A seasonal move upward could greet gold in ’87
A tendency for gold prices to hit a seasonal peak early in a new year could be repeated in 1987, says Paul Roberts, a mines and metals analyst with Andras Research Capital. He is not alone. The tradit…
News
Report from Calgary Cash flow down for Comaplex
Comaplex Resources International reports reductions in sales, cash flow and net profits for the first nine months of 1986 compared with the same period in 1985. Although revenue from the minerals divi…
Tashota Nipigon, Quinteko invest in McWatters bet
McAdam Resources has invited Tashota Nipigon Mines and Quinteko Resources to each earn a 25% interest in McAdam’s right to earn a 100% interest in the McWatters gold property in northwestern Quebec. B…
Golden Star’s Omai optioned by Placer
A joint venture proposal, made by Placer Development, has been accepted by Golden Star Resources, the company says. Golden Star controls the Omai gold deposit in Guyana, South America. The Placer deal…
Obituary Campbell Barrett
Campbell Barrett, a mechanical engineer who worked both in mining and in government and was a pioneer in enforcing mechanical safety standards in the mines of Ontario, has died, in Toronto, at age 76….
Winter program on Dasher’s claims in Casa Berardi area
A $415,000 winter exploration program is planned on Dasher Resources’ Casa Berardi claims in Montgolfier Twp., Que. The program is to be funded 70% by Dasher and 30% by American Barrick Resources whic…
Metal Snips (January 05, 1987)
Canadian production of refined copper in September increased to 47,014 tonnes from 42,040 tonnes in September, 1985. Primary copper production decreased to 62,702 tonnes from 63,570 tonnes. Gold produ…
Teeshin Resources arranges funding
Further funding has been arranged by Teeshin Resources for exploration work at its Dome Mountain gold-silver project near Smithers, B.C., reports its president, Stafford Kelley. The company has a comm…
Mineral processors to hold conference
The Canadian mineral processors division of the Canadian Institute of Mining and Metallurgy, (CIM), will hold an operators conference in Ottawa, Jan 20-22. The conference is being sponsored by the Can…
People (January 05, 1987)
Canadian Occidental Petroleum – Jerry R. Wright appointed executive vice-president and chief operating officer.
Petromet in deal on N.S. gold bets
Under a memorandum of agreement, Petromet Resources and Greenstrike Gold Corp. will spend $300,000 each by the end of February this year on the Nova Scotia mining properties of Onitap Resources. Locat…
The year in review Jockeying for position, reshuffling assets in
With so many in the industry jockeying for position over the past 12 months, 1986 may well go down in mining history as the year of the asset shuffle. More than one observer no doubt has been left scr…