Canada Tungsten sells interest in Queenstake
Hurting from a dismal tungsten market, Canada Tungsten Mining has decided to sell its 32% interest in Queenstake Rsources. That equity position represents about 1.98 million shares and a market value …
News
Noranda Exploration to start work on Capricorn bet
Noranda Exploration plans to start work shortly on the Capricorn gold property at Rouyn, Que., following the lifting in late February of a court injunction preventing any work from being conducted. No…
Kiena plans stock split to broaden share market
Kiena Gold Mines, which almost doubled its profit in 1986, (to $6,959,000 from $3,778,000 in 1985), plans a stock split of its common shares, on a two-for-one basis. Shareholders will be asked to appr…
Vancouver Stock Exchange Trading heaviest in years
While the market momentum has slowed somewhat, trading activity here is still the heaviest in years. Investors have started to take profits but the general market trend continues to be bullish, and wi…
Alberta Stock Exchange Gold stays strong
The upward climb of Monte Carlo Resources has come to a shuddering halt. After adding $1.80 to $2.80 during a four-week period, the issue has tumbled even quicker, back to $2. Monte Carlo has a large …
Thompson-Lundmark gives up interest
Consolidated Thompson-Lundmark Gold Mines has given a 50% interest in its former producing gold property to Ardic Exploration and Development; a private company. Ardic earned its interest in the prope…
Teck, Tundra drift into visible gold
Underground exploration work on a section of the Lamaque gold property near Val d’Or, Que., has encountered visible gold in drift faces. Teck Exploration, which is performing the work funded by Tundra…
Metal Prices FUTURES PRICES N.Y. Mercantile Exchange (March 23, 1987)
Week’s High Low Close Change PLATINUM (in US$ per oz.) March — — 523.40 + 4.70 April 525.50 518.40 524.40 + 4.50 July 531.0…
Carolin throws ball back into Intergold U.S.A. court
Carolin Mines has thrown the ball back into the court of Intergold U.S.A. which claims to have found extremely high gold and platinum values in Carolin mine tailings (N.M., Feb 16/87). The company say…
Production decision at Farley in ’88
A production decision for the Farley Lake gold deposit is scheduled to be made in 1988, partners Farley Gold and Manitoba Mineral Resources say. Located 25 miles east of Lynn Lake, Man., the deposit h…
Metal Prices FUTURES PRICES N.Y. Commodity Exchange (March 23, 1987)
Week’s High Low Close Change COPPER (in US cents per lb.) March 63.45 63.30 63.45 + 0.20 May 63.65 63.35 63.60 + 0.25 July …
Falco aiming to retain capacity even under ’94 emission target
Falconbridge Ltd. plans to spend $3 million over the next three years on new technologies designed to reduce acid rain-causing sulphur dioxide emissions from its copper- nickel smelter in Sudbury, Ont…