1987

Sale of an interest in a nickel exploration property helped give Hudson Bay Mining and Smelting a first quarter profit of $14.8 million on revenues of $76.6 million, compared with a net loss of $3.8 m…

A first-quarter profit of $20,000 was recorded by Laduboro Ltd. (formerly Laduboro Enterprises) of Montreal compared with a profit for the same period in 1986 of $31,800. Revenues during the quarter w…

Card Lake Resources continued to perform on the coats system, trading to a new high of $2.30. News from the company’s gold play in the Harker-Holloway area east of Matheson, Ont., continues to be good…

Mines in Ontario are subject to three separate levels of taxation: federal income tax, Ontario income tax and Ontario mining tax. The Ontario Mining Tax Act imposes a 20% tax on taxable mining profits…

In addition to a previously announced flow-through financing of $540,000, Sunmist Energy has secured $600,000, at 65 cents per share, from First Exploration Fund l987 and Co. The amount will be spent…

The results of a preliminary drilling program conducted recently on Continental Exploration’s and Ronrico Exploration’s 30-claim group in Gaudet Twp., Que., have produced some encouraging results. Aft…

It wasn’t the most active stock on the market this week — 58,600 shares changed hands — but Noble Peak Resources was certainly one of the best performers. The exploration company continued a two-wee…

Jobs at all levels of mining are being slashed in the headlong rush to improve productivity and cut costs. As a result, corporate loyalty is dying. Although money has been saved in the short term, the…

Batten down the hatches. The last five trading days on the tse have been anything but smooth, as the gold and silver index continued to lose ground. At today’s close, the index gave up another 1.3% as…

The National Research Council has opened a Biotechnology Research Institute in Montreal. The centre, equipped with pilot plant facilities, will be used to carry out research and development work in bi…

Goulds Pumps Canada (Mississauga, Ont.) has published two new technical brochures that give specifications on its entire line of pumps. Featured is the company’s new line of double suction pumps which…

Ore Sorters of Lakewood, Colo., and Orevco Inc. of Peterborough, Ont., have commissioned a mobile, computerized ore-sorter that can be used to pre-concentrate gold ores and dump material. The new unit…