Equity Silver moves solidly into the black
Moving solidly into the black this quarter was Equity Silver Mines (TSE) which posted a profit of $1.1 million or 3 cents per share compared to a loss of $1.7 million or 7 cents per share last year. …
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Tax angles More on the new exploration incentives
On May 3, 1988, Finance Minister Michael Wilson and Minister of Energy, Mines and Resources Marcel Masse announced measures to maintain the effectiveness of flow- through share financing for explorati…
Toronto Stock Exchange Rate fears depress composite below 3,200 pts
Another selloff hammered the Toronto Stock Exchange today, clipping 44.71 pts from the composite index which closed at 3,178.49 pts. Sparked by interest rate fears and a general perception that the be…
Flow-through deal to fund Ego Wawa bet
Toronto-based Ego Resources (TSE) has entered a flow-through financing agreement with Tap-IV Resource Ltd. Partnership (TSE) to finance an extension of a recently completed 30,000-ft drill program at …
Metal mining tax peculiarities (2)
(Editor’s note: This column is the conclusion of a two-part review. In the first part published last month, the writer looked at the origins of mining ** taxes.) ** The cat…
Editorial Doctors are hard to get
Getting adequate medical services, particularly a doctor in-residence, is just one of the many challenges that face some small mining communities in remoter areas of Canada, especially in the northern…
Reaction mainly favorable to flow- through successor
Reaction to the federal government’s new resource exploration incentive, or grant scheme which will replace flow-through funding runs from “cautious optimism” to positive, The Northern Miner found in …
News in Brief (May 16, 1988)
Lenora Explorations (TSE) and Mary Ellen Resources (VSE) have entered into preliminary discussions regarding the possible merger of the two, the boards of directors of the companies have announced.
NovaGold financing (May 16, 1988)
NovaGold Resources of Halifax has signed an agreement with M.E.Q. (1988) Mineral Exploration and Co. Ltd. Partnership, providing for the purchase by the latter of $2,510,000 of flow-through NovaGold c…
Most successful Conwest marks 50th anniversary
One of the most successful resource companies in Canada today, Conwest Exploration (TSE) will be celebrating its 50th anniversary next month. A success story from Day One, it is something of a chronic…
Echo Bay, Nuinsco still short of mineable grades at Cameron
The jury is still out on the mineability of the Cameron Lake gold deposit in northwestern Ontario, shareholders were told at Nuinsco Resources’ (TSE) recent annual meeting in Toronto. Partners Nuinsco…
Breakwater says financing available for acquisition
With $36.4 million in working capital and its bank debt paid off, Breakwater Resources (TSE) has the financial clout for a major acquisition — and the target could be Asamera Inc.’s (TSE) minerals di…