Nanisivik mine profitable for MRI
Mineral Resources International reports net income of $4.5 million or 30 cents a share, for the nine months ended Dec 31, compared with a loss of $700,000, or 5 cents a share at the end of 1985. The…
Articles by Northern Miner Staff
Montreal Exchange Mining issues shine (March 09, 1987)
The action wasn’t all resource companies, but mines and minerals shares had a significant, and favorable, impact on trading on the Montreal Exchange this past week. One of the most actively traded iss…
Contractor selected for ERG project
A management engineering group has been selected by ERG Resources, for the company’s $65-million gold tailings project near Timmins, Ont. Kilborn Ltd., an engineering consulting company, will complete…
Accelerated program set on Marigold gold project
The 8 South Zone of the Marigold gold project near Battle Mountain, Nev., will be the subject of an accelerated exploration program this year that will include a completed feasibility study, says Davi…
Seabright subsidiary fishes for gold in Nova Scotia
While fish is still considered Nova Scotia’s most valuable natural resource, Seabright Explorations is hoping to net a fortune in the province’s reactivated gold mining camp. At presstime a final pros…
Lornex ups profit
Net earnings for 1986 were $27.3 million or $3.30 per share, Lornex Mining Corp. reports. That represents a 13% increase in profits over those realized in the previous year. Revenues, however, decline…
United Reef buys platinum concession
A letter of intent has been signed between United Reef Petroleums and a private company for the purchase, by United, of a 32,000-acre concession in the Labrador Trough. Located in northeastern Quebec,…
Unique platinum play for Eldor, Ellen
A unique showing of platinum mineralization, associated with uranium and gold, is the focus of an exploration program operated by Eldor Resources and funded by partner Mary Ellen Resources. Known as t…
Editorial Ups and downs at the PDA convention
The mood at this year’s convention of the Prospectors and Developers Association of Canada will likely swing somewhere between exhilaration and apprehension. Among the 3,000 or so delegates expected…
Brohm to develop South Dakota bet
With a working capital of $4.3 million, Brohm Resources says it is in an excellent financial position to develop its Gilt Edge project in South Dakota. The company recently completed a private placeme…
Exploration heats up Northwest Territories
With the resounding success of the Lupin gold mine which produced nearly 194,000 oz of gold last year at its site just 56 miles south of the Arctic Circle, many junior companies are following the exam…
Moneta acquires a base metals deposit
Moneta Porcupine Mines has acquired a 15-claim property in Blondeau Twp., near Belleterre, Que. The claims include a deposit which was explored by Kelly Lake Nickel Mines years ago. More than 62,000 f…