1987

The longevity of any mining venture is of prime importance to miners and investors alike. Miners want a secure job in a stable community where they can raise their families and investors want to own s…

The first hole on the DeSantis property in Turnbull Twp., near Timmins should be drilled in two weeks, according to Robert Onotsky, president of property owners Delbridge Mines. The company has decide…

Hambro Resources has changed its name to Richwell Resources (rwl:vse) on a one-new-for-three- old share basis.

Sumac Ventures — Edward D. Ford appointed to the board of directors.

It was a banner first quarter in 1987 for the Dome Mines group of gold-producing companies. On a consolidated basis, Dome reports net income for the period of $17,126,000, or 19 cents a share, compar…

Toronto-based Nova Beaucage Mines has completed a private placement of $2.7 million with the Societe en Commandite CMR 1987 Partnership. Under the terms of the placement, the partnership will earn a 1…

A veteran Canadian gold producer and a young American mining company with international exposure are teaming up to explore a large block of claims held by the former in the Casa Berardi area of Quebec…

The Mines Accident Prevention Association Ontario has presented its first Awards of Excellence for outstanding safety achievements in four sectors of the province’s mining industry — underground mine…

Alotta Resources has pulled what it describes as “the best hole yet” on its Mineral zone project in Idaho, adding to management’s conviction that it has its teeth into a sizeable and good grade open p…

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) June 69.40 69.10 69.40 + 4.10 July 69.40 67.0…

A majority of issues were listless traders this week, as gold prices behaved erratically. One of the most intriguing movers was Jerome Gold Mines, a generally inactive company. The issue closed at a n…

Thirteen of the 15 locals at Stelco Inc. have ratified a new 3-year contract. Included in that total is the key Hilton local in Hamilton. One local, in Burlington, was voting at presstime. The Parkdal…