United Keno has near-million loss in quarter
A loss of $961,000 or 30 cents a share is reported by United Keno Hill Mines for the 1987 first quarter. It compares with a loss of $697,000 or 24 cents a share in the similar period last year. The c…
1987
Editorial Prescription for a mineral policy
The following guest editorial is from George Miller, managing director, The Mining Association of Canada, Ottawa. The Honorable Gerald Merrithew, Minister of State (Forestry and Mines), is expected …
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…
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-…
Toronto Stock Market Golds drop after a wild ride on a
It was a turbulent week for gold shares as the price of the yellow metal on commodity markets swung wildly as hope for more stability in the U.S. dollar took hold. On Monday, the price of gold shot up…
Aber encouraged at Russell Lake
Encouraging assay values have been received by Aber Resources from the company’s S.P. property near Russell Lake, N.W.T. Two holes in the main zone intersected multiple gold-bearing zones. Hole 36 cut…
Savanna drilling cuts sulphides, gold
In-fill drilling by Savanna Resources on the company’s Turner Albright massive sulpide deposit has cut wide sections of sulphide and gold mineralization. The property is located in Oregon. Hole 60 int…
Decline is completed at La Ronge Jolu bet
An underground decline has been completed at the Jolu property in the La Ronge area of Saskatchewan. Royex Gold Mining is operator for the joint venture which includes Canadian Premium Resource Corp. …
Energy to drill in Timmins area
A program of line-cutting, geophysical and first phase of a diamond drilling program is planned by Alberta-listed Energy International Overseas Corp. on its newly- acquired Bernier group of claims nea…
Merger proposed for 2 companies
The directors of Golden Rule Resources and Goldsil Resources are recommending to their shareholders that the two companies merge. The amalgamated company will issue each shareholder of Golden Rule 1.5…
McFinley placement to raise $5 m
McFinley Red Lake Mines has entered into an agreement with Alexandra Mining, a private Bermuda-based company, for a private placement of McFinley shares. When completed, the deal will gross McFinley $…
Platinum seminar
The third international platinum seminar organized by Metal Bulletin and Futures & Options World will take place May 21 in London, England. Speakers confirmed for the seminar include Kevin Gribbons of…