Delaware falls to Colossus
It almost seemed too easy and there wasn’t even a White Knight around to come to the rescue. Delaware Resource Corp. (VSE) has, as expected, fallen prey to Prime Capital affiliate, Colossus Resources …
1988
Echo Bay to control Muscocho
Edmonton-based Echo Bay Mines (TSE) recently took another step in a growth strategy which has seen gold production increase 56% from 1986 levels by acquiring a major interest in the Muscocho group of …
Micham program encounters gold
Over 600 ft of underground decline has been completed at Mono Gold Mines’ (VSE) Bannockburn property near Madoc, Ont. Micham Exploration (VSE) has an option to earn a 51% interest in the project for a…
Abitibi Metals defining zone
A zone 1,100 ft long and about 1,500 ft deep has been defined on the Jolin gold property in Carpentier Twp., located about 30 miles northeast of Val d’Or, Que., Abitibi Metals Mines (ME) reports. Amon…
Northgate, Audrey team up to expand Mobrun operation
Toronto-based Northgate Explorations (TSE) has dipped into its treasury for the fourth time this year to pick up a 20% interest in Audrey Resources (TSE) of Rouyn- Noranda, Que. Under an agreement, No…
Exploration planning keeps Lac ahead of game
With gold production last year of 306,000 oz and earnings nearly triple what they were in 1986, Lac Minerals (TSE) isn’t about to forget the value of field work in uncovering new deposits. “Our explor…
Letters to the Editor Corrects Siscoe story
I read with great interest W. Babe Woollett’s April 11 “Odds ‘n’ Sods” article in The Northern Miner on the demise of Joe Siscoe. I knew Joe Siscoe and he was not a prospector. His brother, the late S…
Conwest, Faraday, MRI report healthy earnings
Three related companies in the energy and mineral resources industries reported healthy profits for 1987. Conwest Exploration (TSE) recorded net income of $33.9 million ($3.01 per share) compared with…
Metal Prices PRODUCER PRICES (April 18, 1988)
ALUMINUM: MW U.S. Market $1.11-$1.21 per lb. (Apr 7, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.70-$5.85 per lb. (Mar 24, 1988). CADMIUM: New York…
Metal mining tax peculiarities (1)
Oh, how we hate to pay taxes. Even so, some taxes make us angrier than others. Revolutionary changes took place in the taxation of the mining industry in Canada in 1973 and 1974 and the effects are st…
Power estimates 2.9 million tons at Kasagiminnis
Power Explorations(TSE) says preliminary calculations for its Kasagiminnis Lake property in the Pickle Lake area of northwestern Ontario indicate 2,866,000 tons of mineral reserves grading 0.14 oz gol…
COATS Trading Features (April 18, 1988)
Trading in Findore Minerals enabled the issue to top the volume list this week. More than 177,000 shares were traded to a high of 75 cents . Drilling on the company’s property in Garrison Twp., Ont., …