EDITORIAL Why not back a winner?
What is it Canadians have against success? It seems that once an enterprise in this country shows it’s worthwhile it must either move elsewhere or suffer the slings and arrows of a disgruntled popul…
News
Letters to the Editor Regrets doubts cast on company
Your Nov 30 issue contained an article on the results of an exploration program by St. Joe Gold in the Shoal Lake area of northwestern Ontario, (St. Joe has reserves on Kenora property). While we cong…
Terra reports earnings loss as Bullmoose project closes
Reclamation work and costs of closing down its Bullmoose project near Yellowknife resulted in a third-quarter loss for Terra Mines of $1.1 million on revenues of $46,000. This compares with a profit o…
Gunnar/Mill City busy at Winter Lake claims
Shortly after acquiring the Winter Lake claim group 150 miles north of Yellowknife in the North West Territories, partners Gunnar Gold and Mill City Gold are conducting an airborne geophysical survey …
Canadian gold miners active in Ghana
Out of the world gold spotlight for some time now, the West African nation of Ghana may be about to make a comeback — in part because of the initiative being shown by a number of Canadian mining comp…
Echo Bay Mines pays dividend
Echo Bay Mines has declared an increased semi-annual dividend of 35 cents (US) per common share, payable on Dec 31 to shareholders of record on Dec 15. According to Echo Bay, the previous semi-annual …
Placer Dome to operate Australian gold mine
Placer Dome Inc. has committed itself to bringing another gold mine into production, the company said recently. The Big Bell gold property in Western Australia will be developed by Placer Pacific Ltd….
Lockwood, Seadrift deal
An interest held by Lockwood Petroleum in the Cameron Lake mine project shared by Echo Bay Mines and Nuinsco Resources, has been sold. Lockwood, which held 17.3%, has sold its stake to Seadrift Intern…
Getty, Noranda expand strike of Tundra deposit
Additional deep drilling by partners Noranda Exploration (51%) and Getty Resources (49%) has extended the strike length of the Tundra deposit by 450 ft. Located at Courageous Lake, N.W.T., the Tundra …
Imp. Metal net up
Net income of Imperial Metals rose in the six months ended Sept 30 to $611,000 on revenue of $1.6 million, compared to income of $58,000 on revenue of $1.2 million in 1986. Income for the second quart…
Moneta Porcupine acquires Montana gold-silver claims
In a bid to broaden its interests beyond gold exploration, Moneta Porcupine Mines of Timmins, Ont., has acquired a major interest in over 200 mining claims in the Finlay Basin area of Granite Cty., Mo…
Toronto Stock Exchange Market plays ‘crack the whip’ with investors
Remember that childhood game called crack the whip? That’s exactly what the market is doing to those interpid investors bold enough to go for the ride. Since Black Monday last Oct 19, volatile swings…