Cassiar reaches turning point in ’87 operations
Last year marked a turning point for Cassiar Mining (TSE) which reported net earnings of $3.7 million and announced plans to develop the McDame asbestos deposit near its existing open pit mining opera…
News
INSIDER TRADES (May 02, 1988)
Barron Hunter Hargrave — J. Hargrave sold 35,000 to hold 4,777,200. Black Hawk — S. Dattels sold 725,000 to hold nil. Canacord — L. McCarthy sold 40,500 to hold 171,200. Canamax — Amax Gold (Can) …
Editor’s Note HALF TRUTHS
I don’t know how often I’ve heard this, but it’s certainly been often enough I and in so many different contexts that for a time I came to consider it only a comfortable cliche — one of those sayings…
More high grade at Newhawk Gold
Several more high grade drill intersections have been reported from Newhawk Gold Mines’ (VSE) Sulphurets property north of Stewart, B.C. Sectional drilling was recently completed on eight new sections…
50 years ago MAY, 1938 WHY DOESN’T THE MARKET MOVE?
When an announcement that a crosscut has encountered a 52-ft orebody, assaying $11 in gold, fails to stir prices of gold mining shares, traders and the public may be excused for wondering, What’s wron…
Euro-Nevada Mining approves placement
The directors of Euro-Nevada Mining (TSE) have approved an $8- million(US) placement of 6 1/2% exchangeable debentures of its wholly- owned subsidiary, Euro-Nevada Mining Corp. Inc. to European invest…
Drill results encourage Aster at dolomite bet
A band of high quality dolomite with a maximum of 1% silica impurities and a minimum whiteness of 88.5% (meeting the company’s standards) has been uncovered by Aster Exploration (ME) at its Portage-du…
Noranda’s Yukon drilling extends potential
Two drill holes have extended the strike potential in the Main zone at the Grew Creek gold discovery near Faro, Yukon. Noranda Exploration is operator for a joint venture which includes Golden Nevada …
News in Brief (April 25, 1988)
Nu Pacific Resources has amalgamated into Iron Lady Resources Inc. (IRD:VSE). Shareholders of Nu Pacific receive 1-new-for-3-old shares; shareholders of Iron Lady receive share-for-share.
Inco has a record quarter, but best is yet to come
Profit earned by Inco Ltd. (TSE) for the first quarter of this year is the largest such profit in the company’s history. Bolstered by the strongest nickel prices in the history of the industry, the co…
Queries Gibson Girl and Caliper remain inactive
Please provide me with some information on Gibson Girl Mines and Caliper Developments. The Northern Miner hasn’t published any news on the two companies for at least a decade. F.M., Orillia, Ont. Acco…
SMDC has record profit from uranium production
Record uranium production combined with lower debt charges and interest rates are the main reasons behind the record earnings of $60.3 million realized by Saskatchewan Mining Development Corp. For the…