Belmoral reports 9-month income of $436,000
A net income of $436,000 (1 cents per share) has been reported by Belmoral Mines for the first nine months of 1987, compared to a loss of $410,000 (2 cents per share) for the same period last year. R…
Articles by Northern Miner Staff
Newfields to probe zone via Lac’s Lakeshore mine
Vancouver-based Newfields Minerals has reached an agreement with Lac Minerals which, Newfields hopes, will allow it to expand reserves at its Kirkland Basin gold prospect in Kirkland Lake, Ont. During…
Robust commodity prices reflected in Inco results
The strongest nickel and copper markets in five years are being reflected in the bottom line at Inco Ltd. The world’s largest producer of nickel reports third-quarter earnings of $41.4 million compare…
Correction (November 02, 1987)
Contrary to a statement in the Oct 12 issue of The Northern Miner, George Nemcsok is the Chief Geologist for Lac Minerals’ Macassa Division. He has held that position since 1979.
Cambior projects output of 200,000 oz gold in ’88
Gold production of 200,000 oz in 1988 is projected by Cambior Inc., which recently gained control of Sullivan Mines. Quebec-based Cambior, which was formed about 15 months ago, increased its ownership…
Dickenson buys shares of Wharf
Toronto-based Dickenson Mines has acquired 9.8% of the outstanding shares of Wharf Resources of Calgary. On Oct 16, Dickenson purchased 942,000 shares and then on Oct 26 increased its holdings to a co…
Cigar Lake steps closer to uranium production
The world’s largest and richest uranium deposit took another step closer to production. Cigar Lake Mining Corp., which owns the Cigar Lake project in northern Saskatchewan, says that environmental app…
Maufort, DeMontigny conclude option deal
An agreement has been reached between Maufort Resources and Ressources Minerales DeMontigny whereby the latter may increase its interest to 50% in the Siscoe- extension property in northwestern Quebec…
Toronto Stock Exchange Market takes a pause on its way down
The slide on the Toronto Stock Exchange continued, whipsawing investors with violent swings as it declined. The shortlived rally of Oct 21 was obliterated by three days of losses which wiped out anoth…
Montreal Exchange Week of the plunge
With panic-selling sweeping world markets this week, investors on the Montreal Exchange could hardly be expected to react differently. Down almost 168 pt (9.5%) on “black Monday” and 99.2 pt (6.2%) th…
Central Crude encouraged by Eagle River results
Central Crude of Toronto has released results of preliminary work at the company’s 118-claim Eagle River project in the Mishibishu Lake area, 40 miles southeast of Hemlo, Ont. The claims were optioned…
United Reef busy on several fronts
Progress is reported by United Reef Petroleums on four gold projects, three in Ontario, one in Montana. On its Alder Gulch project in Montana’s Virginia City area, the company says 23 trenches have be…