1988

After 35,000 ft of exploratory drilling and an expenditure of close to $1.5 million (via flow-through financing) in the search for copper-nickel deposits in the Lac Simard area of northwestern Quebec,…

A first-quarter 1988 profit of “only” $35.2 million, or 45 cents a share, could have been as much as $8 million more had it not been for the company’s troubles in the Dominican Republic, William James…

With a November deadline to consider, Jerome Gold Mines (ASE) and Muscocho Explorations (TSE) are currently working against the clock to prove up enough reserves to place the old Jerome mine near Sway…

When hydraulic drills were introduced in the early 1970s, productivity shot up to an estimated 107 tonnes per man-hour. That compares with 13 tonnes per man-hour produced using the hand- held pneumati…

Vancouver-based City Resources (VSE) said recently that a previously announced modification of the exercise price of the company’s common share purchase warrants became effective April 19. The exercis…

Quebec-based Cambior Inc. (TSE), which produced about 142,000 oz gold during 1987, is projecting an output of 200,000 oz for this year and 1989, and more than 250,000 oz for 1990. Cambior, with a 50% …

A bid to buy up to 4.8 million shares of Louvem Mines (TSE) at $1.50 per share has been suspended indefinitely by St. Genevieve Resources (ME). St. Genevieve, which owns about 56.5% of the common shar…

At least a 25% increase in refined zinc production is being considered by Cominco Ltd. (TSE) at its Trail smelter operations, Robert E Hallbauer, president, told reporters after the annual meeting. Bu…

A diamond drilling and surface sampling program will be carried out this summer on Queenstake Resources’ Mar gold property following an option agreement with Can Pro Development. Can Pro, a private B….

The big Gaspe copper mine of Noranda Inc. at Murdochville, Que., which was closed following a disastrous fire April 1, 1987, in which 56 underground miners miraculously escaped, is to be reopened. The…

For the quarter ended March 31, Teck Corp. (TSE) reported net earnings of $14.5 million or 18 cents per share compared to $6.7 million or 6 cents a year earlier. Six-month earnings ending the same d…

Do you have the driving ambition to start your own little gold mine but lack the wherewithal to pull it off? There is help for you in the form of a paper entitled A Study into the Feasibility of Small…