Kerr announces 9-month earnings of $17.9 million
Net income for the first nine months of the year was $17.9 million ($1.03 per share) compared with $2.3 million (13 cents per share) for the same period last year, Kerr Addison Mines reports. The com…
Articles by Northern Miner Staff
St. Genevieve earmarks $6 million to sink new shaft
A total of $6 million has been set aside by St Genevieve Resources to sink an exploration shaft and do lateral exploration work on the company’s 12-claim Fourax property in Fourniere Twp., near Malart…
Westmin development work geared towards production
The $4-million pre-development program at Westmin Resources’ Silbak and Big Missouri properties near Stewart, B.C., is progressing satisfactorily towards a positive production decision by year-end. Ro…
Eastfield, Lornex reach agreement
An agreement has been reached between Eastfield Resources and Lornex Mining whereby the latter may earn a 51% interest in Eastfield’s Beekeeper claims by spending $300,000 by Dec 31, 1989. The Beekeep…
Metal Prices PRODUCER PRICES (November 16, 1987)
ALUMINUM: MW U.S. Market 82.75 cents -84.50 cents per lb. (Oct 29, 1987). ANTIMONY: New York dealer $1.10-$1.16 per lb. (Oct 8, 1987). BISMUTH: New York dealer $4.90-$5.00 per lb. (Oct 22, 1987). CAD…
Pacific Minesearch drills U.S. bet
Encouraged by results at its Howie gold property near Charlotte, N.C., Pacific Minesearch is continuing a 15,000-ft diamond drilling program. In a joint venture with Cominco America, the company will …
McAdam confirms three zones at McWatters gold property
Having survived the recent stock market debacle with its share price relatively intact, McAdam Resources of Toronto recently released an update on its exploration properties. At press time, the McAdam…
Royex boosts Lacana interest to about 44%
A recent subscription for 17,136 flow-through shares of Lacana Mining has increased Royex Gold Mining’s interest in that company to about 44% of the outstanding capital of Lacana. Royex now owns about…
High grade results send Tenajon under]]
Vancouver-listed Tenajon Silver Corp. is going underground on the sb property, located 25 km northwest of Stewart, B.C., just south of Westmin Resource’s Big Missouri property. The decision is based o…
Kam-Kotia earnings
Toronto-based Kam-Kotia Mines reports income for the first nine months of this year of $904,000 (8 cents per share) compared with $305,000 (1 cents per share) for the same period in 1986. Increased …
Amax boosts mine output forecast
Gold production from the Sleeper mine in Nevada is expected to be 158,000 oz this year, up 12,000 oz from previous forecasts, Amax Gold reports. The latest forecast is based on additional heap-leach p…
Wharf profit well ahead
Wharf Resources reports net income for the first nine months at $4.144 million(US) or 29 cents per share (38 cents C) after preferred share dividends, compared to $1.273 million or 13 cents per share…