Yukon platinum target of All-North
In Canada, platinum group metals are produced as a by-product from nickel mining operations in the Sudbury basin. They generally occur in small concentrations and are not an important economic conside…
News
April action hot
For the fourth consecutive month, a new record level was established on the Toronto Stock Exchange for share volume traded in any one month. In April, shares traded rose to 761.4 million, a 3.1% incre…
Rayrock profit up in 1st quarter
Earnings in the first quarter this year of 20 cents a share, before taxes and exploration expenses, compared with 11 cents a share for the 1986 first quarter, are reported by Rayrock Yellowknife Reso…
PEOPLE (May 25, 1987)
Association of Professional Geologists and Geophysicists of Quebec — France Goupil elected president succeeding Pierre M. Crepeault.
Metal Prices FREE MARKET London Metal Exchange (May 25, 1987)
Spot closing prices in Pound Sterling per tonne Date May 19 May 18 May 15 May 14 May 13 Copper 916.50-917.50 922-923 922-923 905-906 916.5-917.5 Lead 412-415 …
Feds table blueprint to aid Canadian mining
Minister of State for Mines Gerald Merrithew has unveiled here a new federal mineral policy, which presents a 6-point program designed generally to help get the mining industry in Canada back on track…
Malartic profit
Malartic Hygrade Gold Mines reports first quarter 1987 net income of $447,663, or 12 cents a share, against net of $459,498, or 13 cents a share, in the similar period last year. Revenue in the late…
Phase two work started by Vista
Vista Mines reports extensive exploration will be conducted on the WC-1 zone on its Bootleg Lake- Rio deposit mineral leases in northeastern Saskatchewan. The company started a phase II drill program …
Alcan staging construction of new smelter
A new aluminum smelter for Chicoutimi, Que., has been announced by Alcan Aluminum, with construction to be phased in over a five-to-seven-year period. First phase of the Laterriere smelter, to be buil…
Campbell Res. shows profit in 1st quarter
A first-quarter net profit this year of $349,000 was recorded by Toronto-based Campbell Resources, compared to a loss of $4.6 million for the same period last year. Taking into account discontinued op…
Total Erickson shopping for another acquisition
With no bank debt and a $10-million line of credit, Total Erickson Resources is looking for a new acquisition in either the oil and gas or mineral sectors. President Jean-Pierre Januard also told the …
Lencourt is positive on silver property
A positive feasibility study has been received by Lencourt Ltd. for the company’s silver property near Gowganda, Ont. The report concludes that the property be brought to production to yield 350,000 o…