Alberta Stock Exchange Accord issue moves up
It may have been a cut in the U.S. prime lending rate. Or perhaps it was a decrease in the price of gold from $455(US) to around $445 which contributed to a lacklustre trading session. But Alberta inv…
News
Sherritt sells MacLellan mine
One of the few mines in North America to actually lose money mining gold in 1987 has been purchased by Hayes Resources. For $17 million cash and 2.4 million common shares from treasury, Hayes is getti…
Placer pursues Laonil Lake property
Having completed a $1-million exploration program to earn 60% of Currie Rose Resources’ Laonil Lake gold property in northern Saskatchewan, Placer Dome is planning another sizeable drill program start…
Editorial Fixed-link project
Finally, we can talk about Prince Edward’s little island. Being the nation’s mining newspaper and P.E.I. being our only virgin province, untouched by mining, we’ve had precious few opportunities to in…
Metal Prices FUTURES PRICES (February 08, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb 98.50 98.50 98.50 — 12.30 Mar 93.50 90.90 …
Australian corporate battle spills over to Pamour board
Shareholders of Toronto-based Pamour Inc. recently elected two new members to the board of directors, but not without opposition from the two men losing their seats on the board. At a special sharehol…
New board at Getty
Total Resources (Canada) has completed its purchase of Getty Resources, acquiring an 87.6% interest on a fully-diluted basis. Following the closure of the deal, Total elected three new directors to th…
Goldenbell progressing with Pine Tree project
With $28 million(US) in its treasury and access to a $35-million bullion facility, Goldenbell Re sources says it is adequately financed to bring the Pine Tree gold project in Mariposa Cty., Calif., in…
Teck mill to Highland Valley
The long dormant Highmont mill of Teck Corp. will be incorporated into the Highland Valley Copper partnership which until now only included Cominco Ltd. and Lornex Mining. Cominco and Lornex put their…
Metal Prices PRODUCER PRICES (February 08, 1988)
ALUMINUM: MW U.S. Market 90.50 cents -92.00 cents per lb. (Jan 21, 1988). ANTIMONY: New York dealer $1.14-$1.18 per lb. (Jan 14, 1988). BISMUTH: New York dealer $4.75-$4.85 per lb. (Jan 14, 1988). CAD…
Falconbridge profit, but cloud hovers
While something of a Caribbean cloud now sits over the company, Falconbridge Ltd. last year achieved a major upturn in its fortunes, recording a profit before extraordinary items of $29.7 million, or …
Canadian pair funds huge Montana deposit
There are a number of remarkable aspects of the Noxon silver- copper project in Montana where two junior Canadian companies, Jascan Resources and Atlantic Goldfields, are funding work to bring the pro…