News

A net income of $l,896,478 (54 cents per share) was reported by Malartic Hygrade for 1986 compared with $1,892,747 (54 cents per share) for a year earlier. Cash flow from operations in 1986 was highe…

A 14-hole diamond drilling program will be carried out this year on the formerly-producing gold property of Consolidated Thompson-Lundmark Gold Mines at Thompson Lake, N.W.T. The work will be done by …

Not too long ago in this space, we noted the primitive methods of mining gold in a huge open pit in Brazil — where literally thousands of people swarmed in and out of the pit carrying sacks full of o…

Junior gold issues bounced back with strengthening gold prices. One of the best gainers continued to be Monte Carlo Resources which added another 85 cents to $2.80 — that’s up $1.80 in three weeks. …

Industrial minerals, say Dr Richard Potter, in charge of mineral resources promotion in the province’s department of mines and energy, and John Fowler, senior industrial minerals geologist with the de…

There’s no denying that Vestgron Mines has had its share of ups and downs over the past year, but now that this Toronto-listed company has been acquired by a private Halifax-based investment company, …

Despite record minerals, oil and natural gas production, Westmin Resources earnings in 1986 slid to a net of $8,648,000, on revenues of $189,563,000, compared with earnings of $30,452,000 on revenues …

Investors are taking a hard look at secondary markets because blue chip gold stocks on the tse and elsewhere are getting a bit expensive. As a result Vancouver has turned extremely bullish and its mar…

Queenstake Resources is raising up to $600,000 for exploration of its B.C. and Yukon precious metal properties, the company reports. The funds, resulting from a financing agreement with NIM and Co. Lt…

Power Explorations intends to conduct additional exploration on ground held by Jaeger Resources in the Opapimiskan Lake area of northwestern Ontario. The 99- claim property is shared equally by the tw…

Project financing has been secured by Pioneer Metals for its Puffy Lake gold mine, 45 miles northeast of Flin Flon, Man. Debt- free, and with $4 million in working capital (excluding the financing), P…

A series of shallow drill holes have been completed by Lacana Mining Corp. on the California Lake project, south of Bathurst, N.B. Partners include American Ore, Sparton Resources and Lynx-Canada Expl…