Canamax releases results from 1987
With one new mine in production and four more in the pipeline, Canamax Resources of Toronto is entering its second year as a fully- fledged gold producer. For the year ended Dec 31, the company report…
News
Jerome, Muscocho earmark $8 million for Jerome mine
Joint venture partners Jerome Gold Mines and Muscocho Explorations are making a big push this year to find out if the old Jerome gold mine in northeastern Ontario’s Swayze area can be revived. The for…
COATS Trading Features (February 22, 1988)
Volumes were lacklustre on coats this week, as most issues traded less than 25,000 shares. Black Cliff Mines was firm at 65 cents . The company and partner Essor Ex ploration have completed surface fa…
Toronto Stock Exchange Firming dollar and confidence bolster
Spurred by improved U.S. trade deficit figures and a growing belief that the U.S. dollar has bottomed out, a degree of confidence crept back into the markets this week — albeit on miniscule volume. T…
Cons. Boundary plans more work on B.C. bet
The second stage of an underground exploration program will be carried out this season on Consolidated Boundary and Grand Forks Mines’ Golden Crown property east of Greenwood in southern British Colum…
Skylark to drill Carlin property
A drilling program is being planned by Skylark Resources for the company’s Pan gold property located near Carlin, Nev. The drilling will begin following the completion of a geophysical survey designed…
United Gunn shares Cuisson Lake profits
A 30% equity interest in Cuisson Lake Mines has paid off for United Gunn Resources in 1987. The company’s share of profits from Cuisson Lake’s earnings amounted to $950,000. United Gunn repaid its deb…
Mooseland gold triples, Acadia
As expected, Donald Smith, president of Acadia Mineral Ventures of Toronto has increased the reserve estimate on the company’s Mooseland property in Nova Scotia. Speaking at a meeting of Maritime inve…
Nicholson back with RFC
Armed with a private placement of $4 million, Douglas Nicholson is back in business. The well-known ex-mining analyst and architect of the successful MFC Mining Finance Corp., has started another vers…
Torene-Exxeter
Torene Gold Exploration of Halifax, N.S. has teamed up with coats-listed Exxeter Resources Corp. to explore for gold on three properties in Nevada. The properties include the former-producing Justice …
Northgate takes control of Campbell Resources
Just three months after Northgate Exploration sold its Chibougamau, Que., gold/copper mines to Australia-based Western Mining Corp., the Toronto company has bought itself back into its old stomping gr…
Malartic being transformed, looks for gold acquisitions
Since 1983 Malartic Hygrade Gold Mines (Canada) has taken pride in its record of common stock dividends, putting it among a select group of dividend-paying gold producers. It didn’t have to do much to…