Brenda soars into the black
High tonnage with good grades and recoveries and low operating costs helped Brenda Mines to fourth quarter 1986 earnings of $4.5 million, or 97 cents a share, compared to a loss of $1,005,000, or 22 …
News
Belmoral turns profit in 1986
A profit of $1,378,000 (5.5 cents per share) for 1986 was recorded by Belmoral Mines compared to a loss of $7,081,000 (71 cents per share) in 1985. Revenue for the year was $27,152,000 on sales of 52…
B.C. mining task force warns of a bleak future
Established last year at the request of the British Columbia government, The Mineral Industry Task Force has concluded that the province “might not have a significant mining industry by 1996.” Its fin…
EXPLORATION ’87 FINNETH
FinNeth Exploration is engaged in a number of drilling programs on promising gold and base metal targets in the Abitibi and Eastern Twp. areas of Quebec. Currently it is seeking opportunities to part…
EXPLORATION ’87 HUDSON BAY
Hudson Bay Exploration & Development, a wholly-owned subsidiary of Hudson Bay Mining & Smelting, will be exploring for base metals in 1987. These activities will be confined to Manitoba and Saskatchew…
Buying coins? Check premium
Thinking of buying gold bullion coins? Then don’t forget to look at the premium you have to pay. That’s the advice contained in a recent release titled Dateline: Canada, in which Canadian Maple Leaf c…
Denison opposes oil bid by Greece
Denison Mines will oppose an attempt by the Greek government to acquire a majority interest in the company’s oil and gas operations in the Aegean Sea. At press-time, the company was still awaiting off…
EXPLORATION ’87 SMDC
Saskatchewan Mining Development Corp. (smdc) is playing a major role in the discovery, development and marketing of mineral resources in Saskatchewan. In just over a decade smdc has evolved from an ex…
Exploration funds (March 02, 1987)
Camindex Mines and MVP Exploration (1987) & Co., Limited Partnership have entered into an agreement whereby MVP will subscribe for $l,340,000 of flow-through common shares of Camindex at $1 per share….
Quebec study shows flow-through’s value
Flow-through financings between 1980 and 1985 led to 25 potentially profitable mineral discoveries in Quebec, according to a recent study commissioned by the Quebec Prospectors Association and conduct…
EXPLORATION ’87 WESTMIN
With more than a dozen properties in various stages of exploration, Westmin Resources is into a banner mineral exploration season. About $6 million of the work commitments are being financed by junior…
Editorial Brazil and the price of gold
Word that Brazil will postpone interest payments on its huge forei gn debts for an indefinite period has sent shock waves throughout the world’s financial districts. Especially hard hit were bank stoc…