Eldor Resources has optioned a part of its interest in a 28-claim property north of Larder Lake, Ont., to Rockford Minerals. Rockford, which is planning to go public in April, has the right to earn a …
Reactivated under well-known mining engineer Peter Howe, Alberta-listed Ateba Mines is making its mark in the Beardmore camp of Ontario, having optioned or acquired in that camp about 20 km of contigu…
MFC Mining Finance Corp. recorded a net income of $3,554,230 (29 cents per share) from revenues of $24,635,111 for 1986. Consolidated cash flow from operations amounted to $11,791,735 (96 cents per s…
Two agreements to finance exploration programs for 1987 have been signed by Cambior Inc. The first contract is with CMP 1987 (Quebec) Resource Partnership and Co. Ltd., for the financing of exploratio…
Geochemical sampling has been completed on Lakeshore Minerals’ property in Maricopa Cty., Ariz. The work has identified several zones of anomalous gold values associated with arsenic and antimony. Du…
Steep Rock Resources has written off its $648,208 investment in the Lake St. Joseph iron ore property. The property is near Atikokan, Ont. As a result, the company realized a loss of $188,205 for 1986…
Somewhat ironically, Pine Point Mines reports that in 1986 the company had unaudited net earnings of $2 million, compared with a net loss from operations in the previous year of $2.2 million, before w…
Exactly when Serem Inc. will make a production decision on its Lawyers property is still uncertain. What is known, however, is the fact the company must decide by March 31 in order to qualify for gove…
Goldenbell Resources Inc. says under a private placement arrangement Sonora Gold Corp. will purchase 9,259,000 shares of Goldenbell at $2.70(US) per share. Goldenbell says the deal is contingent on co…
An international conference on Gold — Geology, Feasibility, Mining and Extraction will take place Nov 23-25 in Vancover, B.C. The conference will have sessions on geology and exploration, feasibility…
Mineral Resources International reports net income of $4.5 million or 30 cents a share, for the nine months ended Dec 31, compared with a loss of $700,000, or 5 cents a share at the end of 1985. The…
The action wasn’t all resource companies, but mines and minerals shares had a significant, and favorable, impact on trading on the Montreal Exchange this past week. One of the most actively traded iss…
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