COATS Trading Features (April 18, 1988)
Trading in Findore Minerals enabled the issue to top the volume list this week. More than 177,000 shares were traded to a high of 75 cents . Drilling on the company’s property in Garrison Twp., Ont., …
News
Minerals division improves Noranda results
The forest products division of Noranda Inc. (TSE) may have led the way in 1987 in earnings, but in terms of the company’s net investment, the metals and minerals division is tops, the company reports…
Renabie boosts output in ’87
Net income of $900,000 was recorded by Renabie Gold Mines during fiscal 1987 (for the 12 months ending Sept 30,), compared with a profit of $1.5 million in 1986. An increase in depreciation and amorti…
Essor has reserves
Work completed by Exploration Essor has outlined drill-indicated reserves of 207,000 tons grading 0.22 oz gold per ton in the Fayolle zone in Quebec. Partners on the project with Essor are Kerr Addiso…
News in Brief (April 18, 1988)
Rich Resources (VSE) has changed its name to Rich Capital Corp. on a share-for-share basis.
Applegath ups holdings
A. W. Applegath, who heads the Applegath Group of companies including Villeneuve Resources (VSE) and Oneida Resources (VSE), has been increasing his personal holdings in both. In the case of Villeneuv…
Cdn.-United Minerals completes drilling
A 14,000-ft drilling program has been completed by Canadian-United Minerals (VSE) on its Fireweed polymetallic prospect located 10 miles north of Granisle in central British Columbia. Initial assays i…
Will relate story of fabulous derposit
The fabulous Goldstrike deposit of American Barrick Resources will be the topic of guest speaker Brian K. Meikle at the April 21 luncheon gathering of the CIM-Toronto Branch at the Royal York hotel. A…
Timmins area mines seek help to overcome shortage of miners
The shortage of miners in the Timmins area is so acute that it is time for the federal and provincial governments to step in and begin funding training programs, says the secretary of the Porcupine Mi…
Letters to the Editor Cutting gold assays
Regarding the letter from Dennis Fairbairn: It’s senseless to cut gold assays, March 28. It is with interest that I have read the shareholder’s point of view on the classical problem of “cutting” gold…
First reserve grades low on Bay/Jilby Fontana bet
The three joint-venture partners on the Fontana property in Duverny Twp. in northwestern Quebec have announced the first reserve figures on the property. Calgary-listed Bay Resources and Services (ASE…
Books (April 11, 1988)
Straight Talk — Three-part series aimed at the novice investor looking for more information to commonly asked questions about the exchange, stockbrokers and risk. For a free copy contact: Toronto Sto…