Montreal Exchange Louvem mine partner
Continuing to pop up in the news is Louvem Mines, the Val d’Or area gold producer which has been expanding its Chimo mine operation. The latest development involving the company has major Quebec gold …
News
SUSTAINING MORALE
“Hi John, how are ya?” “Mornin’ “HJim, how ya doin’ b’y?” At the Brunswick mine site, people greet each other by their first names. The impression one gets is that these workers have known each other …
Nord profits increase
Nord Resources realized an 18.6% increase in earnings last year with a profit of $15.7 million(US). Last year the gold and industrial minerals producer earned $13.2 million. The increase in earnings i…
Aylmer listed on ME
Recently listed for trading on the Montreal Exchange were the common shares of Aylmer Mines (symbol AML) of Aylmer, Que. President of the junior mining company, which can trace its origins back to 196…
Falconbridge Gold profit
Earnings of $846,000 were realized by Falconbridge Gold (TSE) on revenues of $30.7 million in 1988. The company sold 57,518 oz of gold during the period. During the year, the company spent $5.1 millio…
Fraud charges force resignation
Eric Laing has resigned as a director of five companies comprising the Applegath Group. Laing gave up his directorships in Golden Pond Resources (VSE), Alotta Resources (VSE), Tundra Gold Mines (VSE),…
Earnings Report (March 27, 1989)
ABM Gold Corp. (TSE) reports for the year ended Dec 31 a net loss of $22.9 million(US) or $1.72 per share on revenue of $6.8 million. For the same period a year earlier the company reported a net loss…
Mimiska gold showing
A new gold showing has been announced by Mimiska Mining (ME) at its Fern Elizabeth property at Atikokan, Ont., 120 miles west of Thunder Bay. A drill hole cut 0.21 oz gold per ton over 29 ft at a dept…
Goldhunter, Caviar drill results
Drilling completed by Goldhunter Explorations (ASE), Pinetree Explorations (COATS) and Caviar Resources (COATS) has intersected high grading gold values on their Wright Lake property west of Pickle La…
Ateba problems
Ateba Mines (TSE) has opted to discontinue its participation in the Magnet mine project with joint venture partner Roxmark Mines (TSE). Located near Geraldton, Ont., the Magnet mine was a former gold …
Atlantic Report Low recoveries cause layoffs at Coxheath
Coxheath Gold Holdings (TSE) of Bedford, N.S., has laid off more than half its staff at its Tangier gold mine in Halifax Cty. Sixty-three workers have been let go from Nova Scotia’s most advanced mini…
Troymin reports property results (March 27, 1989)
Calgary-based Troymin Resources (ASE) reports no significant economic values were obtained from winter drill programs on its Berven Lake and Severson Lake properties in northern Saskatchewan’s La Rong…