Camindex prepares debenture issue
A private placement of $13,609,000 of 3% convertible debentures has been arranged by Camindex Mines. Of that total, the company reports, $6.1 million represents a rollover of existing debt and $7.5 mi…
News
Vancouver Stock Exchange Market turns more positive
The Vancouver market has turned a bit more positive. Although gold hasn’t performed too well lately it’s still at a very respectable level. Indeed, the price is well above the cost of production for m…
Cornucopia to drill Arizona gold bet
A production decision is expected by the end of this year on a gold property it holds northwest of Phoenix, Ariz., according to Cornucopia Gold Mines. A reverse circulation drill program to expand res…
Editorial B.C.’s economic well-being at stake
The degree of polarization in British Columbia politics has generally exceeded that of other provinces. So the present dispute between organized labor and Premier William Vander Zalm over his controve…
Golden Pacific takes on B.C. bets
Golden Pacific Resources says it has an agreement in principle with a B.C. company to acquire a 51% interest in a 50-claim block in the Caribou mining division of B.C. It adds it has also purchased th…
Saxton announces changes in board
The board of directors of Saxton Industries has announced a number of appointments and resignations. Austin P. Page, formerly vice- president and chief financial officer of Saxton Industries and Saxto…
Golden Shield buys Kerr Addison mine
Golden Shield Resources has successfully completed the purchase of the old Kerr Addison mine and mill complex at Virginiatown, Ont., for approximately $38 million. The deal also gives Golden Shield a …
Metal Prices PRODUCER PRICES (July 13, 1987)
ALUMINUM: MW U.S. Market 73.00 cents -74.00 cents per lb. (June 25, 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). …
FUTURES PRICES (July 13, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) July 76.20 73.70 76.15 + 3.80 Sept. 75.25 72.70 75.15 + 3.70 …
Equity Silver on profit path
Probably more so in mining than any other industry timing is everything. Even the best-conceived production plans are subject to unpredictable changes in metal markets — something that Equity Silver …
Road completed for Novamin
Construction of an all-weather road to Novamin Resources’ Rundle gold property, 65 miles southwest of Timmins, Ont., has been completed. During t he past year the company has completed more than 55,00…
Alberta Stock Exchange Zahavy moves up (July 13, 1987)
While Lt.-Col. Oliver North’s failure to implicate Ronald Reagan in the Iran-contra affair boosted trading in New York and Toronto, investors in Calgary seemed oblivious to the latest developments in …