Exploration work for Radcliffe
Radcliffe Resources says exploration is progressing on the company’s Bam gold prospect, in northwestern B.C. Radcliffe’s property is located approximately 100 miles north of Stewart, B.C. and is appro…
News
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…
Metal Prices PRODUCER PRICES (August 10, 1987)
ALUMINUM: MW U.S. Market 76.50 cents -79.50 cents per lb. (July 30, 1987). ANTIMONY: New York dealer $1.06-$1.12 per lb. (July 30, 1987). BISMUTH: New York dealer $3.35-$3.55 per lb. (July 30, 1987). …
David Bell mine spurs earnings for Teck Corp.
Teck Corp reports net earnings of $9.5 million or 21 cents a share in the quarter ended June 30, up from $5.9 million or 11 cents a share in the comparable period a year earlier. Revenues were $52 mi…
Skyline announces updated reserves
Updated reserves have been announced by Skyline Explorations for its Reg property in northwestern B.C. Measured reserves are now 121,330 tons grading 1.25 oz gold and 2.1 oz silver. In addition, 161,9…
Ruttan mine deal closed by Hudbay
Hudson Bay Mining and Smelting has completed the purchase of the Ruttan copper mine from Sherritt Gordon Mines. The mine is located at Leaf Rapids, Man. Terms of the purchase were not disclosed.
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…
Gibralter earnings improve in quarter
Gibraltar Mines had second-quarter net earnings of $288,000, reducing the company’s 6-month loss to $896,000 or 7 cents per share. The first- half loss in 1986 was $2.1 million or 18 cents per share….
Duration to drill Norton Lake play
Reconnaissance exploration on Duration Mines Norton Lake property in Ontario has outlined several gold targets, the company says. Locator Explorations is a joint venture partner on the property. Drill…
Kerr Addison reports small loss during half
Kerr Addison Mines has reported that high mineral exploration and interest costs contributed to a small loss from operations during the first half of 1987. The company reported net income of $17.3 mil…
Queries Black Hawk sold to Platinova
The Northern Miner has received a number of enquiries recently concerning the corporate restructuring of Black Hawk Mining. They wanted to know who are the principles behind this restructuring and wha…
Algo to drill at Adams Lake bet
Drill testing at Algo Resources’ Adams Lake plateau gold and silver prospect is expected to resume immediately. President Errol Hemingson said that under the phase 2 program, his company plans 4,000 f…