Pine Point results
Net earnings realized by Pine Point Mines for the 9-month period ended Sept 30, totalled $21.4 million or $4.62 per share. This compares with a net loss of $4.6 million or $1.02 per share realized dur…
News
Potash Co. loss on low price, closure
In the 9-month period ended Sept 30, Potash Co. of America, Inc. suffered an unaudited loss of $16.3 million, including an extraordinary charge of $3.9 million for shutdown expenses at its Saskatchewa…
MSV share buy nets Kerr two gold plays
An agreement to purchase about a 20% interest in junior-mining company MSV Resources has given Kerr Addison Mines a stake in two promising gold properties in northern Quebec. Kerr and msv have worked …
Supreme Court rejects motion filed by Metalore
An application filed by Metalore Resources to have certificates relating to a claim filed by Ontex Resources against Metalore removed, has been rejected by the Senior Master of the Supreme Court of On…
Letters to the Editor Union leaders hit on freer trade
Big union leaders should be ashamed of how they’re opposing freer trade. Bob White of the autoworkers, Shirley Carr of the clc and Jeff Rose of cupe are all indulging in irresponsible scaremongering o…
Western Canadian busy at Sulphurets
An exploration program has been completed on the Kerr property owned by Western Canadian Mining Corp. The program of drilling, trenching and geochemical surveys outlined three target areas which will …
Pro-or finds gold, chromium showings
Nine new gold and two new chromium showings have been discovered by Pro-or Mining Resources’ prospecting team at the Menarik property in the James Bay area of Quebec. The property is located within 7 …
Books (November 09, 1987)
Rock mechanics: Proceedings of the 28th U.S. symposium, in Tucson, Ariz., June 29-July 1, 1987, published by the University of Arizona, 1264 pages, $55(US). The 140 papers in the proceedings cover all…
World Bank deal with Exall]]
The International Finance Corporation, a division of the World Bank, will participate with Exall Resources in the latter company’s gold project in Ghana, West Africa. In return for arranging financing…
Bachelor Lake hopes for turnaround by 1988
According to the ancient adage, mines are made not found. Or to put it another way, it’s not finding but making the mine which separates the sheep from the goats of the mining world. Few companies kno…
Toronto Stock Exchange U.S. dollar weakness underlies market
Struggling equity markets around the world continued to display signs of fragility as nervous investors watched market indices move over wide ranges all week long. In the U.S., the Federal Reserve Boa…
METAL MARKETS South Africa`s effect on metal prices
The most important single item of news to be found in the bruising events flowing from the panic on world stock exchanges from Oct 19 on is that the gold price retained its value (while stocks did not…