Barrick to continue gold acquisition
They came to the annual meeting of American Barrick Resources Corp. for a variety of reasons. But as one broker quipped, they especially came “for the religion”, — to hear Peter Munk, the chairman an…
Articles by Northern Miner Staff
Noranda official backs free trade
A free trade agreement with the United States is “essential” for Canada’s economic future and for the Canadian mining industry, William Deeks, president of Noranda Sales Corp., said at the 89th annual…
Noront builds reserves at HSK’s Olive property
Underground work by partners Noront Resources and HSK Minerals on the former producing Olive mine property near Mine Centre, Ont., has verified the presence of two ore shoots. Based on detailed sampli…
Madeleine is full steam ahead
Progress being made at the Lac Des Iles’ project of Madeleine Mines in northwestern Ontario makes it almost a certainty that this country will soon have its first straight platinum-paladium producer -…
Mono planning underground work
Mono Gold Mines says that drill indicated and inferred reserves at its Bannockburn project 167 miles northeast of Toronto now stand at 372,154 tons grading 0.395 oz. The reserves are calculated over a…
Watch it grow again: profit for Battle Mountain
Improving gold prices and lower unit production costs are the prime reasons for the 50% increase in profit posted by U.S.-based Battle Mountain Gold in its first quarter. A profit of $8.8 million or 2…
Cominco Res. seeks $40m. for offshore exploration
A final prospectus has been filed by Cominco Resources International which should raise about $40.2 million for exploration work on properties outside Canada, Alaska and Australia. The international o…
Alberta Stock Exchange Jascan hits year’s high
The most active mining stock on the Alberta Exchange this week was Jascan Resources, up 10 cents to $2.80, a high for the year, on 1,225,100 shares. Jascan, which is indirectly associated with the mi…
Query Slate Bay revived in 1980
What is the present status of Slate Bay Gold Mines? It was dissolved about 10 years ago but the charter was re-instated about eight years ago. H.K., Pacific Palisades, Calif. You are correct in writin…
Montreal Exchange Audrey trades higher
Continuing to trade actively on the Montreal Exchange is Audrey Resources, which this week closed up 90 cents to $4.35 on a volume of 670,200 shares. Audrey has a 70% interest in the Mobrun project (…
Inspiration turns ’86 profit; moving into gold production
In the red since its reorganization in 1983, Inspiration Resources of New York has reported a net profit of $38 million for 1986, compared to a net loss of $291 million for the year before. Inspiratio…
Geddes well advanced on Windy Craggy adit
Geddes Resources is well ahead of schedule in its work on a 5,500-ft adit to explore the gold zone of the sulphide deposit at its big Windy Craggy copper-gold-cobalt-zinc project, in northwestern B.C….