Companies (August 03, 1998)
Aber ResourcesAvalon VenturesBarrick GoldBattle Mountain GoldBHP DiamondsBolidenConsolidated Westview ResourcesDayton MiningDia Met MineralsDynatecEarl ResourcesEastmain ResourcesEldorado GoldEtruscan…
Louvem Mines Inc
Richmont boosts production
Weak gold prices do not appear to be taking much of a toll on Montreal-based Richmont Mines (RIC-T).The company posted net earnings of $1.4 million for its latest quarter ended June 30, up from $1 mil…
Companies (May 18, 1998)
Abacus MineralsAber ResourcesAdrian ResourcesAlberta EnergyAnglo AmericanAnglogoldAshanti GoldfieldsAshton Mining of CanadaAur ResourcesAurado ExplorationAurizon MinesBarrick GoldBattle Mountain Canad…
Richmont enjoys superb quarter
More gold at lower costs, is the simple explanation behind Richmont Mines’ (RIC-T) stellar performance in the first quarter of 1998.The Rouyn-Noranda, Que.-based gold miner earned $961,975 (or 6cents …
MINING IN CANADA — Richmont ready for new ventures
With three small but profitable gold mines in operation in Canada, Rouyn-Noranda, Que.-based Richmont Mines (RIC-T) is looking to take on a larger project.”We would like to get our hands on something …
Companies (March 16, 1998)
Aber ResourcesAgnico-Eagle MinesAlberta EnergyAmerica GoldAnglo AmericanAnglogoldAntares Mining & ExplorationAshton MiningAur ResourcesAuridiam ConsolidatedBarrick GoldBolivar GoldfieldsBreakwater Res…
Richmont Mines nearly doubles revenues
Low gold prices may have hurt its earnings, but Richmont Mines (RIC-T) still enjoyed its sixth consecutive year of profitability in 1997.Revenue during the 12-month period nearly doubled, to $38.7 mil…
Nugget Pond startup strengthens Richmont
The start of production at the Nugget Pond mine, near Baie Verte, Nfld., enabled Richmont Mines (ric-t) to boost its operating cash flow tenfold in the second quarter, compared with 1996 levels. Also,…
Richmont to acquire Louvem
Rouyn-Noranda-based Richmont Mines (RIC-T) has made a bid to take over Montreal-based Louvem Mines (LOV-T).Richmont’s bid is by way of an exchange for all the issued and outstanding shares of Louvem M…
Richmont not disuaded by loss
The loss of more than half a million dollars in the first quarter has not dampened the optimism of Rouyn-Noranda, Que.-based Richmont Mines (RIC-T).The combination of a lower average gold price and a …
Aurizon shelves Vior’s Douay-Ouest — Reports $344,000 loss for first quarter
Citing low gold prices, Vancouver-based Aurizon Mines (ARZ-T) is delaying the development of Vior Mining Exploration’s (VIO-M) wholly owned Douay-Ouest property.The property is 50 km north of Aurizon’…
Beaufor pays off for Louvem Mines
Investment in the Beaufor gold mine near Val d’Or, Que., has paid off for Louvem Mines (TSE), which made a slight profit in the first quarter.The company earned $16,808 (nil per share) on revenue of $…