Metal Prices FUTURES PRICES (November 16, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Nov. 102.10 102.10 105.20 + 16.60 Dec. 102.50 94.50 102.40 + 16.8…
Articles by Northern Miner Staff
Correction (November 16, 1987)
In the Nov 9, 1987, issue of The Northern Miner American Barrick Resources’ net income for the first nine months of 1987 was incorrectly stated. The company recorded net earnings of $17.7 million or 3…
Financing for Glen Auden
Glen Auden Resources has reached agreement for a $250,000 flow- through financing which will enable the company to carry out an expanded drilling program on its Detour, La Peltrie properties in Ontari…
News in Brief (November 16, 1987)
Cal-Denver Resources has changed its name to Carson Gold Corp. on a basis of one new for two old shares.
Barrick’s battle takes spotlight
It has been barely a month since the Ontario Court of Appeal decided in favor of turning over ownership of Canada’s biggest gold mine from Lac Minerals to International Corona. But, already, another f…
Letters to the Editor Westmin decries error in Nexus story
In reference to your article on the Nexus Group (N.M., Oct 26/87), you have made a critical error. You refer to the “… Nexus/Angle Debbie property… ” and in the next paragraph state that Westmin…
Red Dog under way
Construction of the 87-km road from Cominco’s Red Dog mine site in Alaska to the mine’s port site on the Chukchi Sea has started. The road is expected to be open in February. Once open, equipment can …
Brunswick scratches profit from extraordinary gain
Earnings from operations at Brunswick Mining and Smelting Corp.’s large zinc-lead operation near Bathurst, N.B., failed to materialize during the third quarter ended Sept. 30. For the period, the mine…
Copper breaks $1-mark, best since 1980
Copper, which along with most other base metals has been enjoying an excellent year, has topped the $1(US)-per-lb-mark. Copper futures have also been “flying high” on Comex in New York. The “dollar” b…
Report from Calgary Getty/Noranda still No 1
As Canada’s northern lakes freeze over, Otter and Beaver aircraft are making the conversion from floats to skis in preparation for transportation support of winter drill programs in western Shield loc…
SOQUEM selling Seleine salt mine
SOQUEM, the Quebec Crown corporation involved in mining and mineral exploration, is selling its rock salt mining business. The salt mining operation, located on the Magdalen Islands in the Gulf of St….
New exploration records for Newfoundland in ’87
Mineral exploration activity in Newfoundland during 1987 will very likely set new records for (a) claim staking, (b) the number of claims held in good standing, (c) total exploration expenditures and …