Grab Samples (August 15, 1988)
The federal government’s Export Development Corporation says its deal to insure Placer Dome’s investment in Papua New Guinea is its largest foreign investment deal ever. The insurance covers Placer’s …
1988
Catear goes underground to prove up reserves
Some people like to do things the old fashioned way. And this probably explains the reasoning behind the current program at Catear Resources, (VSE) Goldwedge property, less than a mile from the Newhaw…
PDAC challenging federal grant incentive plan
The Prospectors and Developers Association of Canada (PDAC) has expressed concern about the federal government’s new grant incentive program for mineral exploration on a number of issues. The program,…
Letters to the Editor Madeleine’s mystery mine
I write you because I am concerned with Madeleine Mines of which I possess 1,500 shares. I refer to two 1988 articles in The Northern Miner, one March 14, the other July 18. The first one mentioned th…
Assoc. Porcupine, Amer. Reserve drill second deep hole
A second deep drill hole has been completed at the Paymaster gold property at Timmins, Ont., partners Associated Porcupine Mines (TSE) and American Reserve Mining (ME) report. The hole was drilled to …
High pitch in profit for Battle Mountain
The profit song of Battle Mountain Gold (TSE) keeps taking on a new and higher pitch. The 3-year-old company reports record earnings in the second quarter and first half of this year, largely, its cha…
Copper producing subsidiary boosts Rio Algom earnings
Increased net earnings reported by 68.8% owned subsidiary Lornex Mining Corp. (VSE) were among the factors which contributed to a profitable first half for Toronto based Rio Algom (TSE), the company a…
Editorial In flow-through limbo
Many in Canada’s mineral exploration industry feel they’re in a state of limbo; activity today is certainly not at the level of 1987’s hectic pace, but neither have the dark days of the early 1980s re…
Cambior names mine in honor of Sullivan founder
Life has been breathed into another of this bustling mining town’s former producing gold mines. With more than 100 guests on hand, Louis Gignac, president of Cambior Inc (TSE), officially opened the E…
American Barrick Resources photo
An aerial view of the newly-opened Holt-McDermott gold mine site, located 25 miles northeast of Kirkland Lake, Ont. The gold mine is the first to open in the historic Kirkland Lake gold mining area in…
Toronto Stock Exchange Interest rates hike, falling gold ravage
Investors scrambled to salvage what little they could following a week-long slump which culminated in a savage 64-pt drop yesterday and today. Last month’ s rally, which set a post-October 19th cras…
Vancouver Stock Exchange Halley gains on Newfields’ deal
A stronger US dollar, talk of higher interest rates and a weaker gold price — the usual culprits — are being blamed for keeping investors on the sidelines of most North American Exchanges, including…