Breakwater to pay dividends
There was good news for shareholders of Breakwater Resources at the recent annual meeting. Chairman Robert Hunter said that Breakwater would probably be paying dividends after the third quarter. This …
News
Nickel market looks to a better year
While 1986 was a difficult year for nickel producers, the market should pick up during the rest of this year and carry over to 1988, Shearson Lehman Brothers forecasts in its latest annual review of t…
General News & Comment Guy Allen
Guy Allen, a former columnist who wrote a regular report on the Alberta mining scene for The Northern Miner from Calgary, has relocated in New Westmin ster, B.C., and has established a geological cons…
Northern plans drill program
Exploration activity by Northern Mining Explorations of Amos, Que., will be centred this year on gold property in Isle-Dieu Twp., near Matagami, President Jean-Guy Cotnoir reports. Results to date for…
Metal Prices FREE MARKET London Metal Exchange (June 08, 1987)
Spot closing prices in Pound Sterling per tonne Date June 2 June 1 May 29 May 28 May 27 Copper 928-930 927-928 920-922 928-929 929-931 Lead 413-415 412-413 …
Camreco to drill
About mid-June, Camreco Inc. says it plans to get into top gear on a major drilling program on its gold properties near Dryden, Ont. Earlier this year, Camreco arranged with MVP Exploration (1987) and…
Leach pads planned at 2 Naneco sites
Bulk tonnage leach pads are planned this year by Calgary-based Naneco Resources at two of its projects: the Longstreet gold/silver prospect in Nevada and the Johnson Gulch gold prospect in South Dakot…
“Spectacular” results at B.C. silver find
Exploration companies have been known to succumb to the “herd instinct,”which probably explains their almost total obsession with gold. But the successor to Corporation Falconbridge Copper, Minnova In…
Major cash flow improvement anticipated by Queenstake
A marked improvement in operating cash flow is expected by Queenstake Resources this year because of two new acquisitions and a higher gold price. At the annual meeting, Gordon Gutrath, president, als…
General News & Comment Survey maps of Dryden area to be released
Ontario’s Ministry of Northern Development and Mines says it will release the results of a recently- completed airborne geophysical survey of a 4,000-km area south of Dryden, on May 26. The ministry s…
Stan West funded for 500 ton mill Arizona gold mine (line head)
Culminating six years of exploration and development work, Stan West Mining Corp. has now raised $12.1 million(US) in new financing to bring its McCabe gold-silver mine in Arizona into production. At …
Mill construction contract awarded by Skyline Expl.
A contract has been awarded to Orocan Inc. of North Vancouver for mill construction at Skyline Explorations’ Reg property north of Stewart, B.C. Initial mill capacity will be 200 tons per day, expanda…