Queries Assets of Corona Mines acquired in 1930
Would you please provide some information on the current status of Corona Mines Ltd. As a holder of a Corona stock certificate dated Feb 24, 1928, I wonder if it’s worth anything? N.W. Elliot Lake, O…
News
Monte Carlo, Kidd Res plan amalgamation
An amalgamation proposal has been announced by Monte Carlo Resources and Kidd Resources. Both companies share the same management. The amalgamation must be approved by Kidd shareholders at a meeting s…
Visible gold found at Radcliffe’s North Lake
As Radcliffe Resources prepares to drill the fifth of a 10-hole program at its wholly-owned North Lake property 25 miles north of La Ronge, Sask., the company says it has encountered visible gold. Vic…
Prices, investment gains aid Placer Dome profit
Higher gold prices and recent gains from investments boosted Placer Dome’s earnings for the first nine months of 1987 to $184.6 million or 35 cents per share, on revenues of $603.1 million. This is u…
Metal Prices (November 23, 1987)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Nov. 17 Nov. 16 Nov. 13 Nov. 12 Nov. 11 Copper 1412-1413 1450-1460 N/A 1355-1365 1465-1…
T&H using two drills (November 16, 1987)
T&H Resources is busy with two drill rigs on its Garrison Twp., Ont., gold prospect. The work is testing sections of an easterly striking zone which has only been examined to a depth of 200 ft. The cu…
Seadrift loss
Seadrift International Exploration reports a loss of $834,000 for the nine months ended Sept 30, compared with a loss of $321,0000 in the similar period last year. The company reports issue of share c…
Canada burning with gold fever, coast-to-coast
If all that glitters isn’t gold, Canadian mining companies in 1987 weren’t aware of it. From British Columbia’s Queen Charlotte Islands to unlikely places like Baie d’Espoir in Newfoundland, Canada wa…
Correction (November 16, 1987)
In the Nov 9, 1987, issue of The Northern Miner American Barrick Resources’ net income for the first nine months of 1987 was incorrectly stated. The company recorded net earnings of $17.7 million or 3…
Barrick’s battle takes spotlight
It has been barely a month since the Ontario Court of Appeal decided in favor of turning over ownership of Canada’s biggest gold mine from Lac Minerals to International Corona. But, already, another f…
New exploration records for Newfoundland in ’87
Mineral exploration activity in Newfoundland during 1987 will very likely set new records for (a) claim staking, (b) the number of claims held in good standing, (c) total exploration expenditures and …
Black Swan doing well in Australian
There are some striking similarities between the Australian and Canadian mining industries; so it’s not surprising that Australian companies are doing business in Canada and Canadians are developing n…