Red Dog under way
Construction of the 87-km road from Cominco’s Red Dog mine site in Alaska to the mine’s port site on the Chukchi Sea has started. The road is expected to be open in February. Once open, equipment can …
News
Letters to the Editor Westmin decries error in Nexus story
In reference to your article on the Nexus Group (N.M., Oct 26/87), you have made a critical error. You refer to the “… Nexus/Angle Debbie property… ” and in the next paragraph state that Westmin…
Barrick’s battle takes spotlight
It has been barely a month since the Ontario Court of Appeal decided in favor of turning over ownership of Canada’s biggest gold mine from Lac Minerals to International Corona. But, already, another f…
News in Brief (November 16, 1987)
Cal-Denver Resources has changed its name to Carson Gold Corp. on a basis of one new for two old shares.
Financing for Glen Auden
Glen Auden Resources has reached agreement for a $250,000 flow- through financing which will enable the company to carry out an expanded drilling program on its Detour, La Peltrie properties in Ontari…
Correction (November 16, 1987)
In the Nov 9, 1987, issue of The Northern Miner American Barrick Resources’ net income for the first nine months of 1987 was incorrectly stated. The company recorded net earnings of $17.7 million or 3…
Metal Prices FUTURES PRICES (November 16, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Nov. 102.10 102.10 105.20 + 16.60 Dec. 102.50 94.50 102.40 + 16.8…
Teck and San Paulo to jointventure at Leitch mine
Alberta-listed San Paulo Explorations has announced a $1 million financing through a private placement of 550,000 common shares at approximately $1.82 per share. “These funds will be used for general …
Esso results encouraging at Shasta gold prospect
Joint venture partners Esso Minerals Canada and International Shasta Resources report encouraging results from Esso’s l987 exploration work at the Toodoggone gold-silver prospect in northern British C…
No red ink likely on ’87 balance sheet of Eldorado
Saskatchewan uranium producer Eldorado Nuclear could break even for the full year, in sharp contrast with a net loss last year of $64.4 million. For the nine months ended September 30, the company, 10…
La Fosse has spent $5 million to date on PGM exploration
La Fosse Platinum Group, a company set up specifically to look for platinum group metals in the Labrador trough area near Schefferville, Que., in its first quarterly report says it has completed $5 mi…
B.C. mining generates loss for fifth consecutive year
Although the situation has improved this year, British Columbia recorded its fifth consecutive year of losses in 1986, a Price Waterhouse report concludes. The survey of 30 separate mining companies, …