SherrGold dividend
A stock dividend has been declared by the board of directors of SherrGold Inc. Equivalent to 10.5 cents per share, the dividend will be payable on common shares of SherrGold based on a price per shar…
Articles by Northern Miner Staff
Jilbey options its Duverny gold bet
An agreement has been signed between Jilbey Industries and Bay Resources and Services. The deal gives Bay the right to earn a 75% interest in Jilbey’s gold prospect in Duverny Twp., Que. Located near …
Profit and production up for Echo Bay in 9-months
With a 76% boost in profit, Edmonton-based Echo Bay Mines has emerged from the nine months ended Sept 30 with net earnings of $21.9 million on revenues of $109.2 million. This compares to net earnings…
Things keep o9n looking up for Westmin’s Silbak bet
The news just keeps getting better from Westmin Resources’ British Silbak property near Stewart, one of only a few exploration programs currently under way in B.C. Westmin Resources’ British Silbak pr…
Montreal Exchange Syngold doubles
Wednesday close, Dec 10 Syngold Exploration, criticized here a month ago for spending flow- through money indiscriminately, has proved the value of the tax- incentive scheme with some drill results th…
Pamour still a survivor after 52 years of gold mining
Pamour is a fun place to work because ideas aren’t squelched.– Robert McBean, superintendent of technical services. Pamour Inc. has always been something of an oddball on the Canadian gold mining sce…
Nine-month earnings up for Mentor Exploration
Net income jumped to $1.3 million or 40 cents per share for Mentor Exploration and Development for the nine months ended Sept 30, a substantial increase from $404,226 or 12 cents per share in the yea…
Significant gold showings claimed by Fairfield Min.
Two excellent gold showings have been found on Fairfield Minerals’ Elk property, not far from Noranda’s Brenda Mines property at Peachland, B.C. According to Fairfield, they occur in a stockwork setti…
Total Erickson reserves are boosted at Mount Skookum
Drilling on the Brandy and Lake zones has boosted reserves at Total Erickson Resources’ Mount Skukum gold property south of Whitehorse, Yukon. The drilling blocked out an additional 104,610 tons of pr…
MacLellan mine’s royalty should boost Agassiz’s profit
Agassiz Resources reports net earnings of $91,152 for the 3-month period ended Sept 30 on revenue of $3,555,529 compared with net earnings of $238,210 on revenue of $4,346,176 for the same period a ye…
Goldenbell going aheaed with Calif. gold mine
While financing is still waiting in the wings, Goldenbell Resources of Vancouver says it has made the decision to go into production with its Pine Tree gold project in Mariposa Cty., Calif. The compan…
Deep drilling by Noranda boosts potential of Ribago
Good drill results depth have increased the likelihood of going underground on the Ribago-Silidor project near Rouyn, Que., a joint venture of Noranda, Cambior and Cogesco Mining Resources. Cogesco is…