Queries What ever happened to Nickel Rim?
What-ever happened to Nickel Rim Mines’ plans to change its name to Colosseum Gold Mines? P.O., Toronto, Ont. Phew] Where does one begin? As recalled last July the shareholders of Toronto-listed Nic…
1987
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…
Newfields and Teck reach agreement for Kirkland Lake
The terms of an agreement have been settled between Newfields Minerals and Teck Corp. regarding the companies’ respective properties in the Kirkland Lake gold camp of Ontario. Newfields may earn a 50%…
Gold jumps to 2nd place in Ontario
Gold jumped into second place behind nickel as Ontario’s most important mineral in terms of value in 1986, the province’s ministry of northern development and mines reports. The value of production of…
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…
Production decision nearing for Chesbar
Exploration work by Chesbar Resources is progressing well on the Chester Twp. property in northern Ontario, so well in fact that a decision may be made this summer on going into gold production. Chesb…
Noranda Exploration to start work on Capricorn bet
Noranda Exploration plans to start work shortly on the Capricorn gold property at Rouyn, Que., following the lifting in late February of a court injunction preventing any work from being conducted. No…
Vancouver Stock Exchange Trading heaviest in years
While the market momentum has slowed somewhat, trading activity here is still the heaviest in years. Investors have started to take profits but the general market trend continues to be bullish, and wi…
Alberta Stock Exchange Gold stays strong
The upward climb of Monte Carlo Resources has come to a shuddering halt. After adding $1.80 to $2.80 during a four-week period, the issue has tumbled even quicker, back to $2. Monte Carlo has a large …
Thompson-Lundmark gives up interest
Consolidated Thompson-Lundmark Gold Mines has given a 50% interest in its former producing gold property to Ardic Exploration and Development; a private company. Ardic earned its interest in the prope…
Teck, Tundra drift into visible gold
Underground exploration work on a section of the Lamaque gold property near Val d’Or, Que., has encountered visible gold in drift faces. Teck Exploration, which is performing the work funded by Tundra…
Metal Prices FUTURES PRICES N.Y. Mercantile Exchange (March 23, 1987)
Week’s High Low Close Change PLATINUM (in US$ per oz.) March — — 523.40 + 4.70 April 525.50 518.40 524.40 + 4.50 July 531.0…