Metal Prices PRODUCER PRICES (November 30, 1987)
ALUMINUM: MW U.S. Market 79.50 cents -82.00 cents per lb. (Nov 12, 1987). ANTIMONY: New York dealer $1.08-$1.12 per lb. (Nov 12, 1987). BISMUTH: New York dealer $4.75-$4.85 per lb. (Nov 12, 1987). CA…
1987
Kimex offering
Value of an offering carried out by Kimex Resources recently admitted to trading on the Montreal Exchange (symbol kmx), was $450,000. Kimex, with offices in Rouyn- Noranda, Que., owns three properties…
People (November 30, 1987)
Golden North Resource Corp. — Paul A. Carroll appointed director.
Toronto Stock Exchange Market responds to offshore interest rate
A round of interest rate cuts by West Germany, The Netherlands and France had the desired short- term effect of bolstering the bloodied U.S. dollar. Markets everywhere responded with modest enthusiam….
News in Brief (November 30, 1987)
Concept Resources has changed its name to Skyline Natural Resources Ltd. (sku:ase) on the basis of 1 new Class A share for 1 common share. .N ** News in Brief ** Lansdowne Oi…
Springlake option in B.C.
Springlake Resources has acquired a 50% interest in a property in the Revelstoke area of B.C. The interest was sold by Albury Resources. Located in the Camborne mining camp, the area produced 17,487 o…
Beaufield, Falco cut strong sections
Encouraging drill results are coming from a broad 2,460-ft long strongly altered zone on the Lac Rouleau property, partners Falconbridge Ltd. (51%) and Beaufield Resources (49%) say. The claims are pa…
By ’91 Barrick could produce a million oz from North America
American Barrick Resources could be the first Canadian mining company to top one million oz in annual production with its output coming solely from North America, says a report by Merrill Lynch mining…
Cambior earnings (November 30, 1987)
Net income of $13.5 million (59 cents per share) on revenue of $64.4 million was recorded by Cambior Inc. during the first nine months of 1987. (Cambior was inactive prior to July 31, 1986.) In the th…
Minnova completes B.C. drilling
Minnova Inc. recently completed approximately 4,000 ft of drilling on International Maggie Mines’ Indian River property near Squamish, B.C. The drilling defined two mineralized exhalite horizons withi…
Utah option on Glencairn claims
Glencairn Explorations has signed an agreement in principle with bhp-Utah Mines, a U.S-based company. Utah has the right to earn a 55% interest in Glencairn’s 24- claim Blue Mountain gold property in …
Oz and Farboro option property
Two Quebec-based firms, Oz Exploration and Farboro Resources, have jointly obtained an option to acquire a 100% interest in property in Elmhirst Twp., in northwestern Ontario’s Thunder Bay mining divi…