Rising copper prices boost Gibraltar profits
For the first time since copper prices began to weaken in 198l, Gibraltar Mines has reported a 9-month profit. Earnings were $963,000 or 8 cents per share, compared to a loss of $3,470,000 or 30 cent…
News
More drilling under way on Golden North claims
Following a successful $1.5-million spring program of drilling and development work, Golden North Resources is spending a further $617,000 to drill the Canty East target area of its Nickel Plate Mount…
Abermin to drill NWT gold find
A high grade gold-bearing vein system discovered during the 1987 season by Abermin Corp. will be further investigated by field work and an extensive drilling program next spring. The Wombat zone is at…
Perron Gold drilling H vein in preparation for drifting
In preparation for planned drifting on the 1,362-ft level at Perron Gold Mines’ Sleeping Giant project north of Amos, Que., a drilling program has been started to test the H vein, section by section b…
Correction (November 23, 1987)
American Barrick Resources reported net income of $17.7 for the first nine months of 1987. The Northern Miner printed an incorrect figure in the Nov 9 issue.
People (November 23, 1987)
Toronto Stock Exchange — Terry Popowich assumes position of vice-president domestic trading, succeeding Huntly F. McKay who is retiring for reasons of health.
Letters to the Editor Ignorance of Ireland
If I were of Irish descent and a Northern Miner subscriber, I would be inclined to cancel my subscription forthwith. As I am neither, I wish merely to say the last paragraph of your editorial IRA’s sh…
Messeguay probes property at depth
A drilling program at the Launay gold property in northwestern Quebec continues to investigate at depth, Messeguay Mines reports. The property is located about 25 miles northeast of Rouyn-Noranda and …
Inco regains lead in world nickel market
The fruits of seven hard years of downsizing, restructuring and rationalization are finally being enjoyed by Inco Ltd. One of the most tangible benefits of the rationalization program has not only bee…
Taywin completes drilling Electrum gold/silver bet
Encouraged by drill results at its Electrum gold- silver prospect on Vancouver Island, Taywin Resources is considering the possibility of direct shipping some of the high grade ore on the property. Pr…
Demand, low inventories send copper prices flying
When copper producers in the future look back at 1987, they will probably do so with some fondness. Steadily rising prices this year have seen the base metal touch $1.25(US) per lb on the London Metal…
Flow-through equips Power for Dryden area ventures
Toronto-based Power Explorations has added $3,103,325 to its treasury through a recent flow- through share issue and by exercising some Series A warrants, the company says. As a result, Power is fully…