Total Erickson moves into black
Total Erickson Resources reports net income for 1986 of $2.5 million, which compares to a loss of $9.9 million in 1985. The latter represents only six months of mining operations due to the business c…
News
Metal Prices FREE MARKET London Metal Exchange (March 23, 1987)
Spot closing prices in Pound Sterling per tonne Date Mar. 17 Mar. 16 Mar. 13 Mar. 12 Mar. 11 Copper 906-907 916-917 926-928 913-914 900-901 Lead 308-309 313-314 …
Montreal Exchange Sphinx issues active
Trading of Exploration Sphinx “A” shares, which have been active for the past weeks, received another boost this past week with the release of bulk sample results from the Duvay property located north…
COATS Trading Features (March 23, 1987)
Several Paul Penna companies were active traders this week on the COATS system. Langis Silver & Cobalt Mining heated up to 75 cents -80 cents on news that drilling is in progress on its Cobalt, Ont.,…
Copper demand to grow 1.3%
The overall annual growth of copper demand until 1995 will be 1.3%, according to a recently released World Bank report, The World Copper Industry: Its Changing Structure and Future Prospects (1984-199…
Sigma has 10-year life after reserves change
Having already completed new ore reserve calculations at Campbell Red Lake Mines, (N.M., Jan 26/87), the Dome Mines group reports a reserve recalculation has also been done for Sigma Mines (Quebec). T…
Tournigan financing
Tournigan Mining Explorations plans to raise net proceeds of $500,000 from a private placement which the company says will be added to its general working capital. As the company’s agent, Deacon, Morg…
Researcher turns attention to strontium
The metal strontium has come under the research eye of Dr. J. E. Gruzleski of McGill University’s department of mining and metallurgical engineering. Backed by grants extending over three years of $18…
Proposed asbestos ban is a mistake
Time is running out for Canada’s beleaguered asbestos industry. A final ruling from the U.S. Environmental Protection Agency regarding the proposed phase-out of all asbestos uses in that country is ex…
Freeport plans ’87 production from Big Springs
The Big Springs gold project in northeastern Nevada has been deemed commercially viable by Freeport McMoRan Gold and production could begin this September. Bull Run Gold Mines has a 40% interest in th…
Eastmain on TSE
A private company recently “gone public,” Eastmain Resources Inc. had its shares listed on the Toronto Stock Exchange this week. This company has been carrying out an ambitious exploration program for…
Exploration program finished on three Forbex properties
An exploration program was recently completed by Forbex Mining Resources on three properties in the Rouyn-Noranda area of Quebec. Six short holes were drilled on the Stadacona-East property, located w…