Northgate earnings up compared with ’88
Toronto-based Northgate Exploration (TSE) has reported unaudited net income of $8.5 million or 35 cents per share for the nine months ended Sept 30, compared with $2.2 million or 10 cents per share …
Articles by Northern Miner Staff
Epoch to drill
Ground exploration by Epoch Capital on properties in Newfoundland has identified several drill targets. On the Lady Pond property, two drill holes will test a geophysical anomaly near old underground …
Sikaman project under construction
Construction is under way at the Bogosu gold project in Ghana, West Africa, Sikaman Gold Resources (TSE) reports. The mine, with open pit reserves (proven and probable) of about 13.3 million tons grad…
Alberta Stock Exchange Montclerg shoots up
The recent gains made by Montclerg Resources seem to reflect investors’ excitement over the company’s acquisition of the former Temagami Gold Mines property in Delhi Twp., near Sudbury, Ont. While onl…
Managing Canada’s Mines Projects such as Polaris assert Canada’s
Cominco’s Polaris operation on Little Cornwallis Island, 75 miles from the magnetic north pole, is the world’s most northerly base metal mine. Manager A.J. Keen says it has proven that industrial deve…
Asarco earnings rise
Third-quarter net earnings of $52.7 million(US) were reported by Asarco Inc. (NYSE), a 14% increase over restated earnings of $46.2 million for the same period in 1988. Earnings per share amounted to …
Hecla will spend $6.6 million to boost Republic gold output
A major $6.6- million development program is slated to begin early next year at the Republic gold mine property in northeastern Washington State. For the past five years the high- grade mining operati…
Inco to develop new mine in Sudbury at cost of $179 million
A new $179-million nickel mine is expected to begin production by 1993, Inco Ltd. (TSE) says. Construction of the facility, known as McCreedy East in the Levack area of the Sudbury Basin in Ontario, w…
COATS (over-the-counter) (December 11, 1989)
Carolin Mines continued making advances for the week ended Dec 5, trading as high as $1.60 before a sell-off forced the issue back to 80 cents on Dec 4. The company plans to examine the possibility o…
IOCC GOLD OPTIONS (December 11, 1989)
Options Open Series Volume Last Interest Feb 380 C 153 34.00 1,109 Feb 390 C 253 23.80 1,291 Feb 400 C 674 20.00 2,569 Feb 410 C 424 13.50 906 Feb 420 …
Abcourt, Val d’Or finish geophysics at Bardome project
A geophysical program carried out on the Bardome base metals property north of Val d’Or, Que., was completed recently by partners Val d’Or Resources (ME) and Abcourt Mines (ME). Val d’Or Resources is …
Gold funds as of Dec 5
MVP BGR Central Capital Net value $12.30 $6.38 $0.52 Price $11.25 $6.50 $0.38 Discount 8.54% 1.9% 27% Value $72,897,506 $10…