Euro-Nevada to sell Hasbrouck property
With a first-quarter cash position of $8.4 million, Euro-Nevada Mining of Toronto considers itself well financed to seek royalty acquisitions in the Carlin gold belt near Elko, Nev. Incorporated last …
Articles by Northern Miner Staff
Exploration activity has businesses in Red Lake booming
Mineral exploration has been a boon to the Red Lake, Ont., district during the past year. In fact, the sum total of employment generated by those looking for mines rivals that of the Campbell Red Lake…
The ongoing saga of the huge – and hapless – Ok Tedi mine
The mineral specimens were magnificent — massive magnetite- chalcopyrite, boulder-sized. The geologists had just brought them in from the field, 2000 miles by foot, helicopter and ‘plane. It was late…
Success at Nickel Plate and Hedley revives skarn interest (March 07, 1988)
Skarn-type deposits have been minor but steady producers of gold throughout history. More than one million kilograms of gold have been produced from 50 skarn deposits worldwide. This represents only t…
Letters to the Editor Busy at Red Lake
As a long-time resident of Red Lake, I saw large scale exploration carried out in 1945-49 when over 100 properties were being worked, with two prolific gold mines found — Campbell and Dickenson. Thes…
Galactic earnings
Galactic Resources reports net income of $1.8 million(US) or 7 cents per share for 1987 compared to a $25.6-million or $1.30-per-share loss a year earlier. The company’s fourth quarter net was $1.4 m…
Alberta Stock Exchange Argus big trader
The Winter Olympics may be over, but Argus Resources led the pack this week trading over 1.2 million shares in three days. Those are big numbers for an Alberta listing and they reflect continued drill…
Vancouver Stock Exchange Tone appears positive
Despite lower gold prices and a stronger Canadian dollar, there is a much more positive tone to the Vancouver market this week. Brokerage month-end, which has tended to depress stocks recently, is no …
Editorial Playing games with tax laws
Taxes are a necessary evil, the cost of living and doing business in Canada. It’s easy to complain about them until one considers the alternatives. But if taxes are a fact of life, the games that go…
Gold is down the road, Denison chairman says
Gold might help the share price of Denison Mines, but it’s not likely the company will be into the gold business for some time yet. Following the annual meeting, Chairman Stephen Roman said that the c…
B.C. Mines Minister wants to abolish mining royalties
British Columbia’s Mines Minister Jack Davis is arguing for a level playing field on taxation and freer markets for the mining industry. Speaking at the B.C. Mining Association annual meeting, Davis s…
Golden Rule expects to do record exploration work
Direct exploration costs in the 1987 fiscal year funded by Golden Rule Resources totalled approximately $4.2 million. But it was exposed to $11 million in expenditures under various joint venture agre…