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…
Articles by Northern Miner Staff
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….
Noramex explores Nevada gold bet
Noramex Minerals says a $200,000 exploration program is under way at its Bunce gold project near Lovelock, Nev. The work is being funded by Calvada Resources which can earn a 60% interest for $1.6 mil…
Majority of world’s gold used in jewelry-making
Jewelry fabrication accounts for almost 60% of the gold coming on the world market, with industry, small bars and coins taking up their fair share of the precious metal. British author Timothy Green, …
Musto funds earmarked for Utah project
Musto Explorations says it’s “continuing to explore a number of alternatives for improving its working capital position.” President H. Lutz Klingmann confirms that some of the funds would be used to f…
Placements raise $7m for Galveston
Two agreements with NIM and Co., Ltd. Partnership — 1987, dealing with private placements of common shares on a flow-through basis, have been closed by Galveston Resources. The agreements provide for…
Canadian Gold raises $1 million for programs
Canadian Gold Resources reports it has raised $1 million for exploration programs on several Ontario properties. According to President Gordon Leliever, $500,000 secured from Colray Resources will be …