Freeport-McMoRan boosts earnings
Third-quarter net earnings of $7.3 million(US) (18 cents per share) were reported by Freeport-McMoRan Gold compared with $4.5 million (11 cents per share) for the same period in 1986. Revenues during…
News
Morono exploring two properties
An exploration program by Morono Mines is under way on two properties in northwestern Quebec, the Verneuil and Dufay, the company reports. The work is to be completed by late winter, 1988. Six drillin…
Mishibishu air lift operation by Noranda, Central Crude
A considerable amount of activity was witnessed by The Northern Miner on the road running across the Mishibishu Lake area west of Wawa, Ont. One of the larger operations was an airlift of fuel and dri…
Strong polymetallic grades drilled by Westfield, Goldbrae
Drilling by Westfield Minerals and Goldbrae Developments on their Big Island Lake polymetallic property in Manitoba, has cut high grading precious and base metal values. The property is located five m…
Ontex, Noranda making similar claims
Two lawsuits involving members of the mining community currently under way revolve around claims of withheld information. In the more recent of the two lawsuits, Noranda Inc. is suing Agnico-Eagle Min…
All-North shareholders approve Galactic deal
Shareholders of All-North Resources have approved an agreement which gives Galactic Resources a 64% control position in their company. All- North will issue approximately 6.7 million shares to Galacti…
Hudson Bay earnings reflect gain on sales.
Hudson Bay Mining and Smelting realized net earnings of $13.5 million during the third quarter of this year. This compares to profit of $3.6 million during the same period last year. For the nine mont…
Metal Prices PRODUCER PRICES (November 23, 1987)
ALUMINUM: MW U.S. Market 79.50 cents – 82.00 cents per lb. (Nov 12, 1987). ANTIMONY: New York dealer $1.08-$1.12 per lb. (Nov 12, 1987). BISMUTH: New York dealer $4.75-$4.85 per lb. (Nov 12, 1987). C…
Magnacon yields strong results
The combination of a high percentage of visible gold and good continuity over drifted sections is yielding some pleasant surprises at the Magnacon project 50 miles west of here. Located north of Mishi…
Bio-heap leaching idea to get test in California
Coastech Research Inc. of Vancouver has teamed up with Chester Millar, president of heap-leaching experts Glamis Gold to form a new public company, Biomet Technology Inc. Together, they have raised $5…
Aber and Hemisphere drilling NWT prospect
Joint venture partners Aber Resources and Hemisphere Development have resumed drilling their Sunset Lake polymetallic project located 70 miles northeast of Yellowknife, N.W.T. Encouraged by initial dr…
Lead-zinc conference
A lead-zinc conference set for March 14-15, 1988 at Toronto is being organized by Metals Week. Topics to be discussed will include rationalizations; the effect of uncertain financial times on lead and…