Our Man of the Year
Walking through the Toronto offices of Selco, the minerals division o f BP Canada Inc., one gets a nagging suspicion that many eyes are following you. On closer examination, one’s suspicions are prove…
Articles by Northern Miner Staff
Placer benefits as Australia drops tax plan
The Australian government has decided not to proceed with proposals to tax the profits of the country’s gold mines or levy a compensatory tax on dividends distributed by Australian companies. The gove…
Gunsteel aims for 100 tpd at its B.C. gold project
Despite its name the Nugget Vein at Gunsteel Resources’ gold property seven miles southeast of here contains little or no visible gold. So it’s safe to assume the vein was named by someone who thought…
St. George seeks private placement to start gold mine
St. George Minerals says a private placement is being arranged to bring the company’s Fisher gold project into production in 1987. The property is 1.5 miles northeast of its Dean mine property in Neva…
Moneta completes flow-through offer
A first closing on a flow-through share offering by Moneta Porcupine Mines will raise $1 million for the company. The funds will finance exploration on several properties held by the company. In Micha…
News In Brief (December 29, 1986)
Wharf Resources plans a financing in January by offering units to th e public, each unit to consist of exchangeable preferred shares and common share purchase warrants.
Vancouver Stock Exchange Settlement date unsettling
There might be a little “Christmas Cheer” on the floor of the Vancou ver Stock Exchange but it’s not because the market is all that positive. Despite the pressure of Christmas shopping, investors stil…
Bullmoose gold helps Terra Mines move into black
Terra Mines reports a “substantial improvement in financial results,” due in part to the elimination of operating expenses at the company’s silver properties and income from its Bullmoose gold project…
Maufort drilling (December 29, 1986)
The first phase of drilling by Resources Maufort on the Siscoe Extension property near Val d’Or, Que., has confirmed the presence of two distinct gold-bearing hirizons and a major fault zone, the comp…
Teck seen recession-proof with cash flow, profit report
The true measure of an individual is best determined under fire, an analogy that is probably more applicable to Teck Corp. than any other Canadian mining company. No matter how hard you look, you simp…
Big Comstock block goes to new group
Control of Comstock Keno Mines is expected to pass to a financial co mpany by year-end. Stamford Bridge Capital Corp. plans to acquire a 28.5% interest in the inactive mining company. The acquisition …
First-phase work is completed on Golden Triangle bet
A first-phase exploration program has been completed on the Lac Storm property in northern Quebec which is the subject of a joint venture agreement between Golden Triangle Mining Exploration and Sever…