Camindex seeks extra funding
Additional funding is being sought by Camindex Mines for the Valdez Creek Mine gold project in Alaska, in which Camindex has a 51% interest. The company reports it is in arrears with respect to its fu…
News
Cdn mining not in hopeless state
Mining is a great Canadian success story and is, to a significant extent, responsible for the high standard of living enjoyed by Canadians. It hardly behooves me to tell experts in the mining industry…
Noranda Expl. concludes option with Beaver
Even major companies like Noranda are starting to recognize the profit potential in small U.S.-based heap leach producers. Noranda Exploration recently concluded an option agreement with Beaver Resour…
Getty to spend $10m. on 1987 exploration
With some excellent gold properties and a working capital of approximately $8.9 million, Getty Resources should be a key player on the Canadian exploration front this year. The company went public las…
Potash of America takes $3.9m. loss
A 1986 net loss of $3.9 million, or 64 cents a share, is reported by Potash Co. of America, compared with restated net earnings, before extraordinary charge, of $3.4 million, or 4 cents a share, in t…
Brohm to develop South Dakota bet
With a working capital of $4.3 million, Brohm Resources says it is in an excellent financial position to develop its Gilt Edge project in South Dakota. The company recently completed a private placeme…
Production hits records but Westmin profit off
Despite record minerals, oil and natural gas production, Westmin Resources earnings in 1986 slid to a net of $8,648,000, on revenues of $189,563,000, compared with earnings of $30,452,000 on revenues …
Marker earmarking $2m. for exploration
Marker Resources says the First Exploration Fund 1987 has committed $1 million for Marker’s exploration programs this year, and a further $1 million for the 1988 program. Marker plans a drill program …
Canada’s Top Prospector
Like any lifelong prospector, John Larche has his share of stories to tell. Like the time he stepped out of his airplane onto a frozen lake, only to break through the ice. Hanging on for his life to …
50 YEARS AGO –MARCH, 1937– YELLOWKNIFE GOLD RESULTS
An official of Yellowknife Gold Mines advises The Northern Miner that results of channel-sampling, recently received, indicate a favorable zone on the Giant group of claims in the Yellowknife River ar…
ON THE MOVE Fagersta Secoroc
Fagersta Secoroc recently appointed Lorne Hunter as branch and area manager for its Sudbury warehouse and related area. Succeeding Larry Kotila, who has retired, Hunter will retain responsibility for …
EDITOR’S NOTE High Stakes
It may not be the safest investment, but more money is going into the ground this year in Canada than ever before as investors look for a return in the form of new-found mineral wealth. The odds, as a…