Metal Prices PRODUCER PRICES (August 10, 1987)
ALUMINUM: MW U.S. Market 76.50 cents -79.50 cents per lb. (July 30, 1987). ANTIMONY: New York dealer $1.06-$1.12 per lb. (July 30, 1987). BISMUTH: New York dealer $3.35-$3.55 per lb. (July 30, 1987). …
1987
Ruttan mine deal closed by Hudbay
Hudson Bay Mining and Smelting has completed the purchase of the Ruttan copper mine from Sherritt Gordon Mines. The mine is located at Leaf Rapids, Man. Terms of the purchase were not disclosed.
Equity 6-month net hits 19 cents per share
Equity Silver Mines reports net earnings of $5.5 million or 19 cents per share in the first half compared to $921,000 a year ago. Anthony J. Petrina, president, said the purchase and delivery to Plac…
Gibralter earnings improve in quarter
Gibraltar Mines had second-quarter net earnings of $288,000, reducing the company’s 6-month loss to $896,000 or 7 cents per share. The first- half loss in 1986 was $2.1 million or 18 cents per share….
Duration to drill Norton Lake play
Reconnaissance exploration on Duration Mines Norton Lake property in Ontario has outlined several gold targets, the company says. Locator Explorations is a joint venture partner on the property. Drill…
Kerr Addison reports small loss during half
Kerr Addison Mines has reported that high mineral exploration and interest costs contributed to a small loss from operations during the first half of 1987. The company reported net income of $17.3 mil…
Cease Trading Orders
The following is a list of outstanding cease trading orders issued by the Ontario Securities Commission from Jan 1 to June 30: Aubet Resources (5/14/87) Bearcat Explorations (5/14/87) Benvan Holdings …
Alberta Stock Exchange Platinum boosts issues
While growing tensions in the Persian Gulf propelled gold prices to $467(US) per oz, it was platinum which had investors racing to buy up shares of two Alberta issues. Trading on a volume of 952,900, …
North American gold title held by Newmont Gold (August 10, 1987)
The North American title for the largest gold reserve base goes to Newmont Gold Co. Newmont Gold, which is an affiliate of Newmont Mining Corp, controls properties hosting proven and probable reserves…
New zone find for Windflower
Exploration crews on Windflower Mining’s Goldfinch property in the Revelstoke division of British Columbia have discovered a new mineralized zone of quartz- carbonate vein and quartz stockwork along S…
Placer/Dome merger plan comes under Giant fire
Somebody is trying to throw a monkey wrench into Placer Development’s plans to merge with Dome Mines and Campbell Red Lake — and ironically it’s a former Placer executive. Out of the blue, Pamour Inc…
Naneco funds for U.S. bet
Alberta-listed Naneco Resources has recently entered into an agreement with underwriter Richardson Greenshields of Canada for the public distribution to a common share equity financing of up to $15 mi…