Encouraging results for Skeena Resources
Skeena Resources says encouraging results have been received from drilling by operator Noranda Inc. on the Schroeder Mountain area of the Maggie Creek Ranch property at Carlin, Nev. Skeena is in a joi…
Articles by Northern Miner Staff
Quebec Cobalt, Arrowhead plan an amalgamation
Richard Evarts, president of Quebec Cobalt and Exploration and John McDougall, president of Arrowhead Gold Mines announce the proposed amalgamation of the two companies. The amalgamation is subject to…
Metal Prices PRODUCER PRICES (May 04, 1987)
ALUMINUM: MW U.S. Market 65.00 cents -66.50 cents per lb. (Apr 23, 1987). ANTIMONY: New York dealer $1.15-$1.20 per lb. (Apr 23, 1987). BISMUTH: New York dealer $2.70-$2.85 per lb. (Apr 23, 1987). CAD…
METAL MARKETS Metal snips
Sales of Australia’s new Nugget series of gold coins has already exceeded expectation. It was anticipated 130,000 oz would be sold by June 30 of this year, but sales to date have surpassed 155,000 oz….
Alberta Stock Exchange Gainers move on deals
Deals and drill results were behind the strong gains made by several issues on the Alberta Stock Exchange this week. Gunnar Gold posted a healthy 40 cents advance to $2.40. The company has acquired a…
Hemisphere seeking an NWT interest
Hemisphere Development Corp. is looking to acquire an interest in ground adjoining the Getty- Noranda gold discovery in the Courageous Lake area of the Northwest Territories. The company says it has a…
Page-Williamn crucial to Lac
The importance of the rich Page- Willians gold mine at Hemlo to Lac Minerals is clearly spelled out in the company’s quarterly financial results for the period ended March, 31. The mine, awarded to In…
Malartic boasts healthy net income
Reporting a net income in 1986 of $1.9 million (54 cents per share) was Toronto-based Malartic Hygrade, with last year’s total up slightly from 1985. Cash flow from operations in 1986 increased approx…
Murray Pezim back in Corona fold
West-coast entrepreneur Murray Pezim and Galveston Resources have called off their legal action against International Corona Resources, Royex Gold Mining and related companies. At the same time, Mr Pe…
Abermin has loss for year
Abermin Corp. reported a net loss of $1.1 million in 1986 before extraordinary items. The loss included an exploration expense of $534,000 resulting from the abandonment of its Bullfrog and Black Beav…
Lornex runs against trend, reports improved profit
Most people would have to look pretty hard to find a porphyry copper mine in North America that is making a decent profit. But the massive Highland Valley Copper project of Lornex Mining and Cominco i…
Big gainers
And how are your favorite stocks doing? A recent issue of Messel’s Mining Weekly lists the share price performances of a number of international gold producers from the start of this year up to the fi…