Glen Auden to buy Ventex En. shares
A joint venture agreement involving Glen Auden Resources (TSE) and Ventex Energy (VSE) has been approved by the Toronto Stock Exchange, Glen Auden said recently. Under an agreement, Glen Auden can ear…
News
Rich Zinc Assays from El Mochito Mine
With daily production at the El Mochito mine in Honduras now averaging 2,000 tons per day, American Pacific Mining (VSE) is well into an underground exploration program to add reserves to this base me…
Weakening dollar affects Denison
Low oil prices and a weakening U.S. dollar adversely affected Denison Mines’ (TSE) second-quarter earnings, the company said recently. They combined to offset higher potash prices and production gains…
PDAC challenging federal grant incentive plan
The Prospectors and Developers Association of Canada (PDAC) has expressed concern about the federal government’s new grant incentive program for mineral exploration on a number of issues. The program,…
Copper producing subsidiary boosts Rio Algom earnings
Increased net earnings reported by 68.8% owned subsidiary Lornex Mining Corp. (VSE) were among the factors which contributed to a profitable first half for Toronto based Rio Algom (TSE), the company a…
Cambior names mine in honor of Sullivan founder
Life has been breathed into another of this bustling mining town’s former producing gold mines. With more than 100 guests on hand, Louis Gignac, president of Cambior Inc (TSE), officially opened the E…
Editorial A brush with the law
Should it come as a surprise that criminal charges against prospector Donald McKinnon have been dropped? He had been charged in connection with the disappearance of some files from the mining recorder…
Shannon finances Tatsamenie program
Alberta-based Shannon Energy (ASE) has raised $700,000 through a number of flow-through share issues to finance exploration at the Tatsamenie property in northwestern British Columbia, the company sai…
News in Brief (August 15, 1988)
Mono Gold Mines has announced that it has entered into a private placement and flow-through agreement with NIM Resources whereby the partnership has agreed to purchase flow-through shares having an ag…
Magma Copper profit is up
Magma Copper reports net income of $11.7 million(US) or $0.31 per common share on revenue of $136.2 million during the second quarter of 1988 compared with $7.5 million, which contained a pension sett…
Gold STandard in finance deal
Utah-based Gold Standard Inc. which is challenging American Barrick Resources’ (TSE) right to own the Mercur gold mine has announced a $2.25-million financing agreement with FCMI Financial Corp. of To…
Editorial Keeping the lid of Tech Transfer
Here’s a curious piece of information. U.S. mining men, it seems, are more fired up about technology transfer than are Canadian miners. Six months ago two international mining journals, published in…