Vancouver Stock Exchange (March 02, 1987)
The agreement by major industrialized nations to halt or at least control the fall of the U.S. dollar should have been bad news for gold. But Brazil’s decision to suspend payments on its international…
News
Denison’s master plan: a better bottom line
When Denison Mines Chairman Stephen B. Roman stands up and tells a packed room of shareholders that he has no grand strategy for the company, one only has to look at the bottom line to see otherwise. …
EXPLORATION ’87 RAYROCK
Rayrock Yellowknife Resources and Discovery West Corp. are related through intercompany shareholdings and are active in minerals and oil-and-gas production and exploration. Discovery is a new company …
McAdam is an undervalued play
On the lookout for undervalued gold stocks? One that fits the bill is Toronto-listed McAdam Resources. The combination of its property portfolio, competent technical management and strong financial po…
Orofino underground work may lead to gold production
Orofino Resources says it is looking at the possibility that its wholly- owned Scadding gold property about 20 miles northeast of Sudbury, Ont., could go into production by the end of this year. The c…
Letters to the Editor CANMET gearing for the future
I read with interest your recent editorial on the changing times and the role that the Canada Centre for Mineral and Energy Technology, (CANMET), must play in the future. I thought I would write to le…
Imperial Metals acquires interest in uranium deposit
Imperial Metals has picked up an 18.7% beneficial interest in the Crow Butte in-situ uranium deposit in Nebraska. With reserves estimated at over 40 million lb and capital/ operating costs expected to…
Metals stage comeback for Cominco Ltd. in 1986
The mining and integrated metals sectors of Cominco Ltd. posted a dramatic turnaround in 1986 but the results were largely offset by continuing weakness in its fertilizers division. Ironically that di…
Acadia anticipating major exploration program in N.S.
Toronto-listed Acadia Mineral Ventures has $5.4 million in flow- through money “locked in” to finance some major exploration work in Nova Scotia over the next 12 months. Commitments have been received…
EXPLORATION ’87 SHERRITT
Sherritt Gordon Mines and its subsidiary, Sherrgold Inc., will be continuing their exploration efforts in northern Manitoba around Lynn Lake and northwestern Ontario, including projects near Red Lake,…
Better earnings help Brunswick reduce losses
An improved fourth quarter allowed Brunswick Mining and Smelting to cut its 1986 loss to $6.9 million, compared with a loss of $5.6 million in 1985. Net earnings during the last quarter of 1986 were $…
EXPLORATION ’87 ELDOR
Eldor Resources will continue to concentrate its search for uranium in 1987 on lands adjacent to the Rabbit Lake and Key Lake mills in northern Saskatchewan, says David Fountain, general manager explo…