Skyline has new subsidiary
Skyline Explorations has incorporated a new subsidiary to hold its Inel claim group, situated near the company’s proposed mining operation in the Johny Mountain area north of Stewart, B.C. The subsidi…
Articles by Northern Miner Staff
Gibralter quarterly loss about equal to last year’s
Gibraltar Mines reports a loss of $1,184,000 or 10 cents per share on revenues of $14,975,000 for the first three months of 1987. This compares to a loss of $1,141,000 or 10 cents per share on revenu…
Queries New Pascalis back to life
I’ve heard rumors that there is some drilling going on at the New Pascalis Mines property up near Val d’Or, Que. I’d understood that that property was just about out of the picture as far as any furth…
Placer, Dome/Campbell to merge
In what will certainly represent the largest mining merger in Canadian history, Placer Development, Domes Mines, and Campbell Red Lake Mines have agreed to form a new company which will have a market …
Granges to get Ican shares
An extension has been secured by Granges Exploration to acquire 3.3 million shares of Ican Minerals on a share exchange basis. Citing “unavoidable delays encountered in acquiring drill hole samples fo…
Mining policy set for May 20
The federal minister of state for forestry and mines gave few clues to his new mining policy in a speech to a luncheon gathering at the 89th annual meeting of the cim in Toronto. Gerald Merrithew is s…
Ross report on education
The Ross Committee report on the future post-secondary education needs of Ontario’s mining industry has been released by the Ontario government. The report was initiated after close consultation with …
Metal Prices FREE MARKET London Metal Exchange (May 11, 1987)
Spot closing prices in Pound Sterling per tonne Date May 5 May 4 May 1 April 30 April 29 Copper 885-887 N/A 882-883 890-891 906-907 Lead 408-410 N/A 3…
Dickenson boosts first-quarter income
Continuing its “winning” ways, Dickenson Mines of Toronto recorded a net income during the first quarter of this year of $1.2 million (9 cents per share), compared with $431,000 (4 cents per share) …
Place Res. boosts 1st-quarter income
Net income for Place Resources during the first-quarter of this year was $348,700 (5 cents per share), up from $250,896 (3.5 cents per share) for the same period last year. Cash flow for the quarter…
Writing award
A writer for The Northern Miner is the winner of one of a number of journalism awards presented at the Canadian Institute of Mining and Metallurgy annual general meeting. Staff writer Laima Dingwall w…
Kasner companies get flow through
Junior companies within the Kasner Group, have raised a total of $2.5 million via a private placement of flow-through shares to MVP Exploration (1987) and Co. Sholia Resources will receive $500,000 as…