People (November 09, 1987)
Canadian Explosives Distributors Association — Rene Mass elected president for 1987-88.
News
Queries Beaulieu Yellowknife a horror story
You’ll find attached a copy of a share certificate from a company that may have been a gold producer in the 1940s. My grandfather bought the stock at my father’s suggestion after the Second World War….
Golden Shield places Mirado bet on hold
Like most junior exploration companies which attempt to make the leap from explorer to successful mine operator, Golden Shield Resources is experiencing some growing pains. Exuberant at having pulled …
Investment Comment Galactic offers pre-production risk
Although a New York brokerage house has not included Galactic Resources on its recommended list, it says Galactic’s four major properties are interesting vehicles for those investors willing to bear p…
EDITORIAL Ontario Hydro rate hike too high
Government-mandated costs in Ontario (including costs of energy, unemployment insurance, compensation assessments) represent about 20 per cent of a mine’s operating expenses, so it was not too surpris…
Toronto Stock Exchange Market takes a pause on its way down
The slide on the Toronto Stock Exchange continued, whipsawing investors with violent swings as it declined. The shortlived rally of Oct 21 was obliterated by three days of losses which wiped out anoth…
Maufort, DeMontigny conclude option deal
An agreement has been reached between Maufort Resources and Ressources Minerales DeMontigny whereby the latter may increase its interest to 50% in the Siscoe- extension property in northwestern Quebec…
Cigar Lake steps closer to uranium production
The world’s largest and richest uranium deposit took another step closer to production. Cigar Lake Mining Corp., which owns the Cigar Lake project in northern Saskatchewan, says that environmental app…
Dickenson buys shares of Wharf
Toronto-based Dickenson Mines has acquired 9.8% of the outstanding shares of Wharf Resources of Calgary. On Oct 16, Dickenson purchased 942,000 shares and then on Oct 26 increased its holdings to a co…
Cambior projects output of 200,000 oz gold in ’88
Gold production of 200,000 oz in 1988 is projected by Cambior Inc., which recently gained control of Sullivan Mines. Quebec-based Cambior, which was formed about 15 months ago, increased its ownership…
Correction (November 02, 1987)
Contrary to a statement in the Oct 12 issue of The Northern Miner, George Nemcsok is the Chief Geologist for Lac Minerals’ Macassa Division. He has held that position since 1979.
Robust commodity prices reflected in Inco results
The strongest nickel and copper markets in five years are being reflected in the bottom line at Inco Ltd. The world’s largest producer of nickel reports third-quarter earnings of $41.4 million compare…