News



Golden Rose Mine Creates Loss for Noramco Mining

Beleaguered shareholders of Noramco Mining Corp. (TSE) won’t find much comfort in the company’s latest financial results which show a loss of $7.92 million (49 per share) for the first six months of …


Work resumes at Gowganda bet

Work on the Gowganda, Ont., silver property to complete an exploration program started in 1987 has been started by Sandy K. Mines, a private company owned by NLX Resources (TSE). This year’s program w…


American Barrick reports 31% jump in net earnings

The 31% increase in net earnings for American Barrick Resources (TSE) in the first nine months “reflects strong growth in production, a substantial increase in operating income and a higher averaged r…


Wye Resources drilling yields positive results

COATS-listed Wye Resources has reported positive drill results from the Saganaga property located near Kashabowie, 140 km west of Thunder Bay, Ont. The 43-claim property is under option from Curran Ba…


Augmitto option

Augmitto Explorations (TSE) has acquired an option to earn a 51% interest in the Bazooka property, adjacent to the western boundary of Augmitto’s gold property near Rouyn, Que. Under the terms of the …


Ketza ore reserve mishap puts PTO near bankruptcy

A serious ore reserve miscalculation at the Ketza River gold mine near Ross River, N.W.T., has put Pacific Trans-Ocean Resources (TSE) in a financial quandary. A joint venture partner with Canamax Res…


Metal Prices (November 21, 1988)

FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Nov 15 Nov 14 Nov 11 Nov 10 Nov 9 Copper 1700-1705 …


Finor drill results

Confirmation of gold mineralization on Courville Twp. property located about 20 miles northeast of Val d’Or, Que., has been reported by Finor Exploration (ME). Finor, optioning the property from Parqu…


Franco-Nevada has improved quarter despite setbacks

Despite some market-oriented setbacks, the financial health of Toronto-based Franco-Nevada Mining (TSE) improved markedly during the second quarter of 1988. Franco-Nevada, which holds a royalty intere…


Inco shareholders to vote Dec 9 on recapitalization

The fate of a proposed recapitalization plan for Inco Ltd. (TSE) will be decided Dec 9 at a special meeting of shareholders. The $1-billion(US) recapitalization involves the payment of a special cash …


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