Analysts not ecstatic on Dome/Placer merger
The merger of Placer Development, Dome Mines, and Campbell Red Lake Mines, has generated mixed reviews from Canadian mining analysts. Few are outright ecstatic about the plan but they tend to agree th…
Articles by Northern Miner Staff
Busy year for Tandem Resources
“Dramatic and positive changes in the company’s affairs have taken place during the past year and it is expected that this trend will continue this year with the company heavily involved in a number o…
Pencrude to earn interest in claims held by Interquest
A letter of intent under which Pencrude Resources will be able to earn a 50% working interest in 257 claims held by Interquest Resources in the Moss Twp.-Powell Lake area of northern Ontario has been …
Power option with Van Horne
A deal has been signed between associated companies Power Explorations and Van Horne Gold Exploration. Power has the right to earn a 50% interest in Van Horne’s gold property five miles south of Dryde…
Better to explore Fording holdings
An agreement has been reached between Better Resources and Fording Coal which will allow the former to explore Fording’s uncommitted base metal mineral holdings in the Mt. Washington area on Vancouver…
Mark converts preferred shares
Toronto-listed Mark Resources says its 303,263 series A preferred shares have been converted into common shares on the basis of two- thirds of one common share for each Series A preferred share. No fr…
Metal Prices PRODUCER PRICES (May 18, 1987)
ALUMINUM: MW U.S. Market 66.50 cents -69.00 cents per lb. (May 7, 1987). ANTIMONY: New York dealer $1.17-$1.22 per lb. (May 7, 1987). BISMUTH: New York dealer $2.90-$3.00 per lb. (Apr 30, 1987). CADMI…
Research grants
Some 89 studies in geology and geophysics will be supported under research grants totalling $1.39 million in 1987-1988, from the federal Department of Energy Mines and Resources. The department’s rese…
News in Brief (May 18, 1987)
For the three months ended March 31, SherrGold Inc. posted a net loss of $2.9 million or 28 cents per share, up from a net loss of $440,000 or 4 cents per share posted in the first quarter of 1986.
Good first quarter for Belmoral; new open pit project is planned
Everything seems to be coming up roses for Belmoral Mines. The Toronto-based resource company, which turned an annual profit for the first time in 1986, reports a first- quarter net income this year o…
Bitech signs deal with Greenstone
Alberta-listed Bitech Energy Resources and a wholly-owned subsidiary of Vancouver-listed Greenstone Resources have signed a formal joint venture agreement regarding the Tache property near Chibougamau…
Editorial Tax reform will not be delayed
It seems the suspense over Federal Finance Minister Michael Wilson’s tax reform proposals and whether or not he will make changes in flow-through share financing will not be too prolonged after all. …