Rio Algom reports earnings decline
Potash problems combined with lower uranium prices were responsible for a drop in Rio Algom’s net earnings for the first six months of 1987. Rio Algom reported unaudited consolidated net earnings of $…
Articles by Northern Miner Staff
Option Expires for Oracle Res.
Western Quebec Mines says that Oracle Exploration’s option to acquire a 45% interest in the Joubi property near Val d’Or, Que., has expired as a result of Oracle’s failure to provide the required fund…
Two agreements for Lytton Minerals
Lytton Minerals says it has entered into two agreements, both of which are subject to the approval of all regulatory authorities. The first agreement is with Dolly Varden Minerals Inc., an associated …
Barrick denies play for Placer
A street rumor which has American Barrick Resources making a play for an interest in Placer Development has been denied by a senior American Barrick official. Placer is part of a proposed amalgamation…
Neptune funding for Colomac bet
Neptune Resources reports it has an agency agreement with Wood Gundy for the private placement of 500,000 common shares from treasury at a per-share price of $5.625, for an aggregate price of $2,812,5…
Vancouver Stock Exchange Trading active on west coast
Resource issues, benefiting from gold prices pushed higher by fears of inflation and the uncertainty of events in the Persian Gulf, continue to fuel active trading on the Vancouver market. MacMillan E…
Forbex, Brex in option deal
An agreement has been entered into between Forbex Mining Resources and Brex Exploration whereby the latter may acquire up to a 50% interest in the Lake Fortune West property in Dasserat Twp. in northw…
Gold stocks in for period of volatility, analyst says
Troubled times do funny things to precious metals prices and major currencies. The price of gold, hovering in the $440-$450(US) range only a few weeks ago, crept up to the $470-$480 level this week be…
Lac offering
Lac Minerals has filed a final short form prospectus with the Ontario Securities Commission and regulatory authorities across Canada, in respect of an offering to the public of common shares. The offe…
News in Brief (August 10, 1987)
Island Canyon Mines has changed its name to Access Technology Inc. (AEI:VSE) on a share-for-share basis.
Year end start at Puffy
The town of Sherridon, Man., will get a major boost this year when Pioneer Metals Corp’s Puffy Lake mine, 20 km south of the town goes into production in December. Construction of the mine is well und…
Platinum results for Prophet Res.
Platinum values have been assayed by Prophet Resources from the company’s Brady property near Sudbury, Ont. Located in Parkin Twp., the property has been the site of surface stripping and channel samp…