Montreal Exchange Lull in the action
The wind seems to have gone out of the sails of the ME, with both the general market portfolio index and the mining and minerals index experiencing downturns. In the case of the latter, the index was …
Articles by Northern Miner Staff
War Eagle soars on drill results from Idaho bet
Additional drill results are awaited from the War Eagle Mountain property of War Eagle Mining Company (VSE) in southwest Idaho. Not only has the discovery been heavily promoted by the company but also…
Editorial (November 07, 1988)
A cabinet shuffle not long ago at the federal level eliminated the position of mines minister. If it is, as we hope, only a temporary situation and a new Member of Parliament is to be named to the pos…
Dejour, Noble plan major effort in ’89
A second-phase drill program has been completed by partners Dejour Mines (TSE) and Noble Peak Resources (ASE) on their Turquetil gold property. Located 140 miles southwest of Rankin Inlet, N.W.T., the…
Belmoral reports higher income, drop in output
Net income of $1.99 million (5 per share) on revenue of $20.3 million was reported by Belmoral Mines (TSE) for the first nine months of 1988, compared with $436,000 (1 per share) on revenue of $21.5 …
COATS Trading Features (November 07, 1988)
Several issues showed some life on the COATS system this week. Exxeter Resources saw increased volume with over half a million shares traded in the 45 -78 range. The company announced it has acquired…
Spirit Lake contemplates next target at Jacob Twp.
After releasing some of the latest results from its Jacobson Twp. gold property near Wawa, Ont., Spirit Lake Explorations (ME) is in the process of deciding where to begin the next phase of drilling o…
News-in-Brief
NovaGold Resources (TSE) reports $202,242 in cash as at Aug 31. The company withdrew a public issue earlier this year due to “adverse market conditions.” The company is seeking joint venture arrangem…
Weak U.S. dollar continues to hit Denison bottom line
While Denison Mines (TSE) plans to increase its uranium output to meet demand in the 1990s the company continues to suffer the effects of a weak in the United States dollar and a further drop in world…
Teck to develop Ajax orebody
Teck Corp. (TSE) has announced plans to develop its Ajax copper-gold deposit near Kamloops, B.C., about six miles from its Afton mill. Theproperty is held by Afton Operating Corp. a 73%-owned subsidia…
Preliminary Ore Reserve Released For Bellavista Project
Results of a preliminary ore reserve and open pit design study undertaken on the Bellavista gold project in Costa Rica were recently released by project operator, Rayrock Yellowknife Resources (TSE). …
Echo Bay To Develop Doc Property in Sulphurets Camp
A major work program under the direction of Echo Bay Mines (TSE) is under way at the Doc property near Stewart, B.C. Earlier this month, the major mining company was granted an option to earn a 50% wo…