Earnings Reports (December 26, 1988)
Landmark Corp. (TSE) of Toronto reports a net loss for the 9-month period ended Sept 30 of $6.14 million or 23 per share on revenue of $4.92 million. For the same period a year earlier the company re…
Articles by Northern Miner Staff
Esso expects bids in New Year
Bids will likely start coming in during the first week of January for the assets of Esso Minerals Canada, which were put on the selling block earlier this year by parent Imperial Oil. President Michae…
Hanson zinc-copper deposits firms up
Drilling by Cameco — A Canadian Mining & Energy Corp. on the Hanson Lake property has outlined three sulphide lenses displaying the potential for hosting in excess of three million tons of zinc-coppe…
Talk of platinum-free converter sends metal’s price reeling
The spot price of platinum dropped about $100 recently following an announcement in the United States by the Ford Motor Co. that it is developing a catalytic converter which does not require the metal…
John Hansuld – 1988’s Mining Man of the Year
In an industry where the brightest geologists often go unrewarded with even one major discovery, the development of a gold mine is considered an achievement not to be taken lightly. So when a junior r…
Placer taking control of La Coipa
A gold and silver mining project in Chile with proven and probable reserves in excess of five million gold equivalent ounces appears to be on its way into the international property portfolio of minin…
Normetal meeting
A general and special meeting is being organized by Normetal Mining Exploration (ME) for Dec 21 at Rouyn-Noranda, Que., at which shareholders will vote on a private placement worth $400,000 with Socie…
Skyline increases production at troubled Johnny Mountain
Still grappling with startup problems at its wholly- owned Johnny Mountain mine in the Iskut River area of British Columbia, Skyline Explorations (TSE) may be starting to see some light at the end of …
COATS trading features (December 19, 1988)
This week, mining issues drifted slightly lower on thin volume. Exxeter Resources continues to be one of the few active traders. It was slightly better this week with 218,000 shares traded in the 37 …
Athabaska Gold resumes drilling at Nicholas Lake
Encouraged by recent drill results that included intervals of 77.8 ft of 0.388 oz gold and 30.7 ft of 0.32 oz gold, operator Athabaska Gold Resources (VSE) has resumed diamond drilling on the Nicholas…
Longreach to drill platinum prospect in Tulameen
In order to earn a 50% interest in the Grasshopper project in the Tulameen area of B.C., Longreach Resources is carrying out a follow-up percussion drill program to test platinum values encountered in…
Beauchamps purchase
Beauchamps Exploration (VSE) has acquired a 48-claim property in Surimau Twp., Que. Located 16 km south of Cadillac, the property was purchased for $8,000 and 100,000 Beauchamps shares at a deemed val…