Lac Minerals, through its wholly owned U.S. subsidiary Lac Minerals (USA), has made a $19-million (US) investment in a zinc mine and several base and precious metals exploration properties in Chile. T…
After a 40% production increase and a 30% hike in the price of gold, Breakwater Resources has broken out the black ink to record its financial results for the first nine months of 1987. Vancouver-base…
Mining executive J. Malcolm Slack isn’t running Belmoral Mines any more, but he’s not out of mining. The son and grandson of gold miners has other projects on the go, and has developed another interes…
Preliminary exploration of the Horwood Twp. gold property in northern Ontario by Pelangio- Larder Mines has been completed as part of an earn-in agreement with Bayridge Developments, Pelangio reports….
Higher gold prices combined with increased production from its Gold Quarry mine in the Carlin gold belt of Nevada, to give Newmont Gold Co. a third quarter earnings boost. Newmont says 1987 third quar…
Alberta-listed Anglo Porcupine Gold Mines has entered into a joint venture agreement with Noranda Exploration. Anglo can earn a 45% interest in the 46-claim Horwood property near Timmins, Ont. by spen…
Record gold production was realized by Whim Creek Consolidated from mining operations in Australia. For the nine-month period ended Sept. 30, the company produced 30,193 oz of gold. For the third quar…
Drill-indicated and inferred reserves stand at 400,000 tons at the silver-lead-zinc-gold Silverknife prospect at the Liard mining division in British Columbia, Reg Resources reports. Forty-nine holes …
Results from a deep drill hole at American Barrick Resources’ Goldstrike mine near Elko, Nev., seem to indicate that the Toronto-based company could be on the verge of another major discovery. As repo…
Newly-created Cominco Resources International is making good progress towards its objective of becoming an international mining company. Created in May, 1987 by parent company Cominco Ltd., which hold…
The gold-bearing structure on the Mooseland property, 75 miles northeast of Halifax, N.S. has been extended and the potential for extending it even further is still very great. Drilling by Toronto-lis…
Although the situation has improved this year, British Columbia recorded its fifth consecutive year of losses in 1986, a Price Waterhouse report concludes. The survey of 30 separate mining companies, …
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