Sofimines raising funds for mining exploration
Encouraging results are reported to date by some of the 16 junior mining firms which have entered into an exploration financing agreement with Sofimines 1987 and Co., Limited Partnership. At a press …
Articles by Northern Miner Staff
Metal Prices FUTURES PRICES (December 07, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Dec 120.00 117.20 119.95 + 8.65 Mar 107.50 104.70 106.70 — May 105.50 98.00…
Metal Prices FREE MARKET (December 07, 1987)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Dec. 1 Nov. 30 Nov. 27 Nov. 26 Nov. 25 Copper 1495-1505 1520-1525 1520-1540 1556-1566 1580-1582 Le…
PRODUCER PRICES (December 07, 1987)
ALUMINUM: MW U.S. Market 80.00 cents -82.50 cents per lb. (Nov 19, 1987). ANTIMONY: New York dealer $1.10-$1.14 per lb. (Nov 19, 1987). BISMUTH: New York dealer $4.70-$4.80 per lb. (Nov 19, 1987). CA…
EDITORIAL Why not back a winner?
What is it Canadians have against success? It seems that once an enterprise in this country shows it’s worthwhile it must either move elsewhere or suffer the slings and arrows of a disgruntled popul…
Letters to the Editor Regrets doubts cast on company
Your Nov 30 issue contained an article on the results of an exploration program by St. Joe Gold in the Shoal Lake area of northwestern Ontario, (St. Joe has reserves on Kenora property). While we cong…
Terra reports earnings loss as Bullmoose project closes
Reclamation work and costs of closing down its Bullmoose project near Yellowknife resulted in a third-quarter loss for Terra Mines of $1.1 million on revenues of $46,000. This compares with a profit o…
Gunnar/Mill City busy at Winter Lake claims
Shortly after acquiring the Winter Lake claim group 150 miles north of Yellowknife in the North West Territories, partners Gunnar Gold and Mill City Gold are conducting an airborne geophysical survey …
Canadian gold miners active in Ghana
Out of the world gold spotlight for some time now, the West African nation of Ghana may be about to make a comeback — in part because of the initiative being shown by a number of Canadian mining comp…
Echo Bay Mines pays dividend
Echo Bay Mines has declared an increased semi-annual dividend of 35 cents (US) per common share, payable on Dec 31 to shareholders of record on Dec 15. According to Echo Bay, the previous semi-annual …
Placer Dome to operate Australian gold mine
Placer Dome Inc. has committed itself to bringing another gold mine into production, the company said recently. The Big Bell gold property in Western Australia will be developed by Placer Pacific Ltd….
Lockwood, Seadrift deal
An interest held by Lockwood Petroleum in the Cameron Lake mine project shared by Echo Bay Mines and Nuinsco Resources, has been sold. Lockwood, which held 17.3%, has sold its stake to Seadrift Intern…