Canhorn units
Canhorn Mining of Toronto has entered into a private placement agreement with Great Horn Inc. of New York whereby the latter may purchase 200,000 units of Canhorn for a total consideration of $500,000…
News
Equinox results from Muskox bet
Partial results have been released from a recent exploration program at the Muskox property in the Northwest Territories. The property is the subject of a joint venture agreement between Equinox Resou…
COATS Trading Features (November 16, 1987)
Mirado Nickel Mines, which holds a royalty interest in a gold play near Kirkland Lake, Ont., was steady at 18 cents -20 cents . Unfortunately, no royalties will likely be coming. The mine was shut dow…
Minerals play a vital role in society
Neither mining executives nor media personnel are entirely happy with their relationship. Mining men feel that much of the coverage of their industry is unfair or inaccurate or both. They believe the …
Newmont has income drop in 1987 third quarter
While rebounding from the beating it took during the recent takover bid by corporate raider T. Boone Pickens, Newmont Mining Corp. has reported a drop in net income for the 1987 third quarter. Newmont…
Lac acquires 85% interest in Chilean zine mine, properties
Lac Minerals, through its wholly owned U.S. subsidiary Lac Minerals (USA), has made a $19-million (US) investment in a zinc mine and several base and precious metals exploration properties in Chile. T…
Breakwater shows a profit after production increase
After a 40% production increase and a 30% hike in the price of gold, Breakwater Resources has broken out the black ink to record its financial results for the first nine months of 1987. Vancouver-base…
Former Belmoral president busy with other projects
Mining executive J. Malcolm Slack isn’t running Belmoral Mines any more, but he’s not out of mining. The son and grandson of gold miners has other projects on the go, and has developed another interes…
Pelangio-Larder confirms presence of 2 vein systems
Preliminary exploration of the Horwood Twp. gold property in northern Ontario by Pelangio- Larder Mines has been completed as part of an earn-in agreement with Bayridge Developments, Pelangio reports….
Newmont Gold increases third quarter income
Higher gold prices combined with increased production from its Gold Quarry mine in the Carlin gold belt of Nevada, to give Newmont Gold Co. a third quarter earnings boost. Newmont says 1987 third quar…
Anglo Porcupine deals with Norex
Alberta-listed Anglo Porcupine Gold Mines has entered into a joint venture agreement with Noranda Exploration. Anglo can earn a 45% interest in the 46-claim Horwood property near Timmins, Ont. by spen…
Whim Creek gold record set at Meekatharra mines
Record gold production was realized by Whim Creek Consolidated from mining operations in Australia. For the nine-month period ended Sept. 30, the company produced 30,193 oz of gold. For the third quar…