News

Former Belmoral president busy with other projects

Mining executive J. Malcolm Slack isn’t running Belmoral Mines any more, but he’s not out of mining. The son and grandson of gold miners has other projects on the go, and has developed another interes…


Breakwater shows a profit after production increase

After a 40% production increase and a 30% hike in the price of gold, Breakwater Resources has broken out the black ink to record its financial results for the first nine months of 1987. Vancouver-base…



Newmont has income drop in 1987 third quarter

While rebounding from the beating it took during the recent takover bid by corporate raider T. Boone Pickens, Newmont Mining Corp. has reported a drop in net income for the 1987 third quarter. Newmont…


T&H using two drills (November 16, 1987)

T&H Resources is busy with two drill rigs on its Garrison Twp., Ont., gold prospect. The work is testing sections of an easterly striking zone which has only been examined to a depth of 200 ft. The cu…


COATS Trading Features (November 16, 1987)

Mirado Nickel Mines, which holds a royalty interest in a gold play near Kirkland Lake, Ont., was steady at 18 cents -20 cents . Unfortunately, no royalties will likely be coming. The mine was shut dow…


Minerals play a vital role in society

Neither mining executives nor media personnel are entirely happy with their relationship. Mining men feel that much of the coverage of their industry is unfair or inaccurate or both. They believe the …


Equinox results from Muskox bet

Partial results have been released from a recent exploration program at the Muskox property in the Northwest Territories. The property is the subject of a joint venture agreement between Equinox Resou…


EDITORIAL Ontario Hydro rate hike too high

Government-mandated costs in Ontario (including costs of energy, unemployment insurance, compensation assessments) represent about 20 per cent of a mine’s operating expenses, so it was not too surpris…



Golden Shield places Mirado bet on hold

Like most junior exploration companies which attempt to make the leap from explorer to successful mine operator, Golden Shield Resources is experiencing some growing pains. Exuberant at having pulled …


Queries Beaulieu Yellowknife a horror story

You’ll find attached a copy of a share certificate from a company that may have been a gold producer in the 1940s. My grandfather bought the stock at my father’s suggestion after the Second World War….


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