Coniagas struggles to show a profit in 1987
With a new gold mine expected to be up and running next year and a resumption of production at Bachelor Lake, the Coniagas Mines group is looking ahead to better things in 1988. As reflected in a mixe…
News
Kaaba/Alawas start heap leaching test
Construction of the first leaching pad at the Picacho gold project of joint venture partners Kaaba Resources and Alawas Gold in Imperial Cty., Calif., is progressing on schedule. The leaching pad and …
Platinova/Cominco in south Alaska venture
Partners Platinova Resources and Cominco American Inc. have identified a number of gold-copper-silver mineralization centres in a new south central Alaskan gold district, Platinova said recently. With…
Vancouver Stock Exchange Blue chip issues draw investors
Vancouver hasn’t been able to match recent gains in Toronto and New York because it’s much more speculative. Investors bold enough to participate in the market today have tended to concentrate on blue…
Royex, Galveston deal
Another paper shuffle within the Royex Gold Mining group has resulted in a 13.36% interest in Royex Gold being sold to Galveston Resources. Consideration for the deal is Galveston’s 1.13 million PezCo…
Metal Prices FREE MARKET (December 14, 1987)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Dec. 8 Dec. 7 Dec. 4 Dec. 3 Dec. 2 Copper 1490-1493 1440-1445 N/A 1475-1480 1490-1500 Lead …
Dolphin financing
A private placement has been arranged between Dolphin Explorations of Vancouver and cmp 1987 Resource Partnership and Co., Limited II, whereby Dolphin will receive $1 million in exploration financing …
Western Canadian excited by results
More than $1.5 million of a $1.75-million exploration budget this year was spent by Western Canadian Mining on its Kerr and Goosan properties in northwestern B.C., and results have been exciting. High…
Greenland deposit excites Danish firm
Danish firm Carl Nielsen reports two years of field and laboratory work has proven up more than three million tons of ore in a zirconium- rare earth elements deposit in southwest Greenland. The compan…
COATS Trading Features (December 14, 1987)
The weak activity on the main Canadian markets is also being reflected on coats. For the month of November, the average daily dollar value plummeted to an all time low of $1 million. Last May, that wa…
Noble Peak drill results encourage at Weasel play
Positive drill results have been received by Noble Peak Resources from the company’s Sandhill- Weasel sector of the Happy Lake project, shareholders learned at the company’s annual meeting. The projec…
Consolidated TVX reports first ever quarterly profit
Consolidated TVX Mining has reported its first quarterly profit, the Toronto-based company said recently. During the three months ended Sept 30, Brazil’s second largest gold producer reported net earn…