Westmin to expand petroleum sector
In terms of capital expenditures, the petroleum division of Westmin Resources (tse)has generally been its largest spender. Not that this should come as any surprise because the division has also tende…
News
Cassiar reaches turning point in ’87 operations
Last year marked a turning point for Cassiar Mining (TSE) which reported net earnings of $3.7 million and announced plans to develop the McDame asbestos deposit near its existing open pit mining opera…
INSIDER TRADES (May 02, 1988)
Barron Hunter Hargrave — J. Hargrave sold 35,000 to hold 4,777,200. Black Hawk — S. Dattels sold 725,000 to hold nil. Canacord — L. McCarthy sold 40,500 to hold 171,200. Canamax — Amax Gold (Can) …
Editor’s Note HALF TRUTHS
I don’t know how often I’ve heard this, but it’s certainly been often enough I and in so many different contexts that for a time I came to consider it only a comfortable cliche — one of those sayings…
More high grade at Newhawk Gold
Several more high grade drill intersections have been reported from Newhawk Gold Mines’ (VSE) Sulphurets property north of Stewart, B.C. Sectional drilling was recently completed on eight new sections…
Euro-Nevada Mining approves placement
The directors of Euro-Nevada Mining (TSE) have approved an $8- million(US) placement of 6 1/2% exchangeable debentures of its wholly- owned subsidiary, Euro-Nevada Mining Corp. Inc. to European invest…
High metal prices boost Rio Algom financial resultsd
After reporting record earnings of $93.1 million in 1987, Rio Algom (TSE) is coming off what can only be described as a banner year. And, with first quarter net earnings of $26.4 million (60 cents per…
Royex, Glen Auden in Peltrie deal
Toronto-based Glen Auden Resources, Golden Dragon Resources and Mineta Resources says they have entered an agreement allowing Royex Gold Mining to earn a 50% interest at the Massicotte and La Peltrie …
Bongard helps Black Cliff buy 38% of own shares
Toronto-based Black Cliff Mines (TSE) and Toronto financier C. S. Bongard have signed an agreement to purchase all the outstanding Black Cliff shares currently held by Canhorn Mining (TSE) and Great H…
50,000 oz gold a year is new Queenston target
A minimum production target of 50,000 oz gold a year has been set by Queenston Gold Mines (TSE), for about the fall of 1990, when the company reaches its 50th birthday, shareholders were told at the c…
Glimmer optimistic at Barnet Twp. bet
Thirteen diamond drill holes at the 132-claim gold property of Glimmer Resources (VSE) in northeastern Ontario have yet to uncover any great tonnage, but there is plenty of area left to explore, share…
Timmins to host 2-day symposium on heap leaching
A technical symposium on heap leaching of gold, with special emphasis on applications in Canada, will be held May 24-26 at the Senator Hotel in Timmins, Ont. Organized by the Resource Technology Centr…