Falconbridge profit up on metals price gains
Higher metal prices gave Falconbridge Ltd. a third quarter 1987 net profit of $17 million, or 23 cents a share, the company reports. That’s close to three times the $6 million profit (9 cents a shar…
News
Colony Pacific to purchase Westmin Blue Moon interest
The fact that Imperial Metals Corp. was after Westmin Resources’ Blue Moon project has probably been one of Vancouver’s worst kept secrets over the years. But it became very apparent in May, 1986, whe…
COATS Trading Features (November 02, 1987)
Tyranex Gold showed some spirit, trading to $1 in this week’s generally poor market. The company has optioned its gold property near Shiningtree, Ont., to Gunnar Gold and Mill City Resources, two tse-…
Police are still searching for gold mine bandits
At presstime for this issue, Ontario and Quebec provincial police were still searching for two armed men who over a week ago robbed the Virginiatown, Ont., gold mine of Golden Shield Resources of a go…
Atlantic Report Newfoundland’s first gold rush
Every available diamond drill in Newfoundland is under contract as Canada’s youngest province continues to enjoy its first gold rush. Major mineral exploration and development projects are going on in…
Metall Mining is shopping for polymetallic bargains
At a time when the recent stock market debacle has added to the list of available mineral properties in North America, a new player has joined the hunt for bargains. Armed with a war chest of approxim…
Sherritt, Agassiz end negotiations over SherrGold
Negotiations between Sherritt Gordon Mines and Agassiz Resources involving acquisition by Agassiz of the former’s shareholding (60.5% interest) in SherrGold Inc., together with certain other mining in…
Flood of share buybacks issued by mining companies
The collapse of the stock markets, which has erased billions of dollars of value and decimated investor confidence, is also being seen as a buying opportunity — by none other than the companies thems…
Letters to the Editor Energy Minister lauds free trade
I know that you will be vitally interested in the effect of the Canada/ U.S. free trade agreement on our economy and on our energy sector in particular. I strongly believe that the agreement is a goo…
Montreal Exchange Market woes persist
(Editor’s note: Please note this week’s me stocks table runs only to the Monday, Oct 26, close.) Last week’s massive market “correction” continued on this week on the Montreal Exchange, with the gener…
Dickenson buys shares of Wharf
Toronto-based Dickenson Mines has acquired 9.8% of the outstanding shares of Wharf Resources of Calgary. On Oct 16, Dickenson purchased 942,000 shares and then on Oct 26 increased its holdings to a co…
Flanagan reports high gold values at Gwillim bet
A 23-ft section starting at 1,027.1 ft and averaging 0.96 oz gold per ton is the deepest yet obtained in the C zone, one of several gold- bearing units in the kod zone at the Gwillim gold project in Q…