Base metal prices will on average be some 25% higher next year than in 1986, boosting mining industry profits substantially in North America, the latest Metals Analysis and Outlook publication from Lo…
Ontex Resources has reached an agreement with Cherbourg Gold Mines to acquire its 10% net profits interest in 15 mining leases in Irwin Twp., Ont., which abut the Brookbank property on the west. The t…
ALUMINUM: MW U.S. Market 72.50 cents -74.00 cents per lb. (July 1, 1987). ANTIMONY: New York dealer $1.15-$1.20 per lb. (June 25, 1987). BISMUTH: New York dealer $3.25-$3.40 per lb. (June 25, 1987). C…
A market rally pushed the tse to record levels for the second week in a row, with metals and other resource issues counting for their fair share of the trading activity. The tse composite 300 index, w…
Belmoral Mines has completed the financing of 4.3 million units at $6.50 per unit with McLeod Young Weir International, the mining company reports. The financing raised an aggregate $27,950,000. The u…
Drilling is scheduled to begin within the month on Lord River Gold Mines’ Pellaire property 120 miles north of Vancouver. Cons. Silver Standard Mines is the company’s largest shareholder with a 41% in…
Entering into an agreement, subject to regulatory approval, for the joint exploration and development of the Beaufor property in Pascalis Twp. in northwestern Quebec are Perron Gold Mines and D’Or Val…
COATS-listed Luxor Explorations has announced a private placement issue for an aggregate consideration of $238,464. Under the terms of the placement, Luxor issued 1,028,858 common shares and a share p…
An agreement under which it would acquire a 62.5% controlling interest in Hidden Lake Gold Mines has been reported by Ardic Exploration and Development, a private company based in New York. Ardic hold…
A deal has been struck among Ste. Genevieve Resources, Stratmin Inc. and 2438-8456 Quebec Inc. whereby Ste. Genevieve and Stratmin have acquired the numbered company’s option on the Courville gold pro…
The American Mining Congress says the most complete mining show ever held in the U.S., will be staged April 24-28 next year, at Chicago’s McCormick Place. For the first time, MINExpo International ’88…
Construction work has started on the Ketza River project of Canamax Resources and Pacific Trans Ocean Resources. Camp facilities are being installed, clearing of the mill site is under way, and road a…
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