Seabright sinking
Operations at the Beaver Dam and Forest Hill gold mines, purchased by Western Mining Corp. late last year, are well below original expectations. Located in Nova Scotia, the properties were developed b…
Articles by Northern Miner Staff
Grab Samples (June 20, 1988)
Senior management at Lac Minerals is remarkably youthful — the average age of those holding the seven top management positions early this year was 49 — but that hasn’t prevented a couple of key pers…
Grab Samples Column
Unconfirmed street talk is that the claims protecting Hemlo Gold’s Golden Giant mine at Hemlo, Ont., are being restaked by a junior mining company. At presstime, the Thunder Bay, Ont., mining recorder…
Tandem sees another busy year
With a number of ongoing projects, Tandem Resources (ME) will be quite active in exploration again this year, President Stanley G. Hawkins told shareholders attending the company’s annual meeting, exp…
Letters to the Editor Franc Joubin had it straight
Apropos my recent Odds ‘n’ Sods memoir anecdote (N.M., May 30/88), about “Black Angus,” my critic Eric Ascroft (letter, Northern Miner issue of June 13/88) has reason for his confusion, exceeded only …
COATS Trading Features (June 20, 1988)
Transgold came back to life this week, trading more than 150,000 shares to close at 90}. Just two weeks ago, the issue was quiet at 55}. The company’s main asset is a major land position in the Wawa- …
Rio appointments beef up mining wing
Toronto-based Rio Algom (TSE) is beefing up its mining wing with a couple of appointments in the company’s executive suite. President Ray Ballmer will become the company’s new vice- chairman Aug 1, wh…
INSIDER TRADES (June 20, 1988)
Amer Ore — G. Oughtred bought 75,000 to hold 205,000. Gldn Briar — Flag Res (1985) bought 16,000 to hold 869,266. Gldn Shadow — E. Rosenberg bought 147,500, sold 175,000 to hold 128,285. Imperial M…
Equinox studying chance of new mill
Operating cash flow for Equinox Resources for the six months ended April 30 was $605,000 or 14} per share. Total exploration and capital expenditures were $2.9 million of which $402,000 was expended o…
Montreal Exchange (June 20, 1988)
Better market showing A volatile gold price notwithstanding, the market continued to strengthen this past week, with both the market portfolio and mining and minerals index registering sizable gains (…
Metal Prices FREE MARKET (June 20, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date June 14 June 13 June 10 June 9 June 8 Copper 1376-1380 1430-1432 1555-1560 1525-1540 1480-1…
Sikaman, Centenary in joint venture
A joint venture agreement has been entered into by Sikaman Gold Resources (TSE) and Centenary International Mining of Australia to develop a base metal property in northwest Australia. Sikaman may ear…