Six-mopnth earnings down for Westmin
Continued weakness in metal prices and sharply lower oil prices are the main culprits behind the sharp drop in net earnings posted in the 6-month period ended June 30 by Westmin Resources.
1986
More work on Adams Plateau
Izone International, one-third partner on the Adams Plateau joint venture, with Clifton Resources and Adams Exploration reports continuing exploration. Diamond drilling has tested one of four anomalou…
Troymin, Tricentrol enter agreement
An agreement has been reached between Alberta-listed Troymin Resources and Tricentrol Oils, both of Calgary, to purchase an approximate 9.5% working interest in a gold deposit in the Chibougamau area …
Financing arranged by Beaufield Res.
A financing agreement has been negotiated which will raise a maximum of $800,000 for Beaufield Resources. Beaufield plans to issue 516,129 common shares at a price of $1.55 per share on a flow-through…
Sullivan and Cambior solidify their links
Sullivan Mines, and Cambior Inc. are solidifying the link between the two companies. They had previously announced (N.M., Aug. 8/86) that Sullivan- associated Courvan Mining would have an option to pu…
Malartic Hygrade results
For the second quarter ended June 30, Malartic Hygrade Gold Mines earned net income of $484,125 or 14 cents per share compared to $349,156 or 10 cents per share during the same period last year. For …
Vancouver Stock Exchange Gold holds on to its recent gains
Wednesday close, August 27 Prices on Vancouver have firmed somewhat which is not surprising given the fact gold has managed to hold onto some of its recent gains. The Vancouver market is heavily biase…
Canamax ups reserves at Kremzar gold project
An additional 264,000 tons of reserves have been outlined at the Kremzar gold property operated by Canamax Resources, the company reports. Located 25 miles northeast of Wawa, Ont., the Kremzar propert…
People (September 01, 1986)
GLAMIS GOLD — Andrew Milligan has resigned as president and James Carter as vice-president and chief financial officer.
Ontario rescue team in national contest
For the first time in the history of the event, Ontario plans to enter a team in the 1986 national mine rescue competition, scheduled for Sept 19-20 in Nanaimo, B.C. The competition will test the skil…
Correction Coin Lake Gold
As a clarification, all dollar figures quoted in last week’s story on Coin Lake Gold Mines’ Golden Reward property were expressed in U.S. dollars, (except for the share price quoted on the Toronto Sto…
Newjay working
A preliminary exploration program is under way on the Black Twp., Ont., gold property controlled by Newjay Resources. The 268-claim property, near Kirkland Lake, is being surveyed by geophysical instr…