Sharpe Energy busy in Newfoundland
Much exploration work is now under way on Newfoundland’s Baie Verte peninsula with interest building, Walter Sharpe, president of Sharpe Energy & Resources, told The Northern Miner on his return from …
News
Three new mines Echo Bay more than doubles revenues and net
Three new gold mines in Nevada and higher bullion prices have had a dramatic effect on the bottom line of Echo Bay Mines, one of this continent’s premier gold producers. Revenues during the second qua…
News in Brief (September 07, 1987)
Calgary-based Morrison Minerals reports revenues of $2,258,787 for the 6-month period ended June 30, for a net income of $297,407 or 5 cents per share. As of April 1, these figures include the consol…
PRODUCER PRICES (September 07, 1987)
ALUMINUM: MW U.S. Market 82.50 cents -85.00 cents per lb. (Aug 27, 1987). ANTIMONY: New York dealer $1.10-$1.15 per lb. (Aug 13, 1987). BISMUTH: New York dealer $4.75-$5.00 per lb. (Aug 20, 1987). CAD…
Trench samples are encouraging
Encouraging gold values from initial trenching at the Tartan Lake property in northern Manitoba held under option from Goldbrae Developments have been reported by Westfield Minerals. The property is l…
Comm-lite seminar
Comm-lite, a seminar on underground mines radio and lighting, will take place Nov 24-25 at Laurentian University in Sudbury. Co-sponsors of Comm-lite are the Ontario Ministry of Labor and Laurentian U…
New PDAC managing director
Dr Anthony Andrews has been appointed managing director of the Prospectors and Developers Association of Canada, succeeding Alan Bossin, who has returned to the insurance industry, in a senior executi…
Underground plan for Placer, Dome at Musselwhite
Down the road, Placer Dome could be looking at still another gold mine in the Pickle Lake area of Ontario. The company expects to start an underground program this winter on the Musselwhite project at…
COATS Trading Features (September 07, 1987)
Wye Resources was stronger and active this week, trading up to 75 cents -80 cents . The company has completed a public offering which raised $525,000. The funds will go towards earning a 60% interest …
Alberta Stock Exchange Gold volumes drop
Rumours of a presidential heart attack in conjunction with concerns about the future health of the U.S. dollar sent volumes careering headlong into what market watchers will hope is a temporary slump….
Westmin completes study at Big Missouri, Silbak
Westmin Resources of Vancouver has indicated that production on a major new gold/silver operation near Stewart in northwestern B.C. could begin as early as December 1988. Following an extensive diamon…
Big firms join Peat Resources
Some heavyweights are moving into the Peat Resources picture, The Northern Miner gathers from conversation with the company’s president, Leon La Prairie. Inco Ltd., Esso Resources Canada and Lacana Mi…