TVX adds Chilean mine to portfolio
Toronto-based Consolidated TVX Mining has just added to its Latin American precious metal portfolio by acquiring a stake in a Chilean gold/silver prospect from Consolidated Goldfields. Already Brazil’…
1988
Equinox uses Buckhorn profits to pay back costs in first year
The past year has been an exciting one for Equinox Resources. Cash flow from the Buckhorn mine enabled an 11- month payback on the company’s $1.7 million(US) acquisition cost. A gold discovery at Buck…
Vancouver Stock Exchange Strong dollar stymies gold producers
Higher interest rates in Canada (in comparison to the United States) have strengthened our dollar and reduced fears of inflation which, similar to the U.S., is public enemy number one. But our stronge…
Stockmen looks for gold at Quebec iron prospect
After entering an agreement to buy a large iron property in Delestre, Que., Calgary-based Stockmen Minerals says it has set out to examine the prospect for possible gold reserves. Located 35 km north …
Teething problems over at Mascot mine
It’s fair to say that Mascot Gold Mines’ Nickel Plate project near Hedley, B.C., has endured its share of teething problems. But for most new mines that’s all part of growing up — the school of “hard…
Rea completes adit at Adams Lake bet
A $2-million program is nearing completion at Rea Gold’s Discovery zone property 60 miles northeast of Kamloops, B.C. The company completed a 1,033- ft adit to access reserves in the L98 lens, calcula…
Cove falls short as Echo turns in results
A 50% increase in ounces poured over the last 12-month period and a 20% hike in the price of the yellow metal reflects well on the bottom-line results of Echo Bay Mines, released this week. But result…
Nickel Plate to push Lacana over 100,000 oz gold in ’88
The future for Lacana Mining can only get better. The Toronto-based mining company, which in fiscal 1987 produced 39,000 oz gold (and about 781,000 oz silver) from its share of several North American …
Mining communities lobby for flow-through
Representatives of mining and assorted other industries in Kirkland Lake, Ont., are mad as hell and they’re not going to take it any more. What they’re mad at is the federal Finance Department’s plan …
Toronto Stock Exchange Stable golds and buying firm markets
A much-needed spate of buying during the end of our review week has added more than 60 pts to the tse composite index, which is back over the 3,000-point mark. After being pummeled by several days of …
Villeneuve funds for several bets
Villeneuve Resources has arranged share financings which netted $760,000. The cash will fund exploration programs on properties in Ontario, Quebec and Nevada. In the Mishibishu area west of Wawa, Ont….
Marshall earmarks $7m. for Timmins projects
In a bid to increase reserves at three of its Timmins area properties, Toronto-based Marshall Minerals has entered a number of agreements which call for some $7 million to be spent on exploration. In …