Hemlo into higher grade ore
Higher grades of ore are being mined in the Hemlo area of northern Ontario, the three gold-producing mines there report. Hemlo Gold Mines’ Golden Giant mine is currently milling ore in the 0.41-oz-gol…
1987
Maufort, DeMontigny conclude option deal
An agreement has been reached between Maufort Resources and Ressources Minerales DeMontigny whereby the latter may increase its interest to 50% in the Siscoe- extension property in northwestern Quebec…
Cigar Lake steps closer to uranium production
The world’s largest and richest uranium deposit took another step closer to production. Cigar Lake Mining Corp., which owns the Cigar Lake project in northern Saskatchewan, says that environmental app…
PRODUCER PRICES (November 02, 1987)
ALUMINUM: MW U.S. Market 85.00 cents -88.00 cents per lb. (Oct 22, 1987). ANTIMONY: New York dealer $1.10-$1.16 per lb. (Oct 8, 1987). BISMUTH: New York dealer $4.90-$5.00 per lb. (Oct 22, 1987). CAD…
American Ore’s Iskut River bets, show mineralization
Alberta-listed American Ore has reported a deficit of $9,390,795 for the six months ended June 30, compared with $8,049,966 during the same period last year. Revenues for the first six months of 1987 …
Falconbridge profit up on metals price gains
Higher metal prices gave Falconbridge Ltd. a third quarter 1987 net profit of $17 million, or 23 cents a share, the company reports. That’s close to three times the $6 million profit (9 cents a shar…
COATS Trading Features (November 02, 1987)
Tyranex Gold showed some spirit, trading to $1 in this week’s generally poor market. The company has optioned its gold property near Shiningtree, Ont., to Gunnar Gold and Mill City Resources, two tse-…
Police are still searching for gold mine bandits
At presstime for this issue, Ontario and Quebec provincial police were still searching for two armed men who over a week ago robbed the Virginiatown, Ont., gold mine of Golden Shield Resources of a go…
Atlantic Report Newfoundland’s first gold rush
Every available diamond drill in Newfoundland is under contract as Canada’s youngest province continues to enjoy its first gold rush. Major mineral exploration and development projects are going on in…
Metall Mining is shopping for polymetallic bargains
At a time when the recent stock market debacle has added to the list of available mineral properties in North America, a new player has joined the hunt for bargains. Armed with a war chest of approxim…
Flood of share buybacks issued by mining companies
The collapse of the stock markets, which has erased billions of dollars of value and decimated investor confidence, is also being seen as a buying opportunity — by none other than the companies thems…
Letters to the Editor Energy Minister lauds free trade
I know that you will be vitally interested in the effect of the Canada/ U.S. free trade agreement on our economy and on our energy sector in particular. I strongly believe that the agreement is a goo…