Metals Report Gold starts ’87 with bang
That oppressive U.S. trade deficit just won’t go away. On a downtrend since August, it seemed like the deficit was slowly coming under control. Then November’s deficit was announced — $19.2 billion, …
News
Toronto Stock Exchange Market action booming with Bay St bull
With the stock market rally continuing on North American exchanges and key indicators sprinting into uncharted territories, the 4-year old bull looks as frisky and as feisty as ever. And despite its a…
VSE breaks records in volume, value
Like the Toronto Stock Exchange, (N.M., Jan 12/87), the Vancouver Stock Exchange broke records in 1986. Volume traded at 3.5 billion shares, establishing a new high surpassing by 12.9% the previous re…
Goldenbell on target
Work on the Pinetree gold property held by Goldenbell Resources is continuing on schedule, the company says. Located in California, the Pinetree property is being readied for mine construction beginni…
Lenora calculates Worvest reserves
Reserves have been calculated by Lenora Explorations for the company’s Worvest property, held in joint venture with American Barrick Resources. Located immediately west of Barrick’s Holt-McDermott min…
Canamax budget to hit $11 million
A total of $11.5 million is budgeted by Canamax Resources on Canadian exploration this year. Of that amount, $8 million comes from certain agreements reached with Amax of Canada Ltd., Amax Inc. and NI…
Rio’s default felt in Spain
Fallout from Rio Algom’s decision to default on a $155-limited non- recourse loan to build its East Kemptville tin mine in Nova Scotia is being felt elsewhere in the world. In November Rio handed over…
Muscocho cuts main gold zone on Magnacon bet
Muscocho Explorations says a crosscut from the recently- completed ramp intersected the main gold-bearing zone at the 300-ft level on the Magnacon property at Mishibishu Lake near Wawa, Ont. Muscocho,…
Letters to the Editor Minicipalieies back flwo-through
The following letter has been sent to Finance Minister Michael Wilson at Ottawa. I would like to take this opportunity to convey to you some of the very strong feelings that many of our member municip…
Agnico-Eagle basks in bright ore position
While there will be no output from Agnico-Eagle Mines’ silver division here until its new $2.5-million mill is ready, which now looks like mid-year, there has been absolutely no letup in exploration o…
range tables error
Readers may have noticed that some of the 1985 high-lows in the 1986-1985 price range tables published in last week’s edition of The Northern Miner were the same as for 1986. This was due to a techni…
Stabell and Acquisitor underground at Val d’Or LD
Work is under way on rehabilitating the No 2 shaft at Stabell Resources’ Dubuisson Twp. gold property near Val d’Or, Que. The work, which is being done with Acquisitor Mines which has an option to ear…