Valentine, Tenquille to develop Ashlu bet
Two Vancouver companies, Valentine Gold and Tenquille Resources, have agreed on a joint venture to finance development of the Ashlu gold property near Squamish, B.C. To earn a 50% interest, Valentine …
1988
Pegasus reports record profits
Spokane- based Pegasus Gold reported record net earnings for 1987 of $14,492,000 or 70 cents per share, a 3- fold increase over 1986 earnings of $4,654,000 or 35 cents per share. For the fourth quar…
Cominco expands output capacity for minor metals
With a $2.3- million indium project and a $5.8- million germanium recovery project under way in Trail, Cominco Ltd. is set to become the lowest- cost world producer of the two strategic metals by year…
Metal Prices FREE MARKET (March 14, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 8 Mar. 7 Mar. 4 Mar. 3 Mar. 2 Copper 1263-1265 1273-1278 1265-1267 1259-1261 1252…
Rhodes-Noranda get mixed drill results (March 14, 1988)
A $750,000 exploration program carried out by Noranda Exploration and Golden Princess Mining on the Offsets prospect near Timmins, Ont., has returned encouraging gold values. Noranda, as operator, com…
Quebec charges Noranda of violating pollution law
The Quebec government has charged Noranda Minerals with three counts of violating provincial air pollution laws. The charges allege that the company’s Horne copper smelter in Rouyn-Noranda, Que., emit…
COATS Trading Features (March 14, 1988)
A new issue, Transgold Resources chalked up the best gains this week, trading to a high of $1.05 before slipping back to 95 cents -$1. Volume was 272,000 shares for the week. The company, which came o…
Queries Beauce Placer remains an empty shell
Would you be kind enough to provide me with some information on Beauce Placer Mining Co. which seems to be active, even if I haven’t read about it recently, and on Prime Potash Corp. of Canada which a…
Editorial Free-trade opponents
Opposition to the proposed Canada-U.S. free trade agreement has recently been coming largely from south of the border while opponents in Canada have been uncharacteristically quiet. The most recent …
Summitville output boosts Galactic’s 1987 balance sheet
Higher gold prices combined with production from Galactic Resources’ Summitville mine in Colorado brought the Vancouver company’s balance sheet back into the black. Galactic reported 1987 net income o…
Muscocho buys Westfield’s Mishibishu Lake interest
Partners Muscocho Explorations and Flanagan McAdam Resources have agreed to purchase Westfield Minerals’ 50% interest in a large property in the Mishibishu Lake area west of Wawa, Ont. The property is…
metal Prices PRODUCER PRICES (March 07, 1988)
ALUMINUM: MW U.S. Market 101.00 cents – 105.00 cents per lb. (Feb 25, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (Feb 18, 1988). …