Editorial Added bureaucracy
Quebec Mines Minister Raymond Savoie has been openly critical of the Canadian Exploration Incentive Program, the federal government program that changes flow-through share investment benefits from a t…
News
MacLellan mine has successful turnaround
The turnaround of the MacLellan gold mine appears to have been successfully completed, mine owner and operator LynnGold Resources (TSE) says. Results from the third quarter show the mine producing 14,…
Ivanhoe Capital makes private placement in War Eagle
A private company founded by Robert Friedland, president of Galactic Resources (TSE), and Eric Friedland recently made a $1.2 million private placement in War Eagle Mining (VSE), which owns the War Ea…
Silverado starts up Alaskan gold project
Mining of ore from the newly stripped Ready Bullion shear structures is under way at its wholly- owned Grant gold project in Alaska, Silverado Mines (VSE) reports. The project is located on Ester Dome…
Letters to the Editor Assay techniques not to be blamed
I was somewhat puzzled by statements made in your article “Calpine cuts 96 ft of 0.7 oz gold” (N.M., Nov 7/88). No doubt the folks at Calpine Resources were very gratified to see their average grades …
Queries Nicoba Mines inactive
I last wrote to The Northern Miner in January, 1981 asking for the address of Nicoba Mines Ltd., a company which I own shares in. You were very kind to send me the address. Can you now tell me if Nico…
Spot prices at a glance (November 21, 1988)
Week’s Price (US) Change Gold (per oz) $422.60 + $ 3.10 Silver (per oz) $ 6.38 — $ 0.03 Platinum (per oz) $583.00 + $ 1.00 Copper (per lb) $ 1.39 — $ 0.12 …
FINANCING (November 21, 1988)
ONTARIO GBX Res Corp. — min 600,000 offered @ 35 per sh. Mercantile Gold Corp. — 500,000 sold for gross $250,000. Silver Lady Res Inc. — 300,000 offered @ 35 per sh. Min subscr 200,000 flow-throu…
News in Brief (November 21, 1988)
Hecla Mining Co. has declared a dividend of 5 per share payable on Dec 16, to shareholders of record on Nov 18.
Improved Earnings For Equity Silver
Increased sales volumes brought about by higher production of silver, gold and copper, and sales from opening concentrate inventory helped boost earnings for Equity Silver Mines (TSE). The company’s m…
Cons TVX reports increased earnings
Third quarter earnings for Consolidated TVX Mining Corp. (TSE) was $3.3 million or 11 per share compared to earnings of $1.7 million or 7 per share realized in the same period last year. The company…
Northgate sill positioned to pursue acquisition tack
With $178.6 million in cash and investments worth $125.9 million Northgate Exploration (TSE) remains in a strong position to pursue its acquisition strategy. The Toronto company recently reported unau…