s gold property five miles south of Dryde…
Better to explore Fording holdings
An agreement has been reached between Better Resources and Fording Coal which will allow the former to explore Fording’s uncommitted base metal mineral holdings in the Mt. Washington area on Vancouver…
Mark converts preferred shares
Toronto-listed Mark Resources says its 303,263 series A preferred shares have been converted into common shares on the basis of two- thirds of one common share for each Series A preferred share. No fr…
Metal Prices PRODUCER PRICES (May 18, 1987)
ALUMINUM: MW U.S. Market 66.50 cents -69.00 cents per lb. (May 7, 1987). ANTIMONY: New York dealer $1.17-$1.22 per lb. (May 7, 1987). BISMUTH: New York dealer $2.90-$3.00 per lb. (Apr 30, 1987). CADMI…
Research grants
Some 89 studies in geology and geophysics will be supported under research grants totalling $1.39 million in 1987-1988, from the federal Department of Energy Mines and Resources. The department’s rese…
News in Brief (May 18, 1987)
For the three months ended March 31, SherrGold Inc. posted a net loss of $2.9 million or 28 cents per share, up from a net loss of $440,000 or 4 cents per share posted in the first quarter of 1986.
Belmoral workers return to job
Workers at the Belmoral Mines mill and mine at Val d’Or, Que., have agreed to a new two-year monetary package after shutting down operations for a couple of days with a work stoppage. The 265 workers,…
New gold mines set to produce
Thirteen new gold mines that are expected to start up this year in the United States will add more than a half-million ounces of production capacity to that country’s annual gold production, the Metal…
Sunrise gold property optioned to Noranda (head)
Sunrise Metals Corp. (vse) has optioned its Mayfair gold property in the Atikokan-Fort Frances area of northwestern Ontario to Noranda Exploration Co. Under the terms of the agreement, Noranda can ear…