BGR’s asset value up 33% in 1 year
BGR Precious Metals says its net asset value on Oct 31, 1986, was $11.81, a 33% increase from a year earlier and a 19% increase from three months earlier. On Oct 31 there were 6,156,968 Class A shares…
Articles by Northern Miner Staff
Financing vehicle opens door at end of flow-through tunnel
There can be little doubt that flow-through financing has facilitated the discovery of several significant gold deposits in Canada. But when a company, particularly a small operator, decides to mine o…
Editorial we’re old but new
The Northern Miner, now moving into its 72nd year of publication, is a venerable institution, but not an old one. It is not old, that is, in its outlook and attitudes. It is for instance keeping up wi…
COATS Trading Features (January 12, 1987)
Issues on the COATS over-the- counter system were generally listless, with many trading downward. Matt Berry Mines gave up some ground to 35 cents -40 cents . The company, which controls a gold proper…
People (January 12, 1987)
MIDLAND ENERGY CORP. — David A. Hutton appointed to the board of directors.
Lac’s second Bousquet mine More tons, better grade
An initial ore reserve figure of 7.8 million tons grading an average of 0.187 oz gold per ton has been established by Lac Minerals from a new zone near the eastern boundary of its Bousquet property in…
Eldorado burdened by large debt load
Excessive debt is being cited once again as the reason behind losses at Eldorado Nuclear Ltd. The big uranium miner and nuclear fuels manufacturer reported a loss of $12.7 million on revenues of $69.7…
Second drill due on Julbey gold bet
Jilbey Industries says diamond drilling and other work, including an IP survey, is under way on its 16-claim property in Duverny Twp. near Amos, Que., with Bay Resources and Services as operator. Jilb…
Sunrise acquires claims at Pickle Lk. and near Seabright
Sunrise Metals has acquired a block of mineral leases, subject to a 3% royalty and cash option payments, adjacent to Seabright Resources’ Beaverdam gold discovery in Nova Scotia. Sunrise has also acqu…
Tundra raises $2.6 million for underground work at Lamaque
Tundra Gold Mines has reached an agreement with NIM and Co. Limited Partnership — 1987 which will provide Tundra with $2.6 million. The cash will be provided on a flow-through share basis. Tundra wil…
Auction of shares set for Montreal
An auction of collectible stock certificates will be held on Feb 18 in Montreal. Organized by Micheline Masse, president of Stock Market Information Service, the auction will include many old and valu…
Investors break records with vengence on the TSE
Records were broken with a vengeance on the Toronto Stock Exchange with investors trading a greater dollar value and a greater volume of shares in 1986 than ever before. Dollar value traded rose to $6…