Letters to the Editor Insult to injury
Once again the minority shareholders are receiving second-rate consideration in a mining merger. I own shares in Mascot Gold Mines because I believe that it will be an excellent, profitable mine. If t…
News
Metal Prices PRODUCER PRICES (May 02, 1988)
ALUMINUM: MW U.S. Market $1.085- $1.105 per lb. (Apr 14, 1988). ANTIMONY: New York dealer $1.08-$1.13 per lb. (Apr 14, 1988). BISMUTH: New York dealer $5.70-$5.85 per lb. (Mar 24, 1988). CADMIUM: New …
Tax dispute solvable: Falconbridge
A first-quarter 1988 profit of “only” $35.2 million, or 45 cents a share, could have been as much as $8 million more had it not been for the company’s troubles in the Dominican Republic, William James…
Jerome, Muscocho need reserve increase soon
With a November deadline to consider, Jerome Gold Mines (ASE) and Muscocho Explorations (TSE) are currently working against the clock to prove up enough reserves to place the old Jerome mine near Sway…
Mascot reduces debt
The bank debt for Mascot Gold Mines’ (TSE) Hedley, B.C., gold project was reduced by $10 million to $46.4 million at the end of the second quarter. During the three months ended March 31, Mascot produ…
Garrison resumes drilling at Michaud gold property
Drilling has resumed on the 40%-owned Michaud property of Garrison Creek Consolidated (COATS), about 60 miles east of Timmins, Ont., President William Harrison says. The work is being funded by The Co…
Toronto Stock Exchange Grenges slides after Tartan Lake woes made
It’s been a quiet week on the Toronto market. Gold managed to gain a couple of dollars today pushing the Gold Index up 60 points, but the overall drift has been sideways. With interest rates going up,…
Trends in underground drilling
When hydraulic drills were introduced in the early 1970s, productivity shot up to an estimated 107 tonnes per man-hour. That compares with 13 tonnes per man-hour produced using the hand- held pneumati…
Royex, Glen Auden in Peltrie deal
Toronto-based Glen Auden Resources, Golden Dragon Resources and Mineta Resources says they have entered an agreement allowing Royex Gold Mining to earn a 50% interest at the Massicotte and La Peltrie …
Key Anacon Mines, four affiliates improve earnings
Five Saint John, N.B., companies which share management personnel and are part of the Irving group all report improved earnings for 1987. Key Anacon Mines (TSE), with more than 500,000 shares in Bruns…
50,000 oz gold a year is new Queenston target
A minimum production target of 50,000 oz gold a year has been set by Queenston Gold Mines (TSE), for about the fall of 1990, when the company reaches its 50th birthday, shareholders were told at the c…
Montreal Exchange: Firms in agreement
The management teams of gold- producer Louvem Mines and St. Genevieve Resources appear to have reconciled their differences, following a bid by the latter to acquire up to 4.8 million additional commo…