Murray Pezim back in Corona fold
West-coast entrepreneur Murray Pezim and Galveston Resources have called off their legal action against International Corona Resources, Royex Gold Mining and related companies. At the same time, Mr Pe…
News
Profit prospects bright for Blackdome Mining
Paying three dividends in the first year of production is quite an accomplishment for any gold mining company, including a medium-sized one like Blackdome Mining. But not all mines are as successful …
Terra Mines defers Bullmoose decision
A net loss of $13.9 million has been reported by Terra Mines for 1986, compared with a net loss of $1.9 million for the previous year. Of the 1986 total, a writedown of the Bullmoose Lake gold propert…
Alberta Stock Exchange Gainers move on deals
Deals and drill results were behind the strong gains made by several issues on the Alberta Stock Exchange this week. Gunnar Gold posted a healthy 40 cents advance to $2.40. The company has acquired a…
Eastmain program is funded by MSV Resources
Eastmain Resources Inc., which holds interests in a large spread of ground in the East Main River gold area of northern Quebec owned by the “Opinaca Project,” reports that MSV Resources Inc. has now c…
Underground work under way by Skyline
Underground development work and drilling are under way at Skyline Explorations’ Reg property in northwestern, B.C. Two recent holes intersected what is believed to be an extension of the Zephrin zone…
Asamera spin off to hold mine assets
The mineral assets of Asamera Inc. will be placed into a new wholly-owned subsidiary, the company reports. Called Asamera Minerals, the Canadian company is expected to offer up to 15% of its treasury-…
Page-Williamn crucial to Lac
The importance of the rich Page- Willians gold mine at Hemlo to Lac Minerals is clearly spelled out in the company’s quarterly financial results for the period ended March, 31. The mine, awarded to In…
Falconbridge subsidiary looks to profitable 1987
Its laterite nickel operations near the city of Bonao have become the envy of Falconbridge Ltd.’s competitors. It is also helping out the economy and the exports of the Dominican Republic, especially …
Rio Algom is plagued with its potash problems
Potash problems have caught up with Rio Algom Ltd. and have taken a 33% bite from the company’s bottom line in this first quarter. And it is enough of a bite that Chairman and ceo George Albino warned…
Metal Prices FREE MARKET London Metal Exchange (May 04, 1987)
Spot closing prices in Pound Sterling per tonne Date April 28 April 27 April 24 April 23 April 22 Copper 894-896 880-881 870-871 877-878 897-898 Lead 386-387 373-…
Quebec Cobalt, Arrowhead plan an amalgamation
Richard Evarts, president of Quebec Cobalt and Exploration and John McDougall, president of Arrowhead Gold Mines announce the proposed amalgamation of the two companies. The amalgamation is subject to…