Newfields sees cash-flow start by late 1987
Chelsea Resources, a company associated with Newfields Minerals, is looking at a production startup date of July 1988 on its 55%-owned Spotted Horse gold mine in Montana, a former producer active in t…
News
Investment Comment Tundra project gives Getty some potential
Recent drilling results from its Northwest Territories’ Tundra gold property makes Getty Resources an emerging junior gold stock which could soon produce 100,000 to 200,000 oz of gold annually. That’s…
Change at Maggie spurs option
There has been a management change at International Maggie Mines which has enabled the company to pursue an option agreement with Minnova Inc., formerly Corporation Falconbridge Copper. Millard H. Lut…
Moneta options Hananni ground
Nahanni Mines has optioned its 86-claim Michaud Twp. gold property to Moneta Porcupine Mines, President J. A. Harquail told shareholders at the Nahanni annual meeting. Moneta paid $50,000 on signing a…
Metal Prices PRODUCER PRICES (June 29, 1987)
ALUMINUM: MW U.S. Market 72.50 cents -74.00 cents per lb. (June 11, 1987). ANTIMONY: New York dealer $1.18-$1.23 per lb. (May 14, 1987). BISMUTH: New York dealer $3.35-$3.45 per lb. (June 4, 1987). CA…
Heap leach bets high on Cominco’s list
With $40 million in its treasury from a recent equity offering, Cominco Resources International is preparing to initiate work on 50 international mineral properties. Exploration work at Cominco’s Buck…
Canadian to speak at symposium
Two prominent Canadians are scheduled among speakers at the 12th anuual symposium of the Uranium Institute, to be held in London, England, Sept 2-4. They are Marcel Masse, federal minister of energy, …
Mining engineer shortage looms Education Foundation warning
With a shortage of highly trained mining and metallurgical engineers once again looming in this country, the Canadian Mineral Industry Education Foundation is stepping up its efforts to attract studen…
METAL MARKETS Base metals beat summer doldrums
Low inventory levels and a weak U.S. dollar are preventing a summer slowdown in base metals markets, and in precious metals the sideways action is a positive action, First Marathon Securities says in …
People (June 29, 1987)
M. A. Hanna Company — Garth W. Henry elected vice-president and comptroller.
Vancouver Stock Exchange Return to stability after plummet
The Vancouver market has finally stabilized after plummeting over 70 points early in the week. Heavily biased towards precious metals, it reacted negatively to weaker gold prices which resulted from a…
Flow-through isn’t through yet
Finance Minister Michael Wilson’s white paper on tax reform retains the concept of flow-through share financing for mineral exploration, but in a less generous form. Under current flow-through rules, …