Alberta Stock Exchange Barrons chides Borealis
One of North America’s most influential financial publications has taken Borealis Exploration to task for spending flow-through dollars on its Arctic iron ore and gold projects without yet making any …
Articles by Northern Miner Staff
Metal Prices FUTURES PRICES (February 29, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb 93.70 93.70 93.60 — 14.90 Mar 94.60 …
Noranda up stake in Crown Butte
Toronto-based Noranda Exploration has elected to increase its participation in a Montana polymetallic property by exercising its right to acquire shares of Vancouver- listed Crown Butte Resources. Und…
Editorial There won’t be an oversupply of gold
The price of gold has been rather sluggish of late, breaking that so-called $440(US) barrier on the downside again this week. Naturally, this is causing some concern in investment circles, certainly t…
St. Andrew adds more land to Stock Twp. holdings
In a bid to increase its share of gold reserves at the Stock Twp. property near Timmins, Ont., St. Andrew Goldfields is buying an additional block of claims to the north and east of the property from …
Highland Valley relocating mills
A $70 million construction program will be undertaken by Highland Valley Copper in British Columbia to relocate two mills to a site adjacent to the Lornex Mining milling complex. The program is expect…
Employees end strike at Lac mine
Hourly employees at Lac Minerals’ Bousquet mine near Malartic, Que., have voted 80% in favour of accepting a new three-year collective agreement, the company said recently. The 262 employees represent…
Rambo-Royex deal
An agreement has been worked out between Rambo Exploration of Rouyn-Noranda, Que., and To ronto-based Royex Gold Mining whereby the latter may acquire a 50% interest in Rambo’s 35-claim gold prospect …
AGIP expanding presence in Canadian mining sector
AGIP Canada, the wholly-owned affiliate of AGIP SpA of Italy, one of the world’s leading oil and gas companies, is taking on a more aggressive role in the Candian mining industry. Although the company…
Belmoral earnings increase sharply
Earnings of $3.5 million (11 cents per share) were recorded by Belmoral Mines of Toronto during 1987, compared with net income of $1.4 million (5 cents per share) for the year before. Revenues for th…
D’Or Val, Perron merger in works
Two Hughes-Lang companies active in northwestern Quebec, D’Or Val Mines and Perron Gold Mines, have agreed in principle to amalgamate. D’Or Val operates a producing gold mine near Val d’Or, while Perr…
Increased growth forecast for mica
Consumption of mica in plastics increased strongly during the first half of the 1980s with the steady development of methods of using fillers to reduce costs and improve performance, Roskill Informati…