MFC records a profit as a mining finance house
Fewer than two years from its inception, MFC Mining Finance Corp has emerged as a profitable mining finance house, with interests in two operating gold mines. For the year ended Dec 31, mfc generated …
1987
Toodoggone project affected by Serem (now Cheni Gold Mines Ltd)
The decision by Serem Ltd. to proceed with its Lawyers project, north of Smithers, B.C., will effect a number of properties in the Toodoggone area, including the Mets project of Manson Creek Resource…
Editorial Stock hot-line
Three gold exploration companies had trading of their shares halted this week in Vancouver and Toronto for a rather unusual reason. It appears that over the weekend, a Toronto-based penny stock invest…
Alberta Stock Exchange Correction sets in
Most gold issues on the major exchanges entered a modest correction phase today, as gold bullion gave up $8 to $442(US). However, the correction for some companies amounted to nothing more than sidewa…
Editorial Oh for more “One-Share Sweeneys”
With annual meeting time once again rolling around, our editorial staff will be called upon to attend several hundred. All too many, we fear, will prove routine and boring, with little more than a han…
FUTURES PRICES N.Y. Commodity Exchange (April 20, 1987)
Week’s High Low Close Change COPPER (in US cents per lb.) April — — 62.55 + 0.35 May 62.85 62.55 62.60 + 0.30 July 62.80 62.50…
Vancouver Stock Exchange Profit-taking slows market climb
This is one heck of a bull market. Rising gold and silver prices have propelled many stocks into orbit but the gravitational pull of higher interest rates has started to drag stocks down. Profit takin…
Petroleum Society
Theme of the 38th annual technical meeting of the Petroleum Society of sim (Canadian Institute of Mining and Metallurgy), planned for June 7-10 at Calgary, Alta., is “Innovation and Optimization — Ev…
Share issue for Lacana
Hot on the heels of its purchase of 51% of Mascot Gold Mines, Lacana Mining has reached two agreements for the sale of five million common shares. In one deal, Lacana has made an agreement with Gordon…
Editorial Safety record improves
It’s somewhat ironic that tough economic times for the mining industry can be counted as something of a blessing in disguise, at least as far as mine safety is concerned. The Mines Accident Preventi…
New president installed Rising cost of gov’t programs among major
A number of issues should keep the new president of the Ontario Mining Association (oma) busy during the next two years, not the least of which is what the industry calls “government mandated costs.” …
Vancouver Stock Exchange Volume boiling over
The Vancouver market has literally come to a full boil with trading activity approaching levels only seen during the early 1980s. But the present situation didn’t happen overnight. Volume increases ha…