News in Brief (June 08, 1987)
Hambro Resources has changed its name to Richwell Resources (rwl:vse) on a one-new-for-three- old share basis.
Articles by Northern Miner Staff
People (June 08, 1987)
Sumac Ventures — Edward D. Ford appointed to the board of directors.
Nova Beaucage raises funds
Toronto-based Nova Beaucage Mines has completed a private placement of $2.7 million with the Societe en Commandite CMR 1987 Partnership. Under the terms of the placement, the partnership will earn a 1…
Metal Prices FUTURES PRICES (June 08, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) June 69.40 69.10 69.40 + 4.10 July 69.40 67.0…
Eureka joins Southlands
Eureka Resources and Southlands Mining Corp. recently concluded a joint venture agreement to develop Eureka’s Frasergold Precious Metals project near Williams Lake, B.C. Under the agreement, Southland…
Junior Mining
A special issue devoted to the activities of junior mining companies — the backbone of Canada’s mining industry. Look for it with the June 15 issue of The Northern Miner.
Editorial Mine deaths must be cut
A miner was crushed to death in a rock fall at one of Rio Algom’s uranium operations this week, the ninth fatality suffered in Ontario mines this year. This is a very serious situation, completely un…
Breakwater to pay dividends
There was good news for shareholders of Breakwater Resources at the recent annual meeting. Chairman Robert Hunter said that Breakwater would probably be paying dividends after the third quarter. This …
Editorial The one per cent solution
The longevity of any mining venture is of prime importance to miners and investors alike. Miners want a secure job in a stable community where they can raise their families and investors want to own s…
Price gains, lower costs impel Dome group profit
It was a banner first quarter in 1987 for the Dome Mines group of gold-producing companies. On a consolidated basis, Dome reports net income for the period of $17,126,000, or 19 cents a share, compar…
MAPAO awards given
The Mines Accident Prevention Association Ontario has presented its first Awards of Excellence for outstanding safety achievements in four sectors of the province’s mining industry — underground mine…
Alberta Stock Exchange Stable trading phase
A majority of issues were listless traders this week, as gold prices behaved erratically. One of the most intriguing movers was Jerome Gold Mines, a generally inactive company. The issue closed at a n…