MSV Resources completes financing
MSV Resources and MSV Partnership 1986 and Co., have completed the 1986 financing for two of their three properties. The $2.2 million obtained to date will permit MSV to earn interests of 10% in Place…
1987
From floundering to fun, every company name tells a story
“At first we floundered around a bit,” confides the mining executive. A harebrained financing scheme that never stood a chance? A bungled start-up with nothing but one headache after another? A down-i…
Letters to the Editor Don’t kill the golden goose
The following letter has been sent to Finance Minister Michael Wilson at Ottawa. Dear Mr Wilson: There have been rumors in the press that your government is considering cancelling flow-through financi…
United Keno optimistic on high grade silver hunt
Last April at the annual meeting, United Keno Hill Mines president J.C. Cowan said that if the company was successful in increasing its grade of silver in ore milled to 100 oz, rather than the current…
Tashota flow through
Tashota-Nipigon Mines has entered into an agreement with Muscocho Explorations which will see Tashota receive $400,000 from Muscocho. The funds will be used to finance exploration on various propertie…
Alberta Stock Exchange Holiday muffles activity
The holiday season took the steam out of the Alberta Stock Exchange this week as few issues showed any major gains. Golden Star Resources gave up some ground to $2.70 following a period of gains which…
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…
Control of Interstrat passing to U.S. firm
Control of Interstrat Resources will pass to a private Texas-based company pending the completion of a deal between Interstrat and Frontier International. The deal involves a share exchange of both co…
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 …
Tax Angles Flow-through must be retained
In a recent address to the Canadian Tax Foundation, the minister of finance, Michael Wilson, alluded to a proposed general curtailment of tax preferences that enable some high income earners to reduce…
Annual Cordilleran
The Fourth Annual Cordilleran Roundup will be held at the Hotel Vancouver over a 3-day period beginning Jan 26, 1987. It will include reviews of field work carried out by provincial and federal agenci…