1987 was a profitable year for Gibraltar Mines, its first since metal prices fell in 1980. Earnings rose to $4,251,000 or 35 cents per share on revenues of $73,929,000. This compares with a loss of $…
Calgary-based Catear Resources is aiming for full production late in 1988 at its Gold- wedge property, 35 miles northeast of Stewart, B.C. Work has started on a 120-ton mill. Building construction is …
Dormant for a period of time prior to 1987, Toronto-based New Kelore Mines is getting a new lease on life. Speaking at the annual meeting attended by two registered shareholders, President Stephen Cas…
After a period of low trading activity, investors were back in a buying mood this week. Large blocks of the Jen-Tek Energy and Exploration, Frost Resources and Seadrift International crossed the floor…
Solid financially after recording a profitable year in fiscal 1987, Royex Gold Mining is planning to beef up its exploration side and that of its associated companies. Addressing the topic of explorat…
Assuming the current high rates of growth in this country continue, the federal government will be “within shooting distance” of a balanced budget by the mid-1990s, Finance Minister Michael Wilson tol…
Encouraging assays are reported from the first hole of a 10-hole program on Radcliffe Resources’ North Lake prospect in the La Ronge district of Saskatchewan. The hole had four 6-ft intersections grad…
St Andrew Goldfields is ready to start driving piles to support mill buildings and a surface crusher at its Stock Twp., gold property east of here. All that remains now is a favorable end to current d…
A proposed plan to merge two closed-end flow-through investment funds into an operating mining finance house, is being opposed by CSA Management Ltd. Officers of Equity Preservation Corp. and Equity R…
Valentine Gold Corp. has acquired a gold prospect in Gila Cty., Ariz. The terms of the acquisition include a payment of $20,000 and explora tion expenditures of $125,000 over an 18-month period. Gold …
Getty Resources — Jean-Pierre Januard appointed president and chief executive officer; Phillip de Boos-Smith, Jacques Le Chevalier and Pierre January appointed directors.
Drilling commenced last month at the Sagar property at Madoc, Ont., Faith Mines of Vancouver reports. The drilling will test extensions to two known zones in which gold was earlier identified. In othe…
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