Hemlo Gold lives up to early billing
When the initial public offering of Hemlo Gold Mines was subscribed for last February, the company was expected to be a steady money maker. With 87.3 million shares outstanding, Hemlo had the largest …
News
ME listing for Jilbey
Recently listed on the Montreal Exchange was Jilbey Industries, a junior exploration company incorporated in British Columbia in 1983 with head office in North Bay, Ont. Jilbey (symbol jlb) is activel…
June conference
Following up on last year’s theme, the Quebec Metal Mining Association is planning to have speakers at its 1988 annual meeting address the topic of natural resources and regional development. The meet…
Delbridge drilling delayed
The stripping of an area located 2,000 ft southwest of the DeSantis shaft, by Delbridge Mines, has exposed several quartz veins carrying massive sulphides. The DeSan tis property is located near Timmi…
Editorial Dominican Republic is being rapaciopus
The Dominican Republic could be shooting itself in the foot, if it continues to try getting tough with Dominican-based Falconbridge Dominicana, C. por A., the ferronickel-producing subsidiary of Falco…
Agassiz going underground at Lingman set to go underground
Geologists will soon be going underground again on the Lingman Lake gold deposit in northwestern Ontario. It has been about 40 years since someone has been underground there. But a Ned Goodman company…
Economic slowdown brings lower prices for gold
Although 1988 is still young, anyone expecting the price of gold to carry on from the high levels of last year may be forgiven for having second thoughts. The precious metal, which closed 1987 at $486…
Placer Dome continues working Talisman bet
Placer Dome, which has acquired a large property in the Swayze area of northeastern Ontario previously held by Algoma-Talisman Minerals, plans to complete 9,200 ft of drilling this year in 19 holes. D…
Letters to the Editor Speculators “sole support for juniors”
In the more than 40 years that I have read The Northern Miner I have never felt it necessary to respond to some of the letters you have published, but in the issue of Jan 18/88, under the heading Juni…
Lyon Lake to earn 50% of Mosquito Creek bet
Lyon Lake Mines of Rouyn- Noranda has signed an agreement to earn a 50% interest in Mosquito Consolidated Gold Mines’ Mosquito Creek property in British Columbia. The Mosquito Creek property consists …
Investment Comment Lacana to join ranks of 100,000 oz gold
After reporting a bottom line rebound in 1986 and some sterling acquisitions in 1987, Toronto-based Lacana Mining is preparing to cross an important threshold in 1988. With subsidiary Mascot Gold’s Ni…
Toronto Stock Exchange Plummeting golds send market into tailspin
Continuing nervousness concerning the strength of the North American economies came to a head today as plunging bullion prices led the tse into a nosedive. Gold gave up another $27 this week as it bro…