Musto subsidiary near bankruptcy
A U.S. subsidiary of Musto Explorations (TSE) may have to file for bankruptcy. St. George Mining’s Apex project in Utah has been shut down since Sept 1, 1987, and the company is currently seeking reli…
News
Redfern flow-through
Redfern Resources (VSE) has agreed to issue 400,000 flow-through shares to NIM Resource — 1988 and Co. Ltd Partnership at a price of 95 cents per share. . T The company has also agreed to offer 35…
Metal Snips (June 06, 1988)
A new $1-billion aluminum smelter to be built by a consortium of Japanese, European and North American firms is in the works for Quebec, according to the Quebec provincial government. The site has not…
Training conference
A training conference titled TRAM XV (Training Resources Applied to Mining) is scheduled for Aug 7-10 at West Virginia University’s Evansvale campus in Morgantown, W. Va. Delegates to the conference, …
Omni leasing Venus mill to process Skukum ore
By leasing the former Venus mill from an affiliate, Omni Resources (VSE) hopes to have its Skukum Creek gold property in production later this summer. The mill was previously leased from United Keno H…
Lower silver prices during first quarter cut Agnico’ income
Despite an improved operating performance at Agnico-Eagle Mines’ (TSE) gold division, depressed silver prices and higher operating costs, put a slight damper on the company’s first quarter results. Wh…
Royex reports 2nd-quarter income of $1.2 million
Net income of $1.2 million before unusual items and $3.4 million (4 cents per share) after unusual items was reported by Royex Gold Mining (TSE) for the second quarter ending March 31. For the same pe…
Stratabound gets funds for Indin Lake drilling program
Through a number of private placements and flow-through share agreements, Calgary-based Stratabound Minerals (ASE) has raised about $800,000 to finance exploration on its New Brunswick and Northwest T…
Corona boasts net earnings of $3.6m. for second quarter
Second-quarter earnings of $3.6 million (4 cents per share) before unusual items, and $3.3 million (4 cents per share) after unusual items, were recorded by International Corona Resources (TSE) for t…
COATS Trading Features (June 06, 1988)
Placer Pacific, the affiliate of Placer Dome Inc., which is developing several big gold mines in Australasia, traded 64,475 shares today. The price advanced to $2.30 per share. Winteroad Resources was…
Gross award is presented
The first William Harvey Gross award, consisting of a medal and a cash supplement through an endowment provided by Lacana Mining Corp., was awarded to Robert Kerrich of the University of Saskatoon by …
Andaurex option deal
A joint venture agreement has been signed between Andaurex Resources (VSE) and High Frontier Resources, a private company. High Frontier has the right to earn a 50% interest in Andaurex’s gold propert…