Canarim reaps benefits of understanding risk
“We understand risk.” According to William Cara, manager of the Toronto office of Canarim Investment Corp., that’s the underlying philosophy which propelled Canarim to its number one spot as the large…
News
NSR Resources
Toronto-based NSR Resources has entered into an agreement with Middlefield Resources Ltd. to raise 2.8 million for its share of an exploration program on the Rand Malartic gold property in Fourniere T…
Exploration work planned by Energy
A program of line cutting, geophysical and first phase of a diamond drilling program is planned by Alberta-listed Energy International Overseas Corp. on its newly- acquired Bernier group of claims nea…
Metal Prices FREE MARKET London Metal Exchange (June 15, 1987)
Spot closing prices in Pound Sterling per tonne Date June 9 June 8 June 5 June 4 June 3 Copper 951-952 957-958 913-914 946-947 938-939 Lead 371-373 38…
Cogesco investment at $28-million mark in six properties
Cogesco Mining Resources calculates its total investment in joint ventures on six exploration properties in northwestern Quebec stands at $28 million, including the $16 million the company invested in…
MFC earnings
MFC Mining Finance Corp. reports first quarter consolidated cash flow of $4 million, and consolidated net earnings of $717,730. Working capital increased during the period by $2,500,000 to $12,900,000…
Sikaman builds reserves on Ghana bet
Reserves in the Bogosu concession in Ghana have been increased by equal partners Sikaman Gold Resources and Denison Mines, Sikaman President A. T. Griffis says. An exploration program, under way since…
Record Trout Lake production boosts Manitoba balance sheet
Record production from Manitoba Mineral Resources’ Trout Lake mine and a reduction in exploration expenses during l986, necessitated a splash of black ink on the company’s balance sheet. The Manitoba …
Road extension to benefit Toodoggone
The decision by Cheni Gold Mines (formerly Serem) to develop its Lawyers property north of Smithers, B.C., should benefit other operators in the region. While the exact impact is difficult to quantify…
Underground program likely on Mooseland bet in N.S.
The log-jam of assay results in Atlantic Canada has been broken. Tse-listed Acadia Mineral Ventures has received encouraging assay results from 32 of 51 holes drilled on its Mooseland property in Nova…
Strong sections drilled at Teck/Tundra’s Lamaque
Underground drilling by partners Teck Corp. and Tundra Gold Mines on property near the closed Lamaque mine at Val d’Or, Que., has intersected several strongly mineralized sections. Hole 13804, drilled…
People (June 15, 1987)
Northair Mines — H. G. Ewanchuk appointed to the board of directors.