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…
Articles by Northern Miner Staff
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…
Information source on VSE companies
What must certainly represent the most comprehensive source of information on Vancouver Stock Exchange companies is now available from Mining Software Services (M.S.S.), of Delta, B.C. Titled the VSE-…
New Canadian company from Yuba Natural Res.
San Diego-based Yuba Natural Resources says its board has approved the formation of a new Canadian company called Yuba American Gold. Yuba is involved in gold dredging operations in alluvial gravels s…
Muscocho gets good results
A length of 511 ft of drifting on the main zone at the Magnacon joint-venture project has averaged 0.425 oz gold per ton over 6.8 ft, the president of Muscocho Explorations, J. T. Flanagan, reports. M…
Muscocho/Tashota start field work
Field work is now well underway on the 1,647-claim joint venture program in the Baie Verte area, Newfoundland, in which Muscocho Explorations (25%) and Tashota- Nipigon Mines (25%) are participating w…