Improved gold production boosts Echo Bay profit
Improved gold production enabled Echo Bay Mines (TSE) to increase earnings in 1987 to $54.4 million (US) from $48.5 million(US) realized in 1987. For the year, Echo Bay produced 585,000 oz of gold com…
Articles by Northern Miner Staff
New mines minister to speak at March convention of PDAC
Scheduled to make his inaugural address to the mining industry, at the 57th annual convention of the Prospectors and Developers Association of Canada (PDAC), is the newly appointed minister of Energy,…
Dore Norbaska in Mexico
Encouraging drill results have been received by Dore Norbaska Resources (TSE) from the company’s gold property in Sonora, Mexico. Dore holds its interest in the project via a 49% equity interest in No…
Joubi drill results
Partners Western Quebec Mines (ME), Messeguay Mines (ME) and Oasis Resources (ME) have reported more encouraging results from drilling at the Joubi gold property at Val d’Or, Que. Among the better res…
Alberta Stock Exchange Bitech again
For the umpteenth week in succession, it seems, Bitech Energy Resources was the clear leader both in terms of price increase and number of shares traded. Certainly, a number of other issues including …
Spot prices at a glance Price Week’s ($US) Change($) Gold Silver
Courtesy of Scotiabank. Information above believed to be from reliable ** ** sources, but not guaranteed by Scotiabank or The Northern Miner. ** *London A.M. Fix, per oz. **LME settlement, per lb. -Gr…
Metal Prices FUTURES PRICES (February 27, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb137.00 133.50 137.00 + 11.20 Mar134.80 129.00 134.50 + 10.70 Apr125.50 125.50 13…
Control of Westfield sold to Bronfman group outpost
Like sister company Northgate Exploration (TSE), Toronto-based Westfield Minerals (TSE) recently became part of a huge network that is controlled by the Bronfman- owned Hees International Bancorp. Tha…
Ego funding Asquith Twp. drill program
Joint venture partners Ego Resources (TSE) and Asquith Resources (COATS) report encouraging gold values have been returned from recent drilling on their Asquith Twp. property, located south of Shining…
Editorial Easy money
A falling gold price has made life difficult for many Canadian mineral exploration companies. That, combined with government changes to tax breaks for individuals investing in mineral exploration, has…
Placer Dome mine fatality
No cause has yet been determined for an accident at Placer Dome’s (TSE) Dome mine in South Porcupine, Ont., on Feb 20 that claimed the lives of three miners. The three men — Lionel Legault, 47, of So…
Timmins Report Stan West changing DeSantis
If the Porcupine branch of the Prospectors and Developers Association of Canada has its way, prospectors’ licence will be renewable only once every three years, instead of annually as is now the case….