NovaGold offer extended
Shareholders of tse-listed Northumberland Mines have until April 5 to tender their shares to an offer by NovaGold Resources. NovaGold decided to extend the offer, which gives shareholders one NovaGold…
News
Report determines Louvem market value
An independent valuation of Louvem Mines of Val d’Or, Que., has concluded the gold-producing firm is worth between $2.40 and $2.72 per share, President P. Andre Lacroix reports. The valuation was prep…
Equity Silver anticipates continuing profits in 1988
A buoyant precious metal market will keep profits high in 1988, Equity Silver President A. Petrina tells shareholders in the annual report. British Columbia’s largest silver producing mine located nea…
Editorial Stephen B. Roman
The death of Stephen B. Roman is truly a milestone in the history of Canada’s mining industry. Seldom has one man put his stamp so firmly on such a large mining enterprise. Seldom has the grip of one …
Westfield encounters gold and zinc at Big Island Lake
Toronto-listed Westfield Minerals has encountered some encouraging gold and zinc values while drilling its Big Island Lake polymetallic project near Flin Flon, Man., the company said recently. By spen…
Goldstrike helps Barrick profit
Exploration success at American Barrick Resources’ Goldstrike property near Elko, Nev., have contributed to some record-breaking financial results, the company said recently. Toronto-based Barrick sai…
Deal makes Nuinsco an Echo Bay subsidiary
Through a financing agreement with Echo Bay Mines, Toronto- based Nuinsco Resources has raised $1.65 million for exploration at its northwestern Ontario gold properties, the company said recently. As …
Brohm gets final permits for South Dakota gold mine
All permits are in place for Brohm Resources’ Gilt Edge gold property located in the Black Hills of South Dakota. The $17.5-million open pit, heap leach project is slated to come on stream in August, …
Mark V to produce gold at Montana
In what appears to be one of the decade’s major bargains, Vancouver-based Mark V Petroleums and Mines has announced a production decision — at a rate of 50,000 oz annually — at a Montana gold proper…
Metal Prices PRODUCER PRICES (March 28, 1988)
ALUMINUM: MW U.S. Market $1.055-$1.085 per lb. (Mar 10, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (Feb 18, 1988). CADMIUM: New Y…
Skylark to drill Carlin
A drill program is scheduled to begin shortly on the Pan property held by Skylark Resources (60%) and Pic Prospectors International (40%). Located in the Carlin area of Nevada, the Pan claims have bee…
American Platinum gets flow through
A $1-million flow-through share funded platinum exploration program is being planned by American Platinum Inc. for this year. The program will follow up encouraging results from work completed last ye…