1987

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…

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 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…

Kiena Gold Mines, which almost doubled its profit in 1986, (to $6,959,000 from $3,778,000 in 1985), plans a stock split of its common shares, on a two-for-one basis. Shareholders will be asked to appr…

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…

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 …

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…

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…

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…

Carolin Mines has thrown the ball back into the court of Intergold U.S.A. which claims to have found extremely high gold and platinum values in Carolin mine tailings (N.M., Feb 16/87). The company say…

A production decision for the Farley Lake gold deposit is scheduled to be made in 1988, partners Farley Gold and Manitoba Mineral Resources say. Located 25 miles east of Lynn Lake, Man., the deposit h…

Week’s High Low Close Change COPPER (in US cents per lb.) March 63.45 63.30 63.45 + 0.20 May 63.65 63.35 63.60 + 0.25 July …