METAL MARKETS Palladium demand recovers
Global demand for palladium recovered last year to equal its record 1984 level of 2.96 million oz, Johnson Matthey reports in its publication Platinum 1987. Supply, however, ran ahead of demand for th…
News
News in Brief (June 29, 1987)
Echo Bay Mines recorded a net income during the first quarter of this year of $8.1 million (18 cents per share) compared with $5.7 million (14 cents per share) for the same period in 1986. Total rev…
The world mining industry turnaround – its implications
The following article was written exclusively for The Northern Miner by Mr Anderson, former chairman, Cominco Ltd. and now a director of Gensler & Schwab Inc., New York, management consultants, and Mr…
Cominco option from Silver Talon
Cominco Ltd. has an option to acquire a 60% undivided interest in the Tulsequah area property of Silver Talon Mines in northwestern British Columbia. Known as the Banker-Sparling prospects, the proper…
Lacana boosted by Mascot Gold purchase
Following a banner year in 1986, in which the company recorded net earnings of $9.6 million (80 cents per share) after extraordinary items, Lacana Mining is looking ahead to even better returns this …
Bankers buy bets
Bankers Petroleum has acquired 73 claims in Turnbull and Godfrey twps, near Timmins, Ont. One 43-claim block includes limited mine workings established between 1909-1911. A surface exploration program…
American Platinum starts exploration work for ’87
A trenching and surface diamond drilling program has been started by American Platinum Inc. on ground near Lac des Iles, Ont. Funded by a flow-through share offering with First Exploration Fund which …
Redpath publishes mining cost book (June 29, 1987)
Junior mining companies wishing to estimate the preproduction capital costs of a small underground exploration project can do so themselves with the help of a new publication prepared by the experienc…
Glamis and Gold Fields sign a lease agreement
A formal lease-purchase agreement has been signed between Glamis Gold and Gold Fields Mining for 2,400 unpatented mining claims in Imperial Cty., Calif. The claims cover approximately 75 sq miles in t…
Surface work to start at Gunsteel gold bet
Surface exploration will begin shortly at Gunsteel Resources’ Nugget gold property near Salmo, B.C. According to Stan Endersby, president, consideration is also being given to direct shipping ore to t…
Blackbird, Galveston deal sign of peace with Pezim
Blackbird Resources, a private company controlled by Ned Goodman, Peter Steen, Timothy Hoare and several other directors of Royex Gold Mining Corp and International Corona Resources, has completed a d…
Fancamp drilling
A diamond drill program has been started by Fancamp Resources on the company’s Gamache Twp., Que., property. The property adjoins the Joe Mann gold mine brought into production this year by Meston Lak…