Editorial Tax reform will not be delayed
It seems the suspense over Federal Finance Minister Michael Wilson’s tax reform proposals and whether or not he will make changes in flow-through share financing will not be too prolonged after all. …
News
Stralak options Mexican gold bet, considers zinc mine
It has been a while, but Vancouver-listed Stralak Resources is back in the news. This time it has entered into an agreement with a mining company in Mexico to acquire an interest, up to 49% over the n…
Toronto Stock Exchange Golds steams ahead over the 9,000 level
Golds picked up steam this week thanks to that on-again off-again U.S. dollar. An advance of 336.44 pts pushed the gold and silver index back above the 9,000 level to 9,233.24. On commodity markets go…
Reg planning drill program
Reg. Resources Corp. says it plans a drill program this year on its Silverknife claims. These claims are located in the Liard Mining Division in northern British Columbia, contiguous to the Regional R…
Kasner companies get flow through
Junior companies within the Kasner Group, have raised a total of $2.5 million via a private placement of flow-through shares to MVP Exploration (1987) and Co. Sholia Resources will receive $500,000 as…
COATS Trading Features (May 11, 1987)
Card Lake Resources continued to make gains, closing at $1.65-$1.70 — up from $1.50 last week. Company President Paul Zyla says drilling has started on Card Lake’s gold property in Harker Twp., east …
Marker active in Baie Verte
Alberta-listed Marker Resources has staked some 318 mineral claims covering 12,700 acres in the Fleur De Lys area of the Baie Verte Peninsula of Newfoundland. President Gordon Barron says this ground …
Metal Prices FUTURES PRICES N.Y. Commodity Exchange (May 11, 1987)
Week’s High Low Close Change COPPER (in US cents per lb.) May 65.00 64.15 64.90 + 2.85 July 64.25 63.45 64.20 + 2.15 Sept. 64.0…
Westmin increases profit, plans gain
A sharp increase in net earnings was reported by Westmin Resources in its first quarter. Earnings reached $5.3 million compared to $1.6 million in the same period last year. Including a provision for …
Placer, Dome/Campbell to merge
In what will certainly represent the largest mining merger in Canadian history, Placer Development, Domes Mines, and Campbell Red Lake Mines have agreed to form a new company which will have a market …
Granges to get Ican shares
An extension has been secured by Granges Exploration to acquire 3.3 million shares of Ican Minerals on a share exchange basis. Citing “unavoidable delays encountered in acquiring drill hole samples fo…
Iron ore workers approve contract
Iron Ore Company of Canada workers at Labrador City, Nfld., members of USW Local 5795, have approved a new contract. Terms of the contract were not disclosed. The union local is the bargaining unit fo…