Deak Resources joining metal producer ranks
Spearheaded by mining executive Malcolm Slack, Deak Resources (TSE) has been organizing and assembling gold and base metal properties in the Rouyn-Noranda, Que., and Virginiatown, Ont., areas with the…
News
Gibraltar earnings highest since 1980
Earnings for Vancouver-based Gibraltar Mines (TSE) were the company’s best in nine years. Nine-month results for the period ended Sept 30 reached $19 million, or $1.58 per share, compared with net ear…
Water spill poses no danger: Cameco
A spill of about 2,000 cubic metres of mine water occurred recently at the Rabbit Lake uranium mine of Cameco in northern Saskatchewan. The company reports water sampling has indicated the spill poses…
Agnico, Dumagami merger plan given nod by directors
Directors of Toronto-based affiliates Agnico-Eagle Mines (TSE) and Dumagami Mines (TSE) have given approval to the terms of a proposed merger of the two companies. Pending approval of Dumagami shareho…
Managing Canada’s Mines Mining a truly creative activity’ says
“Mining is one of man’s truly creative activities,” says Erik Andersen, recently appointed manager of Muscocho Explorations’ Magnacon gold mine in Ontario’s Mishibishu area. “It combines 0000,0506 his…
Inco Gold opens office in Val d’Or, Quebec
Inco Ltd. has opened a regional exploration office in Val d’Or, Que., to co-ordinate its exploration activities in the province. This new office, headed by Robert Lambert, is an integral part of the r…
Alban acquires large acreage in Carlin
Two groups of mineral properties totalling about 500 acres were recently acquired by Alban Explorations (VSE) in the Carlin Trend of Nevada. The purchase price was a total of 300,000 Alban shares and …
FINANCING (November 20, 1989)
VANCOUVER Bellex Mining — gross proceeds rec $235,000. Dessir Res — 600,000 sold for gross $228,000. Goldcliff Res Corp — gross proceeds rec $240,000. Reg Res Corp — gross proceeds rec $146,946.60…
St. Genevieve income
Montreal based St. Genevieve Resources (TSE) reported a 9-month net income of about $1.3 million (3 cents per share), compared to a loss of $2.9 million (20 cents per share) for the same period in 1…
Mine feed only for Magnacon mill
The Magnacon mine near Wawa, Ont., produced about 3,300 oz gold in October, Windarra Minerals (TSE) reports. Mill throughput during the month averaged 473 tons per day at an average head grade of 0.25…
Montreal Exchange Aur holds centre stage
The recent massive sulphide copper-zinc discovery in Louvicourt Twp. near Val d’Or, Que., continues to spark investor interest. The latest drill-hole results, however, did not send prices of either Au…
Wilanour sampling
The initial underground exploration phase on the former producing Cochenour-Willans gold mine property has been completed by Inco Gold. The company, a wholly owned affiliate of Inco Ltd. (TSE), plans …