Teeshin, MacDonald plan to amalgamate
An agreement in principle has been reached between Teeshin Resources (VSE) and MacDonald Mines Exploration (COATS) regarding a proposed amalgamation of the two companies. The directors of both firms h…
News
Rambler joint venture busy on several fronts
A major exploration program at the Rambler joint venture property on Newfoundland’s Baie Verte Peninsula is nearly 75% complete, report partners Petromet Resources (TSE) and Newfoundland Exploration (…
Short-term outlook bullish for pricy zinc
Look for high prices for zinc to hold up at least for a while longer, say a couple of analysts. Raymond Goldie of the investment firm Richardson Greenshields says the short-term outlook for zinc, whic…
Sonora bets on turnaround at Jamestown gold project
Even though Sonora Gold Corp. (TSE) recently announced a $50.6- million write-down in the carrying value of its Jamestown gold mine in California, the company remains optimistic about the future of th…
Inco Gold wants production growth
Inco Gold, a unit of the giant Sudbury nickel miner Inco Ltd., (TSE) has its sights set on becoming a major player in the world’s gold fields. Established in 1987 as an unincorporated business unit, t…
CoCa Mines reports decline in earnings
Earnings of $184,500(US) or 2 cents per share were realized by CoCa Mines Inc. (NASDAQ) from revenues of $13.58 million for the year ended Dec 31. The Denver-based company reported net income of $2.23…
Battle Mountain buys offshore gold reserves
As part of an aggressive exploration and acquisition foray into the international arena, Battle Mountain Gold (TSE) has acquired a stake in two separate gold mining ventures which it expects will prov…
Cambior offers to purchase half of Louvem gold mine
Small Quebec gold producer Louvem Mines (TSE) has received an offer to sell a half interest in its Chimo mine near Val d’Or, Que. Cambior Inc. (TSE) has entered into an agreement-in-principle to buy a…
Editorial Government help
Government — seems you can’t live with it and you can’t live without it. A couple of cases of government involvement — or lack of it — have come to mind recently warranting a pat on the back to th…
Cameco earns $52 million
Cameco — A Canadian Mining and Energy Corp. realized earnings of $52.8 million on sales of $236.5 million in 1988. The company, which was formed from the merger of Eldorado Nuclear and the Saskatchew…
Kingswood options Mid-North prospect
An option to acquire a 55% interest in the Bourlamaque property of Mid-Canada Gold and Copper Mines (ME) in northwestern Quebec has been acquired by Kingswood Explorations 1985 Ltd. (ASE). Kingswood m…
Ontario’s gold miners hardest hit by MISA
The toughest environmental legislation on the continent is said to be in California. But Ontario’s Environment Minister, James Bradley acts as if he is trying to better the Golden State. Ontario’s Mun…