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…
1987
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…
MacMillan, Granges find gold values west of gold zone
Gold-bearing mineralization has been discovered in two anomaly- testing diamond drill holes located 4,500 ft west of a gold zone being developed at the Granges Exploration and MacMillan Energy Corp.’s…
News In Brief (January 05, 1987)
Torene Gold Exploration plans another 10,000 ft of drilling on its Harrington Cove gold property in Nova Scotia, following results of an initial 3,000-ft program that returned six intersections in fou…
Raise $100,000
Spirit Lake Explorations has raised $100,000 through the private placement of 58,825 shares at a price of $1.70 per share. There are warrants with this stock to purchase an equal number of shares at $…
1986 Range Tables
Next week’s issue will include complete range tables of all 1986 trading in the shares of mining companies listed on the Toronto, Vancouver, Montreal and Alberta stock exchanges, together with high-lo…
Petromet, Greenstrike work on Onitap’s Nova Scotia bet
A $300,000 exploration program is slated for Toronto-listed Onitap Resources’ Nova Scoita mining properties to be completed by Feb 28, 1987. The 37 contiguous claims which include four former gold pro…
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…
Editorial Scratch CIDA, save $2 billion
It seems that one hand of government does not know what the other is doing. Finance Minister Michael Wilson has told his provincial counterparts that the federal government is under severe pressure to…