1987 financial results, best ever for Northgate
Following the sale of its Chibougamau gold/copper mines to Western Mining Corp. of Australia, Northgate Exploration recently reported its best ever financial results. Northgate ended the year with app…
News
Letters to the Editor Ok Tedi ok
For the record, it would be appreciated if you could inform your readers that the title printed over my article in the March 7 issue does not reflect the views expressed in the article itself. The Ok …
Mining courses at Penn State
A series of short courses on mining and mining-related subjects is being offered from March through June of this year by the college of earth and mineral sciences at Pennsylvania State University. The…
Texmont to earn 50% of Gowest property (March 14, 1988)
Vancouver-based Gowest Amalgamated Resources has granted New Texmont Explorations of Toronto an option to earn a 50% interest in a 14-claim property in Tully Twp., 40 km northeast of Timmins, Ont. Und…
No bull market for gold in `88: Shearson
Although the worst is over for the gold price after the metal’s recent plunge to the $420-$430(US)- per-oz-range, there is no likelihood of a sustained bull market during the remainder of 1988, Shears…
Partners dispute holds up work on DOC gold-silver bet
A dispute between joint venture partners Magna Ventures and Silver Princess Resources is holding up work on the Doc gold-silver claim group in the Sulphurets belt near Stewart, B.C. At issue, accordin…
Laurin named to head SOQUEM
The Quebec government mining company soquem (Societe quebecoise d’exploration miniere) has a new president and chief executive officer. Andre Laurin, formerly assistant deputy minister (mines) with th…
Production increases 11% at Audrey’s Mobrun
With production from the underground section of its 70%-owned Mobrun polymetallic mine well underway, Audrey Resources has completed its second quarter as an operating mining company. Production at th…
Minnova reports drop in income
Net income of $3.3 million (24 cents per share) was recorded by Minnova Inc. of Toronto in 1987 compared with $4.65 million (35 cents per share) the year before. The company says metal production and…
Tanqueray interest in Valley gold mine
An option has been acquired by Tanqueray Resources giving the company the right to earn a 10% interest in the Valley gold mine property. The project is located near Republic, Wash. Tanqueray can earn …
Zahavy extends zone
Zahavy Mines, an affiliate of Noramco Mining Corp., has released more drill results from the company’s gold project near Favourable Lake, north of Red Lake, Ont. The drilling, which tested the No 3 ve…
Vancouver Stock Exchange Pezim enters the fray for NAM
As was widely anticipated (N.M., March 7/88), a Prime Capital (Pezim) Group company has entered the takeover battle for Vancouver-based North American Metals. It has added a bit of much- needed excite…