The mineral deposits division of the Geological Association of Canada presented its two top awards during the association’s annual meeting held here during May. Gilles Allard, professor of geology at …
Chelsea Resources (VSE) has completed negotiations for a private placement of 2.5 million common shares priced at 50 cents per share. Lufer Corp., a company controlled by a Chelsea director, will pur…
Options Open Series Volume Last Interest Aug 380 C * 576 5.50 513 Aug 390 C * 543 4.00 1,434 Aug 400 C * 362 2.30 2,574 Nov …
M. A. Hanna Co. (NYSE) saw its profit increase by 24% to $13.8 million(US) in the first quarter of this year from $11.1 million during the same period last year. Net income from operations was 54 cent…
Gold sales were up substantially for Newmont Gold Company (NYSE) in the first quarter of 1989 as the company stepped up the pace of production to offset declining gold prices. During the period, the c…
The winter exploration program has been completed at the Eskay Creek project of Calpine Resources (VSE) and Consolidated Stikine Silver (VSE) in northern British Columbia. But a $7-million follow-up p…
Earnings per share for Rio Tinto Zinc Corp. (RTZ) — the world’s largest and second most profitable mining company — are expected to grow 13% this year, according to broker Shearson Lehman Hutton Sec…
U.S. gold producer Galactic Resources (TSE) has restated its 1988 consolidated financial statements in order to incorporate a more conservative accounting of cash and properties acquired last summer f…
A feasibility study completed by Australian company Boulder Gold N.L. for the Mountain View chromite property, suggests the project could become the first ferrochrome producer in the U.S. Located in …
First quarter gold production rose by 12% for Echo Bay Mines (TSE) thanks largely to a major expansion program under way at the company’s McCoy/Cove mine in Nevada. Echo Bay’s total quarterly gold pro…
The chairman of Belmoral Mines (TSE) is the first to admit 1988 was not a memorable year for his company. Kenneth Dalton, addressing shareholders at the annual meeting, said, “most of our projects hav…
Timmins-based Ventex Energy Ltd. (VSE) has acquired the right to earn a 25% interest in 247 claims in the Lac St. Jean area of Quebec. The vendor, 133872 Canada Inc., is a private company controlled b…
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