Fast Blackdome payback shows mine’s strength
Bigger is not necessarily better. Very few gold mines in this country have been able to pay a dividend within the first year of production. And few indeed will show net earnings of 29 cents per share…
1986
Westley/Radcliffe drilling Nevada bet
Preliminary drilling has been completed on area 1 of the Independence property, near Elko, Nev. held by joint venture partners Radcliffe Resources, formerly Majorem Minerals and Westley Mines. Ten wi…
Centurion hopes to develop placer deposit
Being able to deal successfully with environmental issues can put your services in very high esteem these days, especially in states like California where the environmentalist lobby is very strong. A …
OSC is upset over Larder valuations
Valuation reports prepared by International Larder Minerals were not prepared in accordance with appropriate valuation techniques, the Ontario Securities Commission (OSC) alleges. The valuation report…
Profit and revenues up in Rio Algom’s 3rd quarter
With earnings and revenue up again for the third straight quarter, another record year may be shaping up for Rio Algom. For the nine months ended Sept 30 the company saw its net earnings increase by n…
With 10 properties, Joutel active concern once again
When control of Joutel Resources passed to the trio of John Arnold, Hugh Harbinson and Charles Page this past summer, the three vowed to make the company an active mining concern. And by indications s…
Deep drilling at Lamaque is key to Teck/Tundra
Drilling on the No 5 diorite plug on Teck Corp.’s Lamaque gold property near Val d’Or, Que., is yielding encouraging values. Tundra Gold Mines, which has the right to earn a 50% interest in a portion …
Alberta Stock Exchange: Drilling spurs Briar
Wednesday close, Nov 5 Gold issues led the pack on the Alberta Stock Exchange this week. News that Newmont Explorations has intersected strongly altered volcanics spiced with sulphides on Golden Briar…
General News & Comment: Value of COATS trading is higher than expe
Volume and value in COATS trading are continuing at higher than expected levels according to statistics released by the Ontario Securities Commission. The total value of COATS trading from its incepti…
Toronto Stock Exchange: Market takes the high road with golds at
Wednesday close, Nov 5 The golds were behind the wheel and helped steer the market out of last week’s doldrums. Over the week, the gold and silver index made a gain of over 200 pts to settle at 5,211….
Nevada Goldfields brings Aussie flair to golds
After enjoying the fruits of success Down Under, another Australian mining group has set its acquisitive gaze on other lands — namely North America. Golconda N.L., which is currently producing approx…
Marker active in Flin Flon area
A $250,000 exploration program is under way by Marker Resources on itst recently-acquired gold properties in the Flin Flon area of Manitoba, President Gordon Barron tells The Northern Miner. The two p…