Editorial Panic devastates financial markets
Nobody — but nobody — in the entire financial community has ever witnessed anything quite like the market debacle and bloodletting that has taken place on leading stock exchanges around the world th…
News
Montreal Exchange Week of the plunge
With panic-selling sweeping world markets this week, investors on the Montreal Exchange could hardly be expected to react differently. Down almost 168 pt (9.5%) on “black Monday” and 99.2 pt (6.2%) th…
Lencourt acquiring interest in Alaska asbestos deposits
Junior-mining firm Lencourt Ltd. has signed an agreement to acquire a 50% working interest in the Slate Creek chrysotile asbestos deposits in Alaska from Tanana Asbestos Corp. along with a royalty int…
Mines ministers differ on free trade
Canada’s two chief political spokesmen for the mining industry appear to be at odds over the recent Canada-U.S. free-trade agreement. In a recent interview with The Northern Miner, the federa…
Overseas Platinum active in Ecuador (October 26, 1987)
Overseas Platinum has signed an agreement with an Ecuadorian company for the exploration of a gold-platinum placer property in northwestern Ecuador. Prior to closing the deal, Overseas Platinum panned…
Alberta Stock Exchange Issues take a beating
In a week when investors around the world took an unprecedented beating, it’s hardly surprising that the Alberta Stock Exchange reported an almost endless string of casualties. For most Alberta issues…
News in Brief (October 26, 1987)
Skelly Resources has changed its name to Bel Pac Industries (bpa:vse) on a share-for-share basis.
Placer and MSV completing underground work at Eastmain
Results from an underground exploration program on the Eastmain gold deposit are confirming “the excellent values previously obtained by surface drilling,” MSV Resources says. Located east of James Ba…
Metal Prices FREE MARKET London Metal Exchange (October 26, 1987)
Spot closing prices in Pound Sterling per tonne Date Oct. 20 Oct. 19 Oct. 16 Oct. 15 Oct. 14 Copper 1112-1115 1210-1211 N/A 1216-1217 1211-1213 Lead 370-372 364-365 N/A 365….
Ateba gets gold flowing again in Beardmore, Ont
The yellow metal will start to flow again here in December, The Northern Miner can report after a visit to the only active mill in the area — the Pan-Empire mill being operated by Ateba Mines Inc. of…
Barrick’s Carlin finds signal latest gold rush
North America doesn’t realize that the latest gold rush on this continent is only just beginning, remarked one of Canada’s most experienced mining financiers before a recent tour of Nevada’s Carlin go…
Queries How to evaluate mining companies
Could you provide me with some possible sources of information on the relationship between a mining company’s mineral deposit and the company stock price. I would also like some information on how to …