Coniagas struggles to show a profit in 1987
With a new gold mine expected to be up and running next year and a resumption of production at Bachelor Lake, the Coniagas Mines group is looking ahead to better things in 1988. As reflected in a mixe…
Articles by Northern Miner Staff
COATS Trading Features (December 14, 1987)
The weak activity on the main Canadian markets is also being reflected on coats. For the month of November, the average daily dollar value plummeted to an all time low of $1 million. Last May, that wa…
Brohn, MFC discuss merger
A merger is being discussed by Brohm Resources and MFC Mining. According to Brohm President Wayne D. McClay the share exchange would be three mfc shares for two Brohm, subject to a fairness opinion fr…
Underground program begins at Maude Lake gold property
A $2.6-million underground exploration program has begun at the Maude Lake gold property, near Matheson, Ont. Work is being carried out under a joint venture between Equinox Resources, Technigen Corp…
Report from Calgary Placer Dome biggest player
The famous Quesnel-Caribou gold belt of south-central British Columbia, 45 miles northeast of Williams Lake, has a record of gold production for more than 100 years. Although there is only one small p…
Editorial Mining Hall of Fame
Just the other day, at a meeting of the Toronto Geological Discussion Group, the publisher of The Northern Miner, M. R. Brown, proposed establishment of a Mining Hall of Fame. This, like sports Halls …
Neptune test successful, Colomac moving ahead
It gets colder in the Northwest Territories, a lot colder, but at least the test was done under freezing conditions. For 35 days in October and November, Neptune Resources test-leached 1,500 tons of o…
Total Erickson adds to Getty shareholding
Total Erickson Resources has acquired 250,000 shares of Getty Resources in a private transaction. That increases Erickson’s interest in Getty to 1,089,300 shares or about 11.6% of Getty’s outstanding …
Wescap completes exploration program
An exploration program has been completed by Wescap Enterprises on the company’s 300-claim property near Beardmore, Ont. The work included geological mapping, stripping and trenching. A drill program,…
Editorial Resource financing needs a new policy
We’ve learned over the years that the wheels of justice turn slowly, and that includes Canada’s quasi-judicial securities commissions. On balance, it is probably best that they err on the side of deli…
Barrick, Independent
An option agreement has been signed by American Barrick Resources and Independent Mining Corp. The deal gives Barrick the right to earn a 100% interest in Independent’s 9-claim gold prospect in Harker…
Letters to the Editor (December 14, 1987)
I would like to know if you could settle a dispute a friend and I have had concerning gold prices in the last 100 years. My friend says that gold has never been down near the $20 an ounce mark. I say …