Asamera spin off to hold mine assets
The mineral assets of Asamera Inc. will be placed into a new wholly-owned subsidiary, the company reports. Called Asamera Minerals, the Canadian company is expected to offer up to 15% of its treasury-…
News
Page-Williamn crucial to Lac
The importance of the rich Page- Willians gold mine at Hemlo to Lac Minerals is clearly spelled out in the company’s quarterly financial results for the period ended March, 31. The mine, awarded to In…
Falconbridge subsidiary looks to profitable 1987
Its laterite nickel operations near the city of Bonao have become the envy of Falconbridge Ltd.’s competitors. It is also helping out the economy and the exports of the Dominican Republic, especially …
Rio Algom is plagued with its potash problems
Potash problems have caught up with Rio Algom Ltd. and have taken a 33% bite from the company’s bottom line in this first quarter. And it is enough of a bite that Chairman and ceo George Albino warned…
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-…
Quebec Cobalt, Arrowhead plan an amalgamation
Richard Evarts, president of Quebec Cobalt and Exploration and John McDougall, president of Arrowhead Gold Mines announce the proposed amalgamation of the two companies. The amalgamation is subject to…
Vista flow through to raise $5.5 m
Private placements totalling $5.5 million have been arranged by Vista Mines. The money will be issued in 1987 and 1988 in exchange for Vista flow-through shares which will be taken up by two flow- thr…
Achates completes sampling program
Recently completing a reconnaissance basal till sampling program in the central part of its 4,940-acre Vanier-Disson property, located 60 km southeast of the Casa Berardi area, was Achates Resources o…
Abermin has loss for year
Abermin Corp. reported a net loss of $1.1 million in 1986 before extraordinary items. The loss included an exploration expense of $534,000 resulting from the abandonment of its Bullfrog and Black Beav…
Lornex runs against trend, reports improved profit
Most people would have to look pretty hard to find a porphyry copper mine in North America that is making a decent profit. But the massive Highland Valley Copper project of Lornex Mining and Cominco i…
Canadian bioleaching technology could get mine test in Australia
Vancouver-based Giant Bay Resources has taken an important step in putting its low-cost bioleaching technology to the test in an actual mining application. Last week the company signed a joint venture…
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…