Firms discuss joint venture
Toronto-listed International Platinum Corp. has signed a letter of intent with Degussa A.G. to enter into further negotiations on a joint venture exploration agreement regarding several of the former’…
Articles by Northern Miner Staff
Firm forecasts price of gold
Know what the price of gold will be in a year or 18 months’ time? You don’t have a clue? Well, Martin Murenbeeld thinks he does. Mr Murenbeeld is president of M. Murenbeeld & Associates Inc., a Toront…
Predict 50% increase in Wharf gold output for 1987
Chronically under-financed, Wharf Resources has struggled to maintain production at its Annie Creek gold mine near Lead, S.D. But the company appears to have turned the corner and with record precious…
PRODUCER PRICES (March 23, 1987)
ALUMINUM: MW U.S. Market 62.50 cents -64.00 cents per lb. (Mar 5, 1987). ANTIMONY: New York dealer $1.08-$1.14 per lb. (Feb 26, 1987). BISMUTH: New York dealer $2.50-$2.70 per lb. (Feb 26, 1987). CADM…
Option earned in gold site
An option to earn a 50% interest in the Bapst Twp. property owned by Fairfax Bay Resources in the Casa Berardi gold area in northwestern Quebec has been obtained by Yorbeau Resources. Yorbeau Presiden…
Nuinsco/ Seadrift active in Quebec
With a healthy funding package in place, activity is continuing at a brisk pace with seven drills in operation at the Aldermac and Lac Dufault prospects held in joint venture with Toronto-listed Nuins…
Teck, Tundra drift into visible gold
Underground exploration work on a section of the Lamaque gold property near Val d’Or, Que., has encountered visible gold in drift faces. Teck Exploration, which is performing the work funded by Tundra…
Metal Prices FUTURES PRICES N.Y. Mercantile Exchange (March 23, 1987)
Week’s High Low Close Change PLATINUM (in US$ per oz.) March — — 523.40 + 4.70 April 525.50 518.40 524.40 + 4.50 July 531.0…
Toronto Stock Exchange Trading still lively after all these weeks
Well into the third month of the new year and still the pace of trading has not slackened. If anything it’s becoming even more hair- raising with records being shattered right left and centre. The com…
Tournigan financing
Tournigan Mining Explorations plans to raise net proceeds of $500,000 from a private placement which the company says will be added to its general working capital. As the company’s agent, Deacon, Morg…
Eastmain on TSE
A private company recently “gone public,” Eastmain Resources Inc. had its shares listed on the Toronto Stock Exchange this week. This company has been carrying out an ambitious exploration program for…
Editorial Throwing out the baby with the bathwater
The following guest editorial on the vital subject of flow-through financing was written by John Playfair and Barry Dent, tax partners at Clarkson, Gordon, Toronto, and authors of a regular tax column…