Blackdome earns $2 million
A net income of $2 million or 24 per share has been reported by Blackdome Mining (TSE) for the first nine months of 1988. This compares with $5.1 million or 61 for the same period a year ago. The com…
News
Granges drilling on Giant Gripp
Drilling by Granges Exploration (TSE) on the Giant Gripp base metals deposit in Ontario has yielded one of the best intersections yet from that deposit. A Granges spokesman confirmed that the company …
American Barrick reports 9-month earnings increase
A 33% increase in production from seven gold mines has enabled American Barrick Resources (TSE) to report record third-quarter and 9-month earnings. The Toronto company increased its gold production t…
Obituary (November 21, 1988)
George Goldak, president of Golden Marlin Resources, died suddenly in a recent accident in Saskatoon. He was 51. Born in Prince Albert, Sask., on Dec 12, 1936, Dr Goldak attended the University of Sas…
Hillsborough completes program at Mount Slocomb
An aggressive exploration approach is being taken by Hillsborough Resources (TSE) on its Mount Slocomb property in northern British Columbia. The company recently completed a field program under the d…
Orex updates reserves
A detailed drilling campaign is planned by Orex Exploration (ME) for the Goldboro property in Nova Scotia; Orex is earning a 50% interest in the project from Onitap Resources (TSE). Probable and possi…
Cannon Mine Boosts Breakwater’s Earnings
Forward sales and higher grades of ore processed at the Cannon mine contributed to a substantial increase in net earnings for Breakwater Resources (TSE) for the nine months ended Sept 30. The company …
Silverside, LAC build up tonnage
Encouraging drilling results from the Garrison gold property in northeastern Ontario have been released by Silverside Resources (TSE) and program manager LAC Minerals (TSE). WidthGrade Hole (ft) (o…
Good values found at Globex property
Globex Mining (ME) of Rouyn- Noranda recently announced some significant gold values at its Duquesne West property in Duparquet and Destor twps. in Quebec. While analyzing some old drill core the comp…
Alberta Stock Exchange Scotia Prime a mover
An exploration program undertaken by Golconda Resources at its Morning Glory gold property in Idaho continues to hold the attention of Alberta investors. As news spread that Golconda is mobilizing a d…
Gibraltar strike affects earnings
Normal mining and milling operations remain suspended at Gibraltar Mines’ (TSE) open pit copper mine near Williams Lake, B.C. The Placer Dome (TSE) subsidiary said one of two alternative contract offe…
Mineral economics symposium planned
Senior executives from some of the world’s major companies likely to play a key role in the mining industry of the 1990s will be among the speakers at a mineral economics symposium in Toronto Jan 24-2…