Alberta Stock Exchange Twin Gold leads pack
Tightly held Twin Gold Mines was one of the best performers this week, adding 70 cents to trade at a high of $2.25. The company controls the Lingman Lake gold deposit north of Red Lake, Ont. Hosting …
News
Editorial Uranium could be next on U.S. hit list
Well that was some victory we won(?) in those last-minute negotiat ions to settle that Ottawa-Washington bitter trade dispute over the imposition of U.S.-ordered taxes against our multi-billion- dolla…
Gold production at Galactic Res. up to 55,000 oz.
Galactic Resources reports December gold production of approximately 6,700 oz from the Summitville, Colo., mine, bringing total gold equivalent production to approximately 55,000 oz, since the initiat…
Granges/Abermin close to decision on Tartan Lake
A 500-ton modular mill will likely be operating at an initial rate of 250 tons per day by late March at Tartan Lake, eight miles northeast of Flin Flon, Man., according to project operator Granges Exp…
People (January 05, 1987)
Canadian Occidental Petroleum – Jerry R. Wright appointed executive vice-president and chief operating officer.
Royex raises $15 million
Royex Gold Mining Corp. reports that arrangements have been made to fund mineral exploration during 1987 by a placement of flow- through common shares to CMP 1987 Resource Partnership and Company Ltd….
Sherritt writes off Ruttan copper mine
Due to depressed base metal prices, Sherritt Gordon Mines is writing off $24.6 million, which represents the carrying value of the company’s Ruttan mine in Manitoba. At present prices, Sherritt says t…
Nevada Goldfields contracts for new mill
A contract has been let for the construction of a 500-ton-per-day carbon-in-leach mill facility by Nevada Goldfields Corp. The mill is expected to start processing ore from Nevada’s Kingston mine in N…
Montreal Exchange Yorbeau trades heavily
The most active issue on the Montreal Exchange this short holiday week was Yorbeau Resources, unchanged at 70 cents on 425,600 shares. Company officials said they knew of no reason why the stock had …
Vancouver Stock Exchange Indecision keynote for year-end
The end of a calendar year and the beginning of a new one are generally indecisive times for stock markets, Vancouver being no exception. Trading activity has been slow with Tangent Oil and Gas and Sk…
Toronto Stock Exchange Golds strong as market bids 1986 a firm
The market ends the year on a firm and upbeat note, despite the quiet post-Christmas trading. At noon the widely-followed composite 300 was up 3.15 pts to 3048.28, a 5% improvement over the 2,900.60- …
Problem-plagued deposit purchased by Aussie firm
Claiming a coup, East West Minerals N.L., an Australian-based junior mining company, has purchased the Caribou base metals deposit located 30 miles west of Bathurst, N.B. The deposit was purchased for…