Westar income slashed by higher costs
Higher costs associated with its forest products division have slashed earnings for Westar Group, the controlling shareholder of Westar Mining (TSE). Westar reported first-quarter net earnings of $0.4…
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Golden Rule has 22% stake in Waddy Lake
GR Capital Corp., a subsidiary of Golden Rule Resources (TSE), says it will not be acquiring more shares of Waddy Lake Resources (TSE), except in compliance with all legal and regulatory requirements….
Thunderwood plans bulk sample on Pelletier Lake gold deposit
Favorable winter drill results from the Pelletier Lake gold deposit, two miles south of Rouyn-Noranda, Que., have given operator Thunderwood Resources (TSE) the confidence it needs to plan an undergro…
Hemlo boosts output by 16$% further improvements in store
Despite weaker metal prices, gold production from Hemlo Gold’s (TSE) Golden Giant mine continues to place the company in an enviable financial position. Due to a sharp increase in production, Hemlo Go…
Vancouver Stock Exchange Akiko-Lori shares bounce back
With gold and major markets in the doldrums, the Vancouver Stock Exchange was no different as the composite index tracked sideways at the 750-level for the week ended May 1. The index was off marginal…
Silverside seeks turnaround
A new management team at Silverside Resources (TSE) is hoping to turn the junior around by focusing its growth on the national and international scenes. “Our first target is the Garrison project in no…
Montreal Exchange Drill holes disappoint
A languishing gold price and the threat of further economic slowdown are having a definite effect on the ME, where relatively light trading volumes continue. For the week ended May 1, daily volumes ra…
Giant Yellowknife cuts cost of gold production during ’89
The gold output of Giant Yellowknife Mines (TSE) in 1990 is expected to be similar to 1989 but should be produced at a considerably lower cost, President Adrian Fleming said at the annual meeting. The…
U.S. Report Pegasus income down as gold output rises
Despite higher gold production from six mines in the western U.S., Pegasus Gold’s (TSE) first-quarter earnings and revenues were down from last year’s levels. Pegasus Gold reported net income of $621,…
Gulf rejects Audrey bid for Asamera Min.
The gap between the valuation placed by Audrey Resources (TSE) and Asamera Minerals’ (TSE) parent Gulf Canada Resources on Asamera’s Canadian and U.S. mineral assets is apparently too wide. Audrey Pre…
Echo Bay won’t increase its stake in Magino, Magnacon
Large North American gold producer Echo Bay Mines (TSE) has decided not to proceed with a plan to exchange its shares in the Muscocho group of companies for a direct interest in the group’s struggling…
Freewest in position to fund Noranda bet
A flow-through financing agreement with CMP 1990 Resources and Co. has put Freewest Resources (ME) in a position to fund its share of a 100,000-ft. drill program at its 40% owned Harker Holloway gold …