Hudson Bay earnings reflect gain on sales.
Hudson Bay Mining and Smelting realized net earnings of $13.5 million during the third quarter of this year. This compares to profit of $3.6 million during the same period last year. For the nine mont…
Articles by Northern Miner Staff
Metal Prices PRODUCER PRICES (November 23, 1987)
ALUMINUM: MW U.S. Market 79.50 cents – 82.00 cents per lb. (Nov 12, 1987). ANTIMONY: New York dealer $1.08-$1.12 per lb. (Nov 12, 1987). BISMUTH: New York dealer $4.75-$4.85 per lb. (Nov 12, 1987). C…
Magnacon yields strong results
The combination of a high percentage of visible gold and good continuity over drifted sections is yielding some pleasant surprises at the Magnacon project 50 miles west of here. Located north of Mishi…
Bio-heap leaching idea to get test in California
Coastech Research Inc. of Vancouver has teamed up with Chester Millar, president of heap-leaching experts Glamis Gold to form a new public company, Biomet Technology Inc. Together, they have raised $5…
Aber and Hemisphere drilling NWT prospect
Joint venture partners Aber Resources and Hemisphere Development have resumed drilling their Sunset Lake polymetallic project located 70 miles northeast of Yellowknife, N.W.T. Encouraged by initial dr…
Timmins Placer Dome mine manager to tackle open pit California
John Rogers, manager of Placer Dome’s gold mine northeast of Timmins since 1982, is leaving to pursue other mining interests in Vancouver and in the United States. Rogers will be leaving to become sen…
Lead-zinc conference
A lead-zinc conference set for March 14-15, 1988 at Toronto is being organized by Metals Week. Topics to be discussed will include rationalizations; the effect of uncertain financial times on lead and…
Vancouver Stock Exchange The Pez is back with a bang
Looking at market activity in Vancouver this week, it’s safe to say “The Pez” is back. He’s been keeping a relatively low profile in the past year for personal and business reasons. Two discoveries, o…
Queenstake doubles gold output
Production from Queenstake Resources’ placer mining operations in the Yukon doubled this year to l3,000 fine ounces of gold before royalties, President Gordon Gutrath reports. The production season in…
Pegasus reports record nine month earnings
Record earnings are reported by Pegasus Gold for the first nine months of 1987. Profits rose to $11,060,000 or 54 cents per share on sales of $70,394,000; up from $1,989,000 or 15 cents per share on …
Quintette contract talks threaten production
A bid by the Japanese steel industry to renege on long-term contracts it signed with Quintette Coal Ltd. may force the company to close its controversial coal project in Peace River, B.C. In the lates…
Galveston merger approved
Shareholders approved the merger of a wholly- owned subsidiary of Galveston Resources with Blackbird Resources at an extraordinary general meeting. The complex deal will involve a reorganization of Ga…