Maufort option
An agreement has been reached between Maufort Resources and a Vancouver company, Moneywise, whereby Maufort may earn a 51% interest in 700 acres adjacent to its Siscoe extension property in the Val d’…
1987
Belmoral ahead on year despite poor quarter
A loss during the second quarter of $656,000 has been reported by Toronto-based Belmoral Mines. The company’s net income for the first six months of 1987, however, stands at $349,000, thanks to a stro…
Caribbean nickel
Falconbridge Dominicana is the second biggest ferronickel producer in the world. Among lateritic nickel operations, Falcondo’s capital cost is o ne of the lowest for nameplate capacity. At about $3(U…
People Hecla Mining Co.
Arthur Brown, president and chief executive officer, has assumed the additional position of chairman of the board, succeeding William A. Griffith who has retired.
Vancouver Stock Exchange Gold prices have positive effect
Stronger gold prices have turned the Vancouver market much more positive. Also, with tensions building in the Middle East and inflation rising here and in the U.S., there is still room for improvement…
Western Goldfields retains $15 million for acquisitions
In September, 1986, Western Goldfields poured the first gold from its 60%-owned Hog Ranch heap leach mine in Nevada. Now the company has reported earnings of 30 cents per share (28 cents fully dilut…
News in Brief (August 03, 1987)
S.I.S. Explorations has changed its name to Allegiance Equity Corp. (anq:vse) on a basis of one new share for four old shares.
Noranda, Getty release results of Tundra project
Additional drilling results have been obtained from Noranda Inc. and Getty Resources’ Courageous Lake joint venture property located 130 miles northeast of Yellowknife, N.W.T. Previous results from a …
Queries Kaaba to heap leach in California
When I last wrote to you in the summer of 1985, you seemed unaware of Skyline Explorations, which was trading on the Vancouver Stock Exchange at 85 cents . Since you haven’t published any news of Ka…
CROSS-CUTS Huge nugget find reported
It looks like a big baked potato, it’s said to weigh 74.6 oz and it could be worth at least $60,000. “It” is a gold nugget, discovered July 9 at Squaw Creek, B.C., that could be the biggest ever in Ca…
SUPPLIERS’ NOTES Robertson Research International
A new airborne geophysical and remote-sensing contracting/consulting service is available to the international exploration industry. Robertson Research Internat ional of the U.K. has expanded its geop…
Noranda divisions report second quarter earnings
Across-the-board improvements in all of Noranda Inc.’s resource divisions made it an encouraging second quarter for the company. Second quarter earnings were $103.1 million, or 66 cents per share aft…