EDITORIAL Can we learn from Black Monday?
What really happened on Oct 19? What caused the sharpest stock market decline in history and could it happen again? How much insider trading occurred? Who gained, who lost? Should we even care conside…
1987
Silvera, Placer Dome enter joint venture
A joint-venture agreement involving the Wapiyao Lake and Bing Lake properties in the La Ronge gold belt of northern Saskatchewan has been entered into by Silvera Resources and Placer Dome. The agreeme…
People (November 09, 1987)
Canadian Explosives Distributors Association — Rene Mass elected president for 1987-88.
Barrick’s earnings up more than 50%
American Barrick Resources reports net income of $11.7 million or 34 cents per share on revenue of $83 million for the first nine months of 1987 compared with net income of $11.4 million or 28 cents …
Green Diamond gets Destor claims
Alberta-listed Green Diamond Oil Corp. has acquired a 1,500-ac claim group in the southeast corner of Destor Twp. in the Rouyn- Noranda, Que. region. Accessible by road, the property is located 22 mil…
Encouraging results by Gunnar, Mill City
Results continue to be encouraging from the 11,000-ft drilling program of Gunnar Gold and Mill City Gold on their joint venture Tyranite gold mine property near Gowganda in northern Ontario, the compa…
Equinox-Technigen explore Maude Lake gold property
Equinox Resources has entered into an agreement with Technigen Corp., giving Technigen a right to acquire up to 40% of Equinox’s interest in the Maude Lake gold property in Ontario. Under a joint vent…
Golden Terrace resumes drilling
Drilling with two machines is being resumed on the Richardson Lake gold discovery of Golden Terrace Resources, Garry K. Smith, the company’s geologist and newly appointed president, tells The Northern…
Perron gears Sleeping Giant for early ’88 production
Output of 50,000 oz gold is expected during each of the first two years of operation of Perron Gold Mines’ Sleeping Giant mine in northwestern Quebec which is expected to go into production early in 1…
Beaufield acquires option in Kerr bet
An option to earn a 40% interest in Kerr Addison Mines’ Macho- Rouleau property in Urban and Barry twps. in northwestern Quebec has been acquired by Beaufield Resources. Under the terms of the agreeme…
$35-million credit facility to finance Canamax projects
Toronto-based Canamax Resources has reached an agreement with National Westminster Bank of Canada to finance construction and development of Canamax’s three new gold mines. They include the company’s …
Copper heading for oversupply
After four years of substantial shortfall, it appears the global copper market is set to revert to oversupply in 1988 as production surges ahead, Shearson Lehman Brothers reports in its Annual Review …