Newmont Gold increases third quarter income
Higher gold prices combined with increased production from its Gold Quarry mine in the Carlin gold belt of Nevada, to give Newmont Gold Co. a third quarter earnings boost. Newmont says 1987 third quar…
Articles by Northern Miner Staff
Anglo Porcupine deals with Norex
Alberta-listed Anglo Porcupine Gold Mines has entered into a joint venture agreement with Noranda Exploration. Anglo can earn a 45% interest in the 46-claim Horwood property near Timmins, Ont. by spen…
Seadrift loss
Seadrift International Exploration reports a loss of $834,000 for the nine months ended Sept 30, compared with a loss of $321,0000 in the similar period last year. The company reports issue of share c…
Canada burning with gold fever, coast-to-coast
If all that glitters isn’t gold, Canadian mining companies in 1987 weren’t aware of it. From British Columbia’s Queen Charlotte Islands to unlikely places like Baie d’Espoir in Newfoundland, Canada wa…
Whim Creek gold record set at Meekatharra mines
Record gold production was realized by Whim Creek Consolidated from mining operations in Australia. For the nine-month period ended Sept. 30, the company produced 30,193 oz of gold. For the third quar…
Silverknife reserves total 400,000 tons, Reg Res. reports
Drill-indicated and inferred reserves stand at 400,000 tons at the silver-lead-zinc-gold Silverknife prospect at the Liard mining division in British Columbia, Reg Resources reports. Forty-nine holes …
Barrick’s Carlin drill hints at new discovery
Results from a deep drill hole at American Barrick Resources’ Goldstrike mine near Elko, Nev., seem to indicate that the Toronto-based company could be on the verge of another major discovery. As repo…
Cominco International busy with two potential mines
Newly-created Cominco Resources International is making good progress towards its objective of becoming an international mining company. Created in May, 1987 by parent company Cominco Ltd., which hold…
Acadia sees increases in N.S. gold bet tonnage
The gold-bearing structure on the Mooseland property, 75 miles northeast of Halifax, N.S. has been extended and the potential for extending it even further is still very great. Drilling by Toronto-lis…
Investment Comment Falconbridge among lasting values
As the world’s stock markets continue to suffer the aftershocks of the infamous Black Monday, a number of major brokerage houses have published glossy booklets advising investors to keep on buying. “D…
Golden Rule gets interest in La Ronge gold prospect
Golden Rule Resources has a 30% interest in a major new gold discovery located on two contiguous joint venture properties in the La Ronge area of Saskatchewan. During the last month, an initial 5,000-…
B.C. mining generates loss for fifth consecutive year
Although the situation has improved this year, British Columbia recorded its fifth consecutive year of losses in 1986, a Price Waterhouse report concludes. The survey of 30 separate mining companies, …