Red ink for Sherritt Gordon
Unable to withstand the unrelenting pressure of weak fertilizer prices, the bottom line of Sherritt Gordon Mines has caved in with a loss, before unusual item, of $3.2 million for the year ending Dec …
1987
Alberta Stock Exchange Naneco continues climb
Naneco Resources continued to add on to last week’s gains, picking up another 30 cents to $2.30. The company is hoping to make a production decision this year on its Johnson Gulch gold property in So…
Hemlo Gold shares flood back to Canada
As much as $20-million worth of stock in Hemlo Gold Mines, one- fifth of the shares sold by Noranda Inc. in Europe, came back to Canada within two days of the initial public offering, estimates one in…
Royalty trust considered by Franco Nevada Mining
A study has been commissioned by Franco Nevada Mining Corp. to determine the feasibility of placing the Goldstrike and Post claims located in the Carlin area of Nevada into a U.S. Royalty Trust, says …
Cortez rediscovers magnesite deposit
A proven, high grade magnesite ore deposit on and adjacent to the Deer Trail mine property in Stevens Cty., Wash., has been rediscovered, L. George Reynolds, chairman of Cortez International, has anno…
Teck drilling Estrades ground
Drilling has started on the Estrades property in the Casa Berardi area by operator Teck Explorations and joint venture partners Golden Hope Resources and Golden Group Explorations. The drilling is aim…
Drilling this month planned by X-Cal
A follow-up diamond drill program is scheduled to start this month on X-Cal Resources’ Snowbird gold property in central B.C. The 5,400-ft drill program was prompted by encouraging results derived fro…
Dundee/NAR results from Vezza property
Several encouraging intersections have been completed by partners, Kennco Explorations, North American Rare Metals and Dundee-Palliser Resources on a 203-claim property in Vezza Twp., Que. Located app…
Northair drilling `Spectacular’ intersection
Recent drill results from Northair Mines’ Willa gold project in southeastern B.C. included one spectacular intersection grading 1.4 oz over 59 ft. According to Donald A. McLeod, president, check assay…
Vault drops plan on Mali gold bet (February 09, 1987)
Vault Explorations has dropped plans to acquire a 48% interest in a gold concession in Mali. The company’s stock was halted by the superintendent of brokers office Jan 9, and it was asked to provide d…
Queenstake options California gold bet
Queenstake Resources has optioned its Argus gold property near Bakersfield, Calif., to Childs International, a subsidiary of an Australian mining group. The company will be able to earn a 60% interest…
United Siscoe postpones vote on Barrick takeover (February 09, 1987)
A special meeting of United Siscoe Mines to vote on a proposal to acquire a controlling interest in American Barrick Resources has been postponed indefinitely. A special meeting had been scheduled for…