Tungsten prices hurt company
Affected by steep falls in sales prices for tungsten in world markets, Canada Tungsten Mining reported a net loss of $17.2 million ($1.45 per share) in 1986, compared with a net loss in 1985 of $28.9 …
Articles by Northern Miner Staff
Falconbridge subsidiary looks to profitable 1987
Its laterite nickel operations near the city of Bonao have become the envy of Falconbridge Ltd.’s competitors. It is also helping out the economy and the exports of the Dominican Republic, especially …
Metal Prices Futures Prices N.Y. Mercantile Exchange (May 04, 1987)
Week’s High Low Close Change PLATINUM (in US$ per oz.) June 579.00 579.00 593.20 — July 610.00 583.00 594.20 — 3.40 Oct. 616.00 …
Second phase is planned on Beaufield Resources project
Based on encouraging exploration results, Falconbridge Ltd. is proposing a second phase of exploration for the Lac Barry project, held under option by Beaufield Resources. Located 140 km northeast of …
Debt reduction key element in plan
Debt reduction will be a key element in Cominco’s 1987 business plan, according to Robert E. Hallbauer, president and chief executive officer. At the annual meeting, he announced plans to “reduce exis…
Conquest Yellowknife continues drilling
Alberta-listed Conquest Yellowknife Resources has released results from exploration geophysics and diamond drilling at its Campbell patents, or Smith Lake property in Leeson Twp., in the Renabie area …
Drilling at Terramar
Diamond drilling is under way at Terramar Resource’s Reid mine property near Redding, Calif. The purpose of the program is to explore the northern extensions of the Spanish and Evening Star veins on t…
Lacana option
Lacana Mining Corp. has optioned a 48-claim silver-lead-zinc property in New Brunswick’s Millstream River area 20 mi west of Bathurst owned 60% by North American Rare Metals and 40% by Mistango Consol…
First gold pour at Nickel Plate (May 04, 1987)
The first gold bar has been poured at Mascot Gold Mines’s Nickel Plate mine near Hedley, B.C. The Nickel Plate project was originally forecast to start in July of this year at a cost of $68.7 million….
Mining vacancies
Job vacancies for engineers, accountants, scientists and other professionals increased 8% during the last three months, but decreased 11% during the last year, according to a Technical Service Council…
Eastmain program is funded by MSV Resources
Eastmain Resources Inc., which holds interests in a large spread of ground in the East Main River gold area of northern Quebec owned by the “Opinaca Project,” reports that MSV Resources Inc. has now c…
Underground work under way by Skyline
Underground development work and drilling are under way at Skyline Explorations’ Reg property in northwestern, B.C. Two recent holes intersected what is believed to be an extension of the Zephrin zone…