Your Precious Portfolio
Toronto’s three precious metals funds stood up well to the ups and downs of gold prices. The goldbugs were having a field day late last summer when the price of gold popped up through the $440(US) mar…
News
EXPLORATION ’87 MINGOLD
A new company, Mingold Resources, has been formed to participate in the gold exploration, development and mining business in Canada. Initially the company will be private and owned equally by the Mino…
CROSS CUTS THE BOTTOM OF THE SEA
Cobalt-rich, manganese- oxide crusts, forming a thin layer of mineralization which covers some areas of the ocean floor in shallow water off the west coast of the U.S., have subplanted manganese nodul…
Editorial Flow-through gets at least a reprieve
There was good news — and a little bad news — in Finance Ministe r Michael Wilson’s recent budget, at least as far as the mining industry is concerned. The good news of course is that flow-through f…
EXPLORATION ’87 NORTHGATE
At presstime a final budget for exploration had not been determined at Northgate, but several affiliated companies had announced plans for significant expenditures in 1987. Norbeau Mines (40%-held by …
Canhorn options Gem Lake claims
Canhorn Mining Corp. has optioned its Gem Lake property to Mutual Resources. The Gem Lake ground is located in the Rice Lake area of Manitoba. Mutual, which is an affiliate of Teck Corp., has the righ…
EXPLORATION ’87 FALCO. COPPER
Control of Corporation Falconbridge Copper (cfc) changed hands in 1986 with the sale of 50% of its shares by Falconbridge Ltd. to Kerr Addison Mines. Kerr is enthusiastic to see cfc continue to operat…
50 YEARS AGO –MARCH, 1937– DOME’S SCHUMACHER WAS “SWEET BUY”
The first seven months’ work on the Schumacher veteran lot bought by Dome Mines shows the purchase price, plus 100% profit, already in sight. Bought late in May, 1936, this 160-acre lot, adjoining the…
LAW Some Ins and Outs of Royalties
Royalties, which have been a part of Canada’s mining industry since it began, come in all shapes and sizes. Their one common factor is that they require the grantor to pay money to the royalty-holder….
EXPLORATION ’87 BELMORAL
The $15 million Belmoral Mines will spend on exploration in 1987 is about evenly divided between its Val d’Or and Timmins camps. The strategic exploration plan calls for the company to solidify existi…
Sunmist flow-through
A $540,000 flow-through share financing has been completed by Sunmist Energy. An additional $600,000 is being negotiated, which if raised, will provide a total of $1.1 million for exploration of the c…
Think Innovation
A recent policy decision by the federal government states an intention to reduce R&D spending on mining- related projects. This means mining companies will be forced to finance the lion’s share of any…