Goldcorp value (September 15, 1986)
The net asset value per class A share of Goldcorp Investments as of the close of business Thursday, Sept 4 amounted to $10.32 . The closing market price on the Toronto Stock Exchange for that day was …
Articles by Northern Miner Staff
Obituary Leslie Hermiston
Leslie (Les) Hermiston, a prospector who like many others cut his teeth on silver during the heyday of Ontario’s Cobalt camp, has died at the age of 85. Mr Hermiston, a native of Cobalt, died at the h…
Newmont/G. Briar share drilling costs
Costs of a diamond drilling program near common boundaries between claims held by Newmont Exploration of Canada and Golden Briar Mines will be shared equally, the latter company says. The properties, …
Pancana profit slips
Pancana Minerals reports net earnings of $1,146,000, (24 cents a share after allowing for preferred share dividends) in the 6-month period ended June 30, compared with earnings of $2,008,000 or 50 cen…
Major exploration starts at Terramar’s Reid mine
Now that a prolonged fight with its Reid mine partners is over, Ter ramar Resource Corp. has commenced a major exploration program at the mine which will include dewatering the 800-ft level. The main …
MAPAO reports: Accidents are down but fatalities unacceptable
On the whole, Ontario’s mines are safer now than they’ve ever been, according to statistics published by the Mines Accident Prevention Association Ontario (MAPAO). Injuries resulting in lost time for …
U.S. automakers use more zinc in fight against rust
The use of zinc-coated steel in the typical U.S.-produced automobile rose 23.2% during the 1986 model year, according to the New York based Zinc Institute. That’s the largest annual per- vehicle incre…
Back above $400 Gold’s glint catches public’s eye
The day gold surged past the $400(US)-mark last week was the day a Toronto stockbroker placed an ad in a financial newspaper for a seminar on “how to profit from the recent gold price moves.” It was a…
Record output for Galactic
Galactic Resources reports record monthly production in August from the Summitville gold mine in Colorado. Chairman Robert Friedland says in that month the mine produced over 9,000 oz, bringing total …
Decline gets green light at Newhawk B.C. bet
Formal approval has been received by Newhawk Gold Mines for an underground decline at its Sulphurets property in northwestern B.C. As expected, Lacana Mining has agreed to fund its share of the projec…
Sparton seeks funds
A prospectus filing is being made in Quebec, New Brunswick and Nova Scotia which, if completed, will net Sparton Resources up to $1.3 million for ongoing exploration programs. The bulk of the financin…
Toronto Stock Exchange Golds surge ahead on rising bullion price
Wednesday close, Sept. 3 With gold bursting through the $400(US)-an-oz level on commodity markets this week, gold shares have likewise surged ahead. After a spectacular advance of 206.97 pts yesterday…