Editorial Zounds] An NDP government in Ottawa
There’s been a lot of talk lately, impelled by a good deal of media exposure and of course by somewhat astonishing by-election victories, about the possibility of a New Democratic Party government at …
News
Editorial The smog of summer
Despite the fact that Canada imposed strict controls on acid- rain-causing emissions from smelters and coal-burning utilities in 1984, our friends south of the border have steadfastly refused to follo…
Toronto Stock Exchange Record breaking week capped by profit taking
A bout of profit-taking capped another record-smashing week on the Toronto Stock Exchange. Fueled by increasing tensions in the Persian Gulf, gold bullion prices soared on Aug 3 to $478(US) per oz. At…
Higher prices for metals brighten Cominco quarter
Selling shares in a subsidiary boosted Cominco Ltd.’s consolidated earnings for the six months ended June 30 to $19.5 million. An extraordinary gain of $17 million was realized from the sale of shares…
Letters to the Editor Setting the record straight
I would like to respond to comments contained in a letter from Henrik Thalenhorst of the Prospectors and Developers Association which you published July 6. As Energy, Mines and Resources Canada takes …
Flow-throughs to fund Marker joint ventures
Marker Resources of Calgary recently completed a $1.4-million subscription agreement with First Exploration Fund 87 to finance exploration activities on joint venture properties in Newfoundland and Ma…
New gold zone at McWatters bet
A new gold zone, known as the J zone, has been discovered 1,200 ft northwest of the old shaft on the McWatters gold project near Rouyn, Que., John McAdam, president of McAdam Resources, reports. Visib…
COATS Trading Features (August 10, 1987)
Additional drill results look good from Card Lake Resources’ gold play in Harker Twp, Ont. A 12.5-ft section assayed 0.235 oz gold per ton. The property is located two miles west of the Holt-McDermott…
People (August 10, 1987)
Northgate Exploration — Pascal Dessureault appointed president of Northgate Mines Inc., a wholly-owned subsidiary. Genco Industries — Manning W. Cox appointed vice-president exploration and director…
Equity 6-month net hits 19 cents per share
Equity Silver Mines reports net earnings of $5.5 million or 19 cents per share in the first half compared to $921,000 a year ago. Anthony J. Petrina, president, said the purchase and delivery to Plac…
Cliff gold production scheduled for year-end
Gold production from a placer eluvial deposit is scheduled to begin by year-end Cliff Resources says. The company plans to start open pit mining and processing of gold- bearing eluvial accumulations f…
Letters to the Editor Disputes Newfields claims
An article in the June 29 issue of The Northern Miner titled “Newfields sees cash flow start by late 1987” contains numerous erroneous and totally misleading statements. Newfields Minerals states that…