Isle Dieu boosts Matagami’s life
Noranda Inc.’s (TSE) Isle Dieu zinc-copper discovery in 1985 was a timely find. The 25-year-old Mattagami Lake mine, just across the road from Isle Dieu, will yield its last ton of ore late this year …
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Editorial A world leader
Mines are where you find them, and in the case of uranium, the best mines in the world are in Saskatchewan. The rest of the world just can’t compete. Sitting on the best of them is a new company owne…
Letter to Editor (cb) Sept. 12 Canadian mining businss trusted
I have read with interest the complaint by James D. William, in your July 25, 1988 edition about how minority shareholders have been treated by Western Mining Corp. after this company had acquired ove…
Ketza start up problems put Pacific Trans in bind
Start-up problems at the Ketza River gold project near Ross River, Yukon have put Pacific Trans Ocean Resources (TSE) in a financial bind. As holder of a 50% interest in the joint venture, Pacific Tra…
Editorial Strathcona Park
The battle of Strathcona Park on Vancouver Island appears to be over, at least for now. A report, accepted by the British Columbia cabinet, recommends that there be no new mineral exploraton in the pr…
Aur earnings decrease
On target to begin production at the Kierens zone gold deposit near Val d’Or, Que., later this month, Aur Resources (TSE) of Toronto has reported a drop in its 9-month earnings. Earnings before deferr…
Mining industry would help fund acid mine drainage research
A commitment by the Canadian mining industry to help fund a program of environmental research into the long-term management of waste rock and tailings has been announced by the Mining Association of C…
Placer gets Amoco stake in Detour Lake gold mine
Placer Dome Inc. (TSE) has become a wealthier and slightly larger gold producer following the closing of a $5.5 billion acquisition of Placer Dome Petroleum by Amoco Canada Co. When the largest merger…
Black Swan gold mine to be operator of First Canadian project
Taking on its first Canadian project, Black Swan Gold Mines (VSE) will be the operator of an exploration program on the TAS property located 40 miles north of Fort St. James, B.C. The company, which i…
FINANCING (September 12, 1988)
ONTARIO Dayton Porcupine Gold — final rec iss offer 1,000,000 @ 37 cents per sh to net $350,000. Marcus — final rec iss offer 1,000,000 @ 35 cents per unit to net $315,000. VANCOUVER Mollie Gibson …
Vancouver Stock Exchange Brokers’ phones starting to ring
August went out like a lamb, and September came in like one too, but brokers do say the phones are beginning to ring now that the holidays are over. While the momentum doesn’t appear to exist for a bo…
Metal Prices (September 12, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Sept 6 Sept 5 Sept 2 Sept 1 Aug 31 Copper 1386-138…