Gibraltar earnings best in eight years
The continued strength of copper prices into 1989 has Gibraltar Mines (TSE) tallying up the highest quarterly earnings in eight years from its mining operations near Williams Lake, B.C. The Placer Dom…
Articles by Northern Miner Staff
Galactic Res. struggles to shake “one-mine” image
Wounded by the failure to deliver on promises made at its Summitville gold mine in Colorado, Galactic Resources (TSE) and its ebullient chairman, Robert Friedland, have faced the brunt of investor dis…
COATS (over-the-counter) Lackluster trading
It was quiet on the COATS mar- ket this week with most mining issues either unchanged or slightly lower. Exxeter Resources was the volume leader with trading in the 43 cents -48 cents range, down mar…
More R&D money needed to keep Canada competitive
Mining companies need to almost double the money they now spend on research and development, says Henry Brehaut, senior vice-president operations at Placer Dome. Speaking at the opening session of the…
Cominco Res. looks for more than gold
Cominco Resources International (TSE), the 58.6%-owned subsidiary of Cominco Ltd. (TSE), “will be as much a base metals company as a precious metals one,” President George Tikkanen told the annual mee…
AquaGold financing
AquaGold Resources (ASE) recently raised $250,000 through CMP 1989 Resource Partnership to fund exploration on the company’s Newfoundland projects. President William MacPherson says an airborne geophy…
Teck buying more GKR
The Toronto Stock Exchange has accepted a notice of intention from Teck Corp. (TSE) to purchase shares of Golden Knight Resources (TSE) and Trilogy Resource Corp. (TSE) on the open market. Teck may pu…
Armistice testing deep Kerr zone
The drilling of the first of several deep holes from the 2250 level to test the Kerr zone is under way at the Virginiatown, Ont., gold project of Armistice Resources (ME). The holes are part of a 35,0…
CEIP to host workshops
A series of workshops is being scheduled by Energy, Mines and Resources Canada to help prospectors and mining executives understand key features of the Canadian Exploration Incentive Program (CEIP). A…
Louvem in default of gold payment
Quebec gold producer Louvem Mines (TSE) reports that it is in default of a deposit of 1,440 oz gold to a reserve fund which should have been deposited with a trustee by April 1. Louvem says it will as…
Cons. Silver Butte in gas exploration
Consolidated Silver Butte Mines (VSE) has begun to diversify into the petroleum and natural gas business. The company recently acquired a 10% working interest in six sections of oil and gas lands in s…
Dolphin expands Nfld. land holdings
Three potential gold-bearing claim blocks have been added to the property inventory of Dolphin Explorations (TSE) in southwestern Newfoundland, the company reports. The Phillips Brook extension, a 46-…