Identifying the upcoming issues
The Canadian mineral industry has spent a great deal of time in the past decade reacting after the fact to changes in the economic, political and social environment that have seriously affected its pr…
News
Dickenson acquires more Wharf shares (March 07, 1988)
An additional 909,100 shares of Wharf Resources have been purchased by Dickenson Mines of Toronto, boosting the latter’s holding in the former to about 5.7 million shares, or 32.8% Dickenson, which re…
NovaGold plans financing for U.S. work
Levesque Beaubien will test the financial waters “in the next little while,” to raise exploration funds for NovaGold Resources, The Northern Miner has learned. Geological consultants, Watts, Griffis &…
Chapleau focuses on Purcell area
An exploration program is planned this year by Chapleau Resources on ground it holds in the Purcell mining camp of southeastern, British Columbia. The program, which could involve about 12,000 ft of d…
Metal Snips (March 07, 1988)
Eight metals — nickel, gold, silver, zinc, lead, copper, iron and molybdenum — accounted for about 94% of the total $7.5 billion value of the more than two dozen metals (excluding uranium) produced …
Minnova continues to focus on gold in Quebec, Ontario and B.C.
Minnova’s exploration activity in 1987 continued to focus on polymetallic massive sulphide base and precious metal mineralization in selected paleo volcanic environments in Quebec, Ontario and British…
Firm gold price aids Kiena profit
Kiena Gold Mines realized net income of $9.56 million or 81 cents per share on revenue of $39.6 million in 1987. The Placer Dome affiliate attributes the improved bottom line to stronger gold prices w…
RCJ Resources expands Sakoose mineralized zone
Drilling by RCJ Resources has extended the known dimensions of the Sakoose gold zone. Located in northwestern Ontario, the Sakoose mine was a former producer which yielded 3,669 oz of gold from ore gr…
N.A. Metals fights Homestake
Life in the North American goldfish bowl is becoming much more exciting for publicly-traded companies with gold reserves and production potential. Indeed, the predatory fish themselves are being pursu…
Ottawa offers to soothe depletion blues
The federal government isn’t budging on its commitment to phasing out the earned depletion portion of flow-through shares, Energy, Mines and Resources Minister Marcel Masse has announced. But he says …
Governments cooperate for B.C. mineral development
The Mineral Development Agreement (mda) between the governments of Canada and British Columbia is at the mid-point of its 5-year (1985-1990) term. It is, therefore, a natural time for review. Briefly,…
Lornex profits up
Profits keep climbing for Lornex Mining Corp., which reports 1987 earnings of $44 million, or $5.32 per share, up 61% from $27.3 million or $3.30 per share in 1986. Revenue rose to $209.3 million from…