Letters to the Editor (March 21, 1988)
I do hope you plan to soon re-introduce oil stock quotations. Many of the oils have mining properties, for example, Barons Oil, in which I have an interest. Too, The Northern Miner is such a reliable …
News
Lac omits stats on Williams mine
Shareholders of Lac Minerals are sure to be pleased by the company’s 1987 earnings of $38.7 million. But when those same shareholders gather April 14 for the company’s annual meeting, there is bound t…
Colony incurs loss
A net loss of $12,000 is reported by Colony Pacific Explorations for the year ended Oct 31, 1987. This compares to a loss of $503,000 the year before. Operating income was $39,000 on revenues of $318,…
Another Carlin strike for Barrick Res.
They may have called it the “Screamer” deposit, but American Barrick Resources has kept very quiet about the latest discovery along the Carlin gold trend near Elko, Nev. While the Toronto company has …
Cusac draws healthy return from B.C. mine
Gold production of 21,840 oz was achieved in 1987 at the Table Mountain project near Cassiar, B.C., according to preliminary data released by Cusac Industries of Vancouver. The mine is operated by Tot…
Belmoral, Yorbeau complete agreement
Completion of an agreement whereby Belmoral Mines will spend $10 million to acquire a 50% interest in Yorbeau Resources’ Astoria gold property in northwestern Quebec, and $5 million to acquire Yorbeau…
Editorial Paying for municipal services
Mining has been good for the north, but as mines develop it is often difficult to ensure the north keeps its share of the wealth mines generate. Money spent on wages and services are generally recir…
Metal Prices FUTURES PRICES (March 21, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar 104.30 101.10 101.10 + 1.60 May 97.00…
Platinum at Big Trout
The first hole in the current drill program at Big Trout Lake in northwestern Ontario by International Platinum Corp. has returned an assay of 0.15 oz platinum group metals per ton over two feet, pres…
Falconbridge considers shaft for Craig orebody
By the end of 1988, Falconbridge Ltd. will know whether or not copper/nickel ore reserves in the Craig orebody, north of Sudbury, will be sufficient to justify driving a new shaft to provide a means o…
Noranda/Matachewan plan joint program
Noranda Exploration Co. (Norex) has signed a letter of intent with Matachewan Consolidated Mines regarding its property along the Destor Fault. Norex has agreed, subject to a more formal agreement, to…
CSA net earnings
CSA Management Ltd., which manages several goldfunds, realized net earnings of $970,370 or 35 cents per share for the 9-month period ended Dec 31. This compares to earnings of $2.57 million or $1.17 …