Dickenson boosts first-quarter income
Continuing its “winning” ways, Dickenson Mines of Toronto recorded a net income during the first quarter of this year of $1.2 million (9 cents per share), compared with $431,000 (4 cents per share) …
Articles by Northern Miner Staff
Place Res. boosts 1st-quarter income
Net income for Place Resources during the first-quarter of this year was $348,700 (5 cents per share), up from $250,896 (3.5 cents per share) for the same period last year. Cash flow for the quarter…
Writing award
A writer for The Northern Miner is the winner of one of a number of journalism awards presented at the Canadian Institute of Mining and Metallurgy annual general meeting. Staff writer Laima Dingwall w…
Kasner companies get flow through
Junior companies within the Kasner Group, have raised a total of $2.5 million via a private placement of flow-through shares to MVP Exploration (1987) and Co. Sholia Resources will receive $500,000 as…
Metal Prices FUTURES PRICES N.Y. Commodity Exchange (May 11, 1987)
Week’s High Low Close Change COPPER (in US cents per lb.) May 65.00 64.15 64.90 + 2.85 July 64.25 63.45 64.20 + 2.15 Sept. 64.0…
Diana buying 28 claims
A 2,800-acre, 28-claim property in Bearn and Dalquier Twps. in northwestern Quebec is being acquired, subject to regulatory approval, by Diana Resources. The property is one block removed and on strik…
Innovate to survive, CIM plenary told
“Innovation … represents a revolutionary change in operating style for an industry that is known for the conservatism of its management. We have no choice but to take drastic steps. Vive la Revoluti…
News in Brief (May 11, 1987)
Northgate Exploration announced on May 4 that hourly-paid employees at the company’s two Chibougamau, Que. mines have rejected a revised contract offer by the company and that strike action has been i…
Exploration shaft in the works for Joubi property
A shaft-sinking contract, for a 250-m exploration shaft, on its Joubi property near Val d’Or, Que., will be let shortly, Western Quebec Mines reports. A program of six holes totalling 1,242 m was comp…
Production rate goes up at Pioneer’s Puffy Lake
Ore reserves have nearly doubled at Pioneer Metals’ Puffy Lake gold project and with this increase comes an expanded mill throughput to 1,000 tons per day. As a result of a recently completed diamond …
Westar has quarter profit, gears for a tough market
Under constant pressure from Japanese consumers to lower prices and volumes, coal producers like Westar Mining have been forced to control costs to remain competitive. That fact has been reflected in …
Novamin takeover
The takeover offer by Breakwater Resources for Novamin Inc (N.M., April 13/87) will be presented to their respective shareholders for acceptance in early May. Both companies have signed a memorandum o…