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 …
Articles by Northern Miner Staff
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…
Royex paper shuffle
Royex Gold Mining Corp. has signed a deal which will see affiliate company Mascot Gold Mines purchase 1.4 million shares of Golden North Resources from Royex. Mascot will issue Royex 450,000 of its co…
Montreal Exchange Light trading week (November 16, 1987)
Light trading volumes and a declining market highlighted activity on the Montreal Exchange this week, where among the “top movers” were some of the larger resource-based companies, including giant gol…
Horsham extraordinary gain
The largest shareholder and parent company of American Barrick Resources, The Horsham Corp., posted a net profit of $42.3 million or 75 cents per share for the 9-month period ended Sept 30. The profi…
Crown, Noranda confirm reserves at Montana bet
The 1987 drilling program at the New World gold project near Cooke City, Mon., confirmed current reserve figures and raised the possibility of additional tonnage, Crown Butte Resources and Noranda Exp…
Marker, Varna begin $2.5 m drill program (November 16, 1987)
Marker Resources and partner Varna Resources have started a $2.5- million diamond drilling program on projects in Newfoundland and Manitoba. Varna and Marker plan to amalgamate shortly. In Newfoundlan…
Rusty plate leads to new technique
Watching river water corrode an old tin-plated cooking utensil has provided the inspiration for Australian scientist Dr William Baker to develop a new technique for the exploration of mineral deposits…
Better program shows ore zone has continuity
A 1,000-ft development program has been completed at Better Resources’ Mt. Washington gold project on Vancouver Island. About 700 ft of underground development was completed in the ore zone and also 3…
More Casa Berardi drilling by Inco and Golden Knight
A $2-million 15,000-m drill program is being proposed by partners Inco Gold and Golden Knight Resources for their jointly held Golden Pond property in Quebec’s Casa Berardi area. The program will test…
J.A.G. reports new gold zone at Malartic bet
The latest drilling campaign of J.A.G Mines is under way on the Malartic property in northwestern Quebec and core logging has already indicated interesting results, the company reports. A new gold zon…