Northgate back in red
A public offering of 4.6 million shares in the United States is expected to add some cash to a Northgate Exploration balance sheet recently ravaged by a strike at the company’s Chibougamau operations….
Articles by Northern Miner Staff
Metal Prices PRODUCER PRICES (August 17, 1987)
ALUMINUM: MW U.S. Market 80.00 cents -81.00 cents per lb. (Aug 6, 1987). ANTIMONY: New York dealer $1.06-$1.14 per lb. (Aug 6, 1987). BISMUTH: New York dealer $3.60-$3.70 per lb. (Aug 6, 1987). CADMIU…
Abcourt makes financing deal
A joint venture has been signed between Abcourt Mines and Gestion Consulta of Val d’Or whereby the latter has undertaken to raise $7 million in two stages during the next two years for exploration wor…
Sweany finds high grade at Beardmore gold camp
Diamond drilling at Sweany Gold’s joint venture project in the Beardmore camp north of Thunder Bay, Ont., has encountered interesting gold mineralization on two of its properties. At the A. E. Hopkins…
Baden raises work financing
A private placement worth $192,000 will enable Baden Explorations to continue exploration work on property in Baden Twp. in northeastern Ontario, the company reports. The company’s property comprises …
Drills add reserves to Greenstrike bet
A 28-hole diamond drilling program has expanded reserves at Greenstrike Gold Corp.’s Fifteen Mile Stream gold deposit in Nova Scotia. Results for the initial 17 holes indicated preliminary reserves to…
Estrades funding comes from Golden Day’s mega-offering
Golden Day Explorations and Co., Ltd. Partnership, one of the Noramco Mining Corp. group of companies, which are directed by Bruce McDonald and Gordon Keevil of Vancouver, has in its first public offe…
People (August 17, 1987)
Ariel Mining Group – Claude Britt, recently appointed vice-president exploration of Exploration Mimiska Inc., will now be directing exploration work for all six member companies namely, Exploration Sp…
Inco exposure to gold increased with new firm
In an effort to increase its exposure to gold, Inco Ltd. is spinning off its gold assets into a new vehicle known as Inco Gold. The company, which will initially remain 100%- controlled by Inco, forec…
Teck prepares to select site for decline collar on Estrades
Site investigation work, designed to help engineers choose an appropriate site for either a decline or a shaft has begun on the Estrades gold-zinc-copper-silver property in the Casa Berardi area of Qu…
Overwhelming approval of Placer-Dome merger
Placer Dome Inc, is a now a reality, and becomes North America’s biggest gold producer. Shareholders at Aug 12 meetings in Toronto and Vancouver gave overwhelming assent to the merger of Placer Develo…
Terra and White Lightning exploring in Kootenays
Terra Mines has reported a net loss of $79,000 for the 1987 second quarter compared with a loss of $109,000 during the same period last year. The company also reported a net loss of $120,000 on revenu…