Sherritt Gordon
After reporting losses of $27.7 million in 1986, bad luck continues to plague Toronto-based Sherritt Gordon Mines. Almost as soon as the company had written off the money-losing Ruttan copper-zinc min…
Articles by Northern Miner Staff
Metal Prices FUTURES PRICES (March 07, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar 93.90 92.20 93.10 + 2.00 May 89.00 …
Pickens’ Homestake offer not serious, analyst says
Having whetted his appetite for gold during unsuccessful bid for control of Newmont Mining Co., Texas oilman T. Boone Pickens is back in the hunt for another major gold producer. The target this time …
X-Cal doubles strike
Drilling by X-Cal Resources on the company’s Snowbird gold property near Fort St. James, B.C., has doubled the strike length of the main gold mineralized zone to more than 4,000 ft. The additional str…
Pioneer reports earnings
Over-all it was a very good year for Pioneer Metals which reported net income for 1987 of approximately $4.1 million or 31 cents per share. This compares to earnings of $2.2 million or 27c a year ear…
Cliff’s Olinghouse nears production
Toronto-based Cliff Resources says it is progressing toward production at its Green Hill gold mine at the Olinghouse district, northwest of Reno, Nev. Financed with a project loan bridged to a gold lo…
Hot Plays STAGGERING POTENTIAL AT CARLIN
As the dominant property-owner and principal mine-finder along the Carlin gold trend, near Elko, Nev., Newmont Gold has never felt the need to boast about its activities. A portfolio of 15 deposits an…
Law PROPERTY RIGHTS
There comes a time in every explorationist’s life when he or she must enter upon private property. In most cases, no problems will be encountered, but every so often they are. The problem usually take…
Exploration ’88 HUGHES-LANG
The Hughes-Lang Group has grown to such an extent over recent years that it now comprises some 20 dif- ferent companies. The company has major programs in western and eastern Canada, the Yukon, Mexico…
Exploration ’88 NORTHAIR
Northair Mines has been developing the Willa property, in south eastern British Columbia, with partners bp Selco and Rio Algom. More than $10 million has been spent on exploration and development to d…
Exploration ’88 PICKLE LAKE PICKS UP
During the past three years, exploration expenditures have increased fourfold in the Pickle Lake, Meen Dempster and North Caribou areas of northwestern Ontario. By any measure, the money that has been…
Exploration ’88 INCO GOLD
Inco Gold, the recently-created company that handles Inco Ltd.’s gold exploration and development, will spend $40 million this year searching for precious metals around the world. This represents a 52…