The new Corona
The new Corona Corp. (TSE), an amalgamation of five Royex group companies, officially came into existence July 1. Shareholders voted their approval June 3 of the amalagamation of Royex Gold Mining, In…
News
Ontario to limit applications for IMEP funding
Ontario plans to limit applications to its Ontario Mineral Exploration Program (OMEP), in the wake of the federal government’s new Canadian Exploration Incentives Program (CEIP). The province’s minist…
Que. mineral value jumps 24% in 1987
Mineral shipments in Quebec in 1987 were worth $2.71 billion, up 24% compared with the previous year, the province’s Ministry of Energy and Resources reports in its publication Mineral Resources. Expl…
Antimony sales help boost coffers of Dominion Explorers
Sales of antimony from its New Brunswick mine helped Dominion Explorers (TSE) record net income of $1.14 million (3 cents per share) in 1987 compared to a loss of $712,848 (3 cents per share) the ye…
Metal Prices FUTURES PRICES (July 11, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul 102.50 100.30 100.50 — 4.90 Sep 97.00 94.30 9…
FINANCING (July 11, 1988)
ONTARIO Chester — final rec iss offer 600,000 @ 80 cents per sh to net $240,000. RELEASED FROM ESCROW Sharpe — 185,000 shs released. VANCOUVER Accura — 500,000 sold for gross $175,000. Goldrite –…
Correction (July 11, 1988)
In a recent article, The Northern Miner incorrectly related Camreco Inc.’s (TSE) accumulated deficit on March 31 to revenues reported during the first three months of 1988. In fact, Camreco reported a…
Record value in ’87 for Ont. minerals
The total value of minerals produced in Ontario in 1987 was estimated to be $5.7 billion, the highest such value recorded by the province and up 17.2% from 1986. According to Ontario Mineral Score 198…
Editorial A good basis for investment
Remember Erik Nielsen? His was a long career as the Progressive Conservative member for the Yukon, but perhaps his greatest legacy was an ambitious review of all federal funding programs, even though …
CoCa Mines sought by USMX
Explaining why its recently proposed merger with Pegasus Gold (NASDAQ) ended in failure, CoCa Mines (NASDAQ) said in a shareholder’s letter that it also held serious negotiations with USMX Inc. of Den…
Alberta Stock Exchange Suffolk bucks trend
With the price of gold hovering in the $438(US) range, Alberta investors opted to take a post-Canada Day vacation from the business of dabbling in resource stocks. As a result, volumes lagged and a nu…
Montreal Exchange Market moves ahead
A second consecutive holiday- shortened trading week seems to have been to the liking of investors on the ME, where the market portfolio and mining and minerals index recorded gains of about 18 pts an…