Watch it grow again: profit for Battle Mountain
Improving gold prices and lower unit production costs are the prime reasons for the 50% increase in profit posted by U.S.-based Battle Mountain Gold in its first quarter. A profit of $8.8 million or 2…
News
Cominco Res. seeks $40m. for offshore exploration
A final prospectus has been filed by Cominco Resources International which should raise about $40.2 million for exploration work on properties outside Canada, Alaska and Australia. The international o…
Alberta Stock Exchange Jascan hits year’s high
The most active mining stock on the Alberta Exchange this week was Jascan Resources, up 10 cents to $2.80, a high for the year, on 1,225,100 shares. Jascan, which is indirectly associated with the mi…
Query Slate Bay revived in 1980
What is the present status of Slate Bay Gold Mines? It was dissolved about 10 years ago but the charter was re-instated about eight years ago. H.K., Pacific Palisades, Calif. You are correct in writin…
Montreal Exchange Audrey trades higher
Continuing to trade actively on the Montreal Exchange is Audrey Resources, which this week closed up 90 cents to $4.35 on a volume of 670,200 shares. Audrey has a 70% interest in the Mobrun project (…
Kasner companies get flow through
Junior companies within the Kasner Group, have raised a total of $2.5 million via a private placement of flow-through shares to MVP Exploration (1987) and Co. Sholia Resources will receive $500,000 as…
Metal Prices FUTURES PRICES N.Y. Mercantile Exchange (May 11, 1987)
Week’s High Low Close Change PLATINUM (in US$ per oz.) May 630.00 630.00 617.20 — July 639.00 616.00 623.20 +29.00 Oct. 645.00 625….
Good first quarter for Belmoral; new open pit project is planned
Everything seems to be coming up roses for Belmoral Mines. The Toronto-based resource company, which turned an annual profit for the first time in 1986, reports a first- quarter net income this year o…
Bitech signs deal with Greenstone
Alberta-listed Bitech Energy Resources and a wholly-owned subsidiary of Vancouver-listed Greenstone Resources have signed a formal joint venture agreement regarding the Tache property near Chibougamau…
Editorial Tax reform will not be delayed
It seems the suspense over Federal Finance Minister Michael Wilson’s tax reform proposals and whether or not he will make changes in flow-through share financing will not be too prolonged after all. …
Toronto Stock Exchange Golds steams ahead over the 9,000 level
Golds picked up steam this week thanks to that on-again off-again U.S. dollar. An advance of 336.44 pts pushed the gold and silver index back above the 9,000 level to 9,233.24. On commodity markets go…
Atlantic Report New N.S. company into gold action
Scotia Prime Resources, a new Halifax-based company that is entering the Nova Scotia gold play, has acquired several properties with gold potential in the Meguma Group of rocks. Among them are former …