Tonto tackles Goldstream improvements
The Goldstream mine, jointly owned by Bethlehem Resources (TSE) and Goldnev Resources (VSE), is located on the Goldstream River, a 69-mile drive up the Columbia River Valley from railhead at Revelstok…
News
FINANCING (July 22, 1991)
Southern Alberta Mining Company Ltd. — 2,000,000 shs offered @ 10 cents per sh. Tecnecon Gold Industries Inc. — 1,600,000 shs offered @ 10 cents per sh. Bradsue Resources Ltd. — 600,000 units consi…
U.S. REPORT NEWS IN BRIEF Horizon Gold reports loss
A net loss of US$4.1 million or 14 cents per share was reported by Horizon Gold (NASDAQ) for its fiscal year ended March 31, compared with a loss of US$3.9 million for the previous year. This year’s l…
LETTERS TO THE EDITOR Miners need new finds, not task force
Your editorial “Attracting mining’s future leaders” (T.N.M. July 8/91) supports a government-industry program to assess the mining industry’s human resources requirements. Wait a minute. Who’s paying …
Mixed drill results from Spectrum
Mixed assay results were released by Eurus Resource (VSE) and partner Columbia Gold Mines (VSE) from ongoing drilling on the Spectrum property in northwestern British Columbia. Eurus is funding the cu…
U.S. REPORT NEWS IN BRIEF Golden Sitka to sell Chichagof mine
Based on a recent letter of intent agreement, a private Alaskan company was granted an exclusive option to buy the Chichagof property and associated mining inventory from current owner, Golden Sitka R…
Gold mines’ `hidden’ costs edging higher
If it weren’t for forward sales, more than half of North America’s top gold producers would have reported pretax losses in the first quarter, says a recent report by Yorkton Natural Resources. North A…
Aur intersects stringer zone on Jonpol’s Dalquier claims
Aur Resources (TSE) recently intersected a broad zone of stringer copper mineralization while drilling for extensions of known zones, on Jonpol Explorations’ (TSE) Dalquier Twp. claims, five kilometre…
Placer Dome options claims near Kerr copper-gold deposit
Associated companies Kenrich Mining (VSE) and Ambergate Explorations (VSE) recently completed an option agreement allowing Placer Dome (TSE) to earn interests in various claims near the Kerr deposit n…
Drilling program completed on David/Lew property
Partners Dragoon Resources (VSE) and Greenstone Resources (TSE) recently completed a 4-hole drill program on the David Lew gold project in southwestern British Columbia. The best hole returned 0.11 oz…
OBITUARY Walter Waterston
A news man who devoted his entire life to that profession, including a 10-year stint with The Northern Miner, Walter (Walt) Waterston died recently at his home in Unionville, Ont., where he had lived …
Costs for Canadian Producers COSTS EDGING UP TABLE
Company Cash Costs Total Costs Gold Price Pretax (incl deprec) Received Earnings Margin (US$/oz.) (US$/oz.) (US$/oz.) (US$/oz.) Hemlo Gold 144 248 390 + 142 Corona 215 330 385 + 55 Placer Dome 251 333…