SherrGold dividend
A stock dividend has been declared by the board of directors of SherrGold Inc. Equivalent to 10.5 cents per share, the dividend will be payable on common shares of SherrGold based on a price per shar…
News
Merrithew calls for support of flow-through program “Let your
It’s up to the mining industry itself to convince federal Finance Minister Michael Wilson that flow- through share financing should be retained. That was part of federal Mines Minister Gerald Merrithe…
Pamour still a survivor after 52 years of gold mining
Pamour is a fun place to work because ideas aren’t squelched.– Robert McBean, superintendent of technical services. Pamour Inc. has always been something of an oddball on the Canadian gold mining sce…
New reserves estimated by Highland-Crow at Pickle Lk.
Surface exploration on the Pickle Crow gold property controlled by Highland-Crow Resources has enabled the company to recalculate reserves on the property. Located northeast of Pickle Lake, Ont., the …
Jilbey options its Duverny gold bet
An agreement has been signed between Jilbey Industries and Bay Resources and Services. The deal gives Bay the right to earn a 75% interest in Jilbey’s gold prospect in Duverny Twp., Que. Located near …
Profit and production up for Echo Bay in 9-months
With a 76% boost in profit, Edmonton-based Echo Bay Mines has emerged from the nine months ended Sept 30 with net earnings of $21.9 million on revenues of $109.2 million. This compares to net earnings…
Things keep o9n looking up for Westmin’s Silbak bet
The news just keeps getting better from Westmin Resources’ British Silbak property near Stewart, one of only a few exploration programs currently under way in B.C. Westmin Resources’ British Silbak pr…
Montreal Exchange Syngold doubles
Wednesday close, Dec 10 Syngold Exploration, criticized here a month ago for spending flow- through money indiscriminately, has proved the value of the tax- incentive scheme with some drill results th…
Nine-month earnings up for Mentor Exploration
Net income jumped to $1.3 million or 40 cents per share for Mentor Exploration and Development for the nine months ended Sept 30, a substantial increase from $404,226 or 12 cents per share in the yea…
Significant gold showings claimed by Fairfield Min.
Two excellent gold showings have been found on Fairfield Minerals’ Elk property, not far from Noranda’s Brenda Mines property at Peachland, B.C. According to Fairfield, they occur in a stockwork setti…
Mono raises funds
Mono Gold Mines has completed a flow-through share issue of 500,000 shares at 60 cents per share. The private placement will provide $300,000 to the company. The cash will fund additional exploration…
Investment Comment Capital gains opportunties found in Canada gold
Mines and metals analysts Mike Pickens and Robert Sibthorpe, both of Yorkton Securities, have drawn up a portfolio of nine stocks which they believe represent excellent value for investors looking for…