Wharf profit well ahead
Wharf Resources reports net income for the first nine months at $4.144 million(US) or 29 cents per share (38 cents C) after preferred share dividends, compared to $1.273 million or 13 cents per share…
News
Metal Prices FREE MARKET (November 16, 1987)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Nov. 10 Nov. 9 Nov. 6 Nov. 5 Nov. 4 Copper 1405-1410 1330-1335 1340-1345 1240-1250 1219-1221 Lead …
Editorial Recognition is well deserved
The mining industry is not one that receives a great deal of attention from the general public. It receives even less applause. We in the industry are well aware of the contribution mining makes to so…
Open cut blast planned by Wye
A stripping program has been completed on the Saganaga Lake property owned by Wye Resources. Located 140 km west of Thunder Bay, Ont., the property covers several gold showings associated with quartz-…
Villeneuve in Mishibishu
An exploration program is in progress on ground held by Villeneuve Resources in the Mishibishu Lake area. Located west of Wawa, Ont., the property is believed to host geology similar to that occurring…
Investment Comment Falconbridge among lasting values
As the world’s stock markets continue to suffer the aftershocks of the infamous Black Monday, a number of major brokerage houses have published glossy booklets advising investors to keep on buying. “D…
Inco to spend $26.9 million on mine project
A major mining development project has been announced by Inco Ltd. for its underground nickel-mining operations at Thompson, Man. The project, valued at $26.9 million, involves development of the 1-C …
Golden Rule gets interest in La Ronge gold prospect
Golden Rule Resources has a 30% interest in a major new gold discovery located on two contiguous joint venture properties in the La Ronge area of Saskatchewan. During the last month, an initial 5,000-…
Lack of infrastructure slows growth in northwest B.C.
Northwest British Columbia is a vast area with significant mineral potential. Having examined this region on a variety of occasions over the past 10-15 years, the provincial government has noted that …
B.C. mining generates loss for fifth consecutive year
Although the situation has improved this year, British Columbia recorded its fifth consecutive year of losses in 1986, a Price Waterhouse report concludes. The survey of 30 separate mining companies, …
Gulf Intl. results
A drill program by Gulf International Minerals on the company’s McLymont claim group has cut 13 ft grading 0.82 oz gold per ton. Another hole assayed 7.7 oz of gold across 6.6 ft. The claim is located…
La Fosse has spent $5 million to date on PGM exploration
La Fosse Platinum Group, a company set up specifically to look for platinum group metals in the Labrador trough area near Schefferville, Que., in its first quarterly report says it has completed $5 mi…