One of the most active investors in the Canadian mining industry is preparing to embark on a period of self analysis. After a $100-million shopping binge in which it picked up minority interests in ni…
Hecla Mining reports earnings of $3.4 million(U.S.), or 12 a share, in the third quarter of 1988, bringing year-to-date earnings to $11.3 million, or 42 a share. This compares to earnings of $9.6 mil…
Two letters concerning your reporting of mineral exploration activities in Nova Scotia (N.M., Oct 24/88) prompted this letter. Having recently moved to Thailand my main source of news about current de…
Additional drill results from Bitech Energy Resources (ASE) continue to confirm the significance of the company’s gold discovery at its Nugget Pond property near Betts Cove, Nfld. Discovered earlier…
Echo Bay Mines (TSE) has agreed to sell its controlling 53.8% interest in Nuinsco Resources (TSE) for $6.7 million or 87 per share. The sale to Deak International Resources follows the completion of …
Anticipating sales of 305,000 oz in 1988, Battle Mountain Gold (TSE) is proving to be one of the more profitable gold producers in North America. Third quarter net income jumped 26% to $15.3 million a…
When a senior takes an interest in a junior, watch out] Toronto-based Corona Corp. has announced it has reached an option agreement with Messeguay Mines whereby it may earn up to a 70% interest in a p…
The dispute between Granges Exploration (TSE) and Abermin Corp. (TSE) (N.M., Sept 5/88) over the Tartan Lake gold mine has taken on a new twist. It could be an ominous one for the almost insolvent Abe…
With the sun retreating from sight almost completely and temperatures plunging to as low as minus 50 C, it’s difficult to imagine a harsher winter setting. But here on the rocky north shore of Baffin …
The Vancouver brokerage community has given a new name to War Eagle Mining which fell out of orbit last week and almost burned up on re-entry. People are now calling it “War Budgie,”a sparrow-sized bi…
With three diamond drills starting up this week, a major grass roots exploration program quietly under way over the past two years by Noranda Exploration on a huge spread of almost virgin ground in no…
Edmonton-based Gamsan Resources (ASE) has raised $317,000 for drilling on its Brabant Lake polymetallic property in Saskatchewan. Gamsan says an initial 1,000-m drill program will be under way soon on…
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