1987


Change at Maggie spurs option

There has been a management change at International Maggie Mines which has enabled the company to pursue an option agreement with Minnova Inc., formerly Corporation Falconbridge Copper. Millard H. Lut…


Moneta options Hananni ground

Nahanni Mines has optioned its 86-claim Michaud Twp. gold property to Moneta Porcupine Mines, President J. A. Harquail told shareholders at the Nahanni annual meeting. Moneta paid $50,000 on signing a…


Metal Prices PRODUCER PRICES (June 29, 1987)

ALUMINUM: MW U.S. Market 72.50 cents -74.00 cents per lb. (June 11, 1987). ANTIMONY: New York dealer $1.18-$1.23 per lb. (May 14, 1987). BISMUTH: New York dealer $3.35-$3.45 per lb. (June 4, 1987). CA…


Heap leach bets high on Cominco’s list

With $40 million in its treasury from a recent equity offering, Cominco Resources International is preparing to initiate work on 50 international mineral properties. Exploration work at Cominco’s Buck…


Canadian to speak at symposium

Two prominent Canadians are scheduled among speakers at the 12th anuual symposium of the Uranium Institute, to be held in London, England, Sept 2-4. They are Marcel Masse, federal minister of energy, …



METAL MARKETS Base metals beat summer doldrums

Low inventory levels and a weak U.S. dollar are preventing a summer slowdown in base metals markets, and in precious metals the sideways action is a positive action, First Marathon Securities says in …




Flow-through isn’t through yet

Finance Minister Michael Wilson’s white paper on tax reform retains the concept of flow-through share financing for mineral exploration, but in a less generous form. Under current flow-through rules, …


Nor-Quest bid for Northair a “property grab”

A formal offer has been made by Nor-Quest Resources for control of Northair Mines which is now preparing a fairness opinion on the proposal. The hostile takeover bid has already been denounced by Nor…


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