Lac Minerals doubles 1st-quarter earnings
Doubling its earnings during the first quarter of this year compared with 1987 was Lac Minerals (TSE), which attributes the hefty increase to higher gold prices and a higher interest income. Earnings …
Articles by Northern Miner Staff
Automation symposium (May 23, 1988)
The 3rd Canadian Symposium on Mining Automation is scheduled for Sept 14-16 at Hotel Holiday Inn in downtown Montreal. The meeting is being organized by the Canadian Advisory Committee on Mining Autom…
Goldpost targets production from Hislop gold properties
With an $8.4-million exploration- development program budgeted for 1988, Goldpost Resources Inc. (TSE) expects to have sufficient data by the end of October for a feasibility study leading to a produc…
Editorial Corporate giving not just a frill
Placer Dome, now in the major ranks of Canadian mining companies, the other day pledged to give $500,000 toward a $34- million campaign fund for a major hospital in Toronto, the funds to be used for t…
Montreal Exchange Final Eastmain study
Encouraging news from northern Quebec has partners Placer Dome and MSV Resources about to undertake a final feasibility study on the Eastmain gold project, which could be put into production by late 1…
Starrex recovers mine investment
All capital investments of Starrex Mining (TSE) in the Star Lake gold mine in northern Saskatchewan have been recovered and a 35% participating interest has reverted to Starrex, the company reports. S…
Correction (May 23, 1988)
A story in the May 9 issue describing the Simkar gold project near Val d’Or, Que. failed to mention the company which holds the ground in which Ronrico Explorations has earned a 25% interest. The pro…
Muscocho revises Echo Bay deal
In a revised agreement with the Muscocho Group of companies, Edmonton-based Echo Bay Mines (TSE) will pay a premium to gain a major foothold in the eastern Canadian gold industry. But a piece of fine …
Vancouver Stock Exchange Central Crude takes a big jump
It wasn’t the price of gold and it wasn’t drill results. Central Crude jumped $1.29 to close at $4.15 after touching a year-high of $4.25 this week on volume of more than a million shares on news that…
Gordex to test mine potential
A 30,000-ft program is planned to test the underground mining potential of a wide gold zone, discovered earlier this year (N.M., Feb 29/88), about 1 km north of the open pit gold mine at Cape Spencer,…
Glen Auden/Mineta drilling completed
A 36-hole overburden drill program has been completed at the joint venture between Glen Auden Resources (TSE) and Mineta Resources (VSE) in Massicotte Twp., Que. Twenty-four of the holes contained gra…
Acadia/Hecla deal signed
An agreement between Toronto- listed Acadia Mineral Ventures and the Canadian subsidiary of Idaho- based Hecla Mining was signed this week. Over the next three years, the agreement could give Acadia a…