Editorial Flow-through gets at least a reprieve
There was good news — and a little bad news — in Finance Ministe r Michael Wilson’s recent budget, at least as far as the mining industry is concerned. The good news of course is that flow-through f…
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EXPLORATION ’87 NORTHGATE
At presstime a final budget for exploration had not been determined at Northgate, but several affiliated companies had announced plans for significant expenditures in 1987. Norbeau Mines (40%-held by …
Canhorn options Gem Lake claims
Canhorn Mining Corp. has optioned its Gem Lake property to Mutual Resources. The Gem Lake ground is located in the Rice Lake area of Manitoba. Mutual, which is an affiliate of Teck Corp., has the righ…
EXPLORATION ’87 FALCO. COPPER
Control of Corporation Falconbridge Copper (cfc) changed hands in 1986 with the sale of 50% of its shares by Falconbridge Ltd. to Kerr Addison Mines. Kerr is enthusiastic to see cfc continue to operat…
50 YEARS AGO –MARCH, 1937– DOME’S SCHUMACHER WAS “SWEET BUY”
The first seven months’ work on the Schumacher veteran lot bought by Dome Mines shows the purchase price, plus 100% profit, already in sight. Bought late in May, 1936, this 160-acre lot, adjoining the…
LAW Some Ins and Outs of Royalties
Royalties, which have been a part of Canada’s mining industry since it began, come in all shapes and sizes. Their one common factor is that they require the grantor to pay money to the royalty-holder….
EXPLORATION ’87 BELMORAL
The $15 million Belmoral Mines will spend on exploration in 1987 is about evenly divided between its Val d’Or and Timmins camps. The strategic exploration plan calls for the company to solidify existi…
Sunmist flow-through
A $540,000 flow-through share financing has been completed by Sunmist Energy. An additional $600,000 is being negotiated, which if raised, will provide a total of $1.1 million for exploration of the c…
Think Innovation
A recent policy decision by the federal government states an intention to reduce R&D spending on mining- related projects. This means mining companies will be forced to finance the lion’s share of any…
Future of Quintette Coal in hands of its partners
The huge Quintette coal project in northeastern B.C. “can be scuttled by all partners in it, but mainly by the Japanese steel industry and the banks,” Stephen B. Roman, chairman of Denison Mines Ltd. …
Running a Risk
Arriving at a fair value for a mineral property depends very much on how you perceive the risks. Mining companies, large and small, frequently seek outside financing of new mineral properties and they…
EXPLORATION ’87 LACANA
This will be one of the busiest exploration years in recent memory for Lacana Mining Corp.’s staff in Canada. About 36 projects, emphasizing precious metals exploration, are planned across Canada. Lac…