Farady records healthy quarter
Faraday Resources of Toronto reported a net income for the first quarter of 1987, before extraordinary item, of $5.3 million (compared with $225,000 for the same period last year), and after extraordi…
News
Metall offering
Metall Mining Corp., a wholly- owned Canadian subsidiary of Metallgeselschaft AG, says it has filed a preliminary prospectus for a common share issue to be offered in Canada and internationally. Metal…
Jascan drifting at Pansilver property
A, 2,000-ft drift being driven by Jascan Resources, is expected to be completed within three months, the company tells The Northern Miner. The underground work has progressed more than 400 ft on the c…
Drilling increases Estrades reserves
A drilling program on the Estrades project in the Casa Berardi area of Northwestern Quebec continues to produce some promising results. Golden Hope Resources and Golden Group Explorations said that …
Editorial Scotian Gold
The geology of Atlantic Canada is associated in the minds of many Precambrian geologists and Upper Canadian mining analysts with images of small-scale industrial mineral operations making little, if a…
HSK plans to raise $6 million
HSK Minerals has entered into private placement agreements which will raise a total of $6 million. A portion of the funds will be used to pay for hsk’s share of the 41% control interest in Queenston G…
SherrGold taking care of mine start-up woes
Gold recoveries fall below feasibility study estimates and gold production tumbles below start-up expectations. The patient is heard to babble “Where has all the yeller went?” Diagnosis — the start-u…
COATS Trading Features (May 25, 1987)
Two of the companies involved in the Lac des Isle platinum play doubled this week. Led by TSE- listed Madeleine Mines, which reached a new high today of $11.25, Belleterre Quebec Mines rose to $1-$1.0…
Editorial “Odds” illustrations wanted
It has been quite some time since we last commented in this space on the somewhat remarkable — and certainly appreciated — flow of contributions we have had to our Odds ‘n’ Sods column, now carried …
Metal Prices FUTURES PRICES (May 25, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 67.15 66.25 66.90 — 1.10 July 66.45…
Slumping oil prices hurt Conwest earnings
While admitting that the recent oil price collapse wasn’t in Conwest Exploration’s business plan, Chief Executive Officer John Lamacraft is quietly hoping that an oil industry rebound could boost his …
Leoben conference
The Leoben Mining Conference 1987 is scheduled to take place Sept 22-26 in Leoben and Graz, Austria. The conference, organized every 25 years, took place in Leoben in 1962 and 1937, and in Vienna in 1…