Giant workers vote on new contract
A first attempt by Giant Yellowknife Mines to reach a new contract agreement with members of the Timmins, Ont. steelworkers union, looks set to fail. With a Dec 31 deadline approaching, the company do…
News
Kewagama board change
A new board of directors has been named for Kewagama Gold Mines (Quebec) Ltd., following a change in control of the company from the A. N. Ferris group. Headed by Norman E. Brewster, president, the ne…
Petromet and partners plan drillng at Fifteen Mile
A $2-$3-million diamond drill program is scheduled to begin in early January on Petromet Resources’ Fifteen Mile Stream gold property in Nova Scotia. The program’s objective will be to increase the cu…
Granges output rising smartly to record levels
Revenues and earnings of Granges Exploration are running at record levels, with operating profit for the nine months to Sept 30 of $4,621,037 and net of $1,357,078 or 9 cents per share on sales of $1…
Inspiration plans to boost output of low-cost copper
A plan to reduce unit costs at its Globe, Ariz., facility by increasing leach-solvent extraction copper production by 25% has been announced by Inspiration Consolidated Copper, a subsidiary of Inspira…
Eastfield drilling results encourageing
A diamond drill program at Eastfield Resources’ Indata project north of Fort St. James, B.C., has returned some encouraging results, the company confirms. The October drill program intersected a miner…
Drilling extends zones at Granges, MacMillan gold bet
Recent drilling at the Mishibishu Lake gold project in northwestern Ontario has extended the main ore zone to the northeast and northwest and also the west zone which is located 2,500 ft west of the m…
Penway seeks financing for Canada/U.S. projects
Alberta-listed Penway Explorers is currently negotiating a flow- through financing agreement to raise $1 million for exploration at its Labrador Trough property near Schefferville, Que. The Toronto co…
Amax, Canamax deal
A funding agreement has been completed in principle, between Canamax Resources and its major shareholder, Amax Gold. Under the deal, Amax will make available to Canamax a $10-million (US) revolving cr…
Queries Slack leaves Belmoral in great shape
As an owner of Belmoral Mines’ common shares, I would like to be brought up-to-date on the activities of this Toronto-based company. N.M. Prince Albert, Sask. (Set 8 1/2 pt on 10 times roman across …
Metal Prices FREE MARKET (January 04, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Dec. 15 Dec. 14 Dec. 11 Dec. 10 Dec. 9 Copper 1553-1558 1570-1580 1518-1522 1432-1433 1465-1470 Lea…
Wrightbar reports 5 drills working
Three surface and two underground drills are currently working at its Bourlamaque Twp. gold property in northwestern Quebec, Wrightbar Mines reports. Among the better surface drilling results to date …