New Pamour boss named
The Pamour group of companies has a new chief executive officer. An Australian, Adrian Fleming, will move over from his position as executive director exploration of parent firm Giant Resources to ass…
1988
B.C.’s mining industry rankles at park decision
British Columbia’s mining industry reacted strongly to a new ban on resource development in Strathcona Park, the primary recommendation of a recent report by the Strathcona Park advisory committee. To…
Strike Affects Earnings at Gibraltar Mines
Higher copper prices and lower unit costs led to significantly improved first half results for Gibraltar Mines (TSE), a Placer Dome (TSE) subsidiary, which operates an open pit copper mine near Willia…
Duration/Locator
A $2-million debt owed by Duration Mines (TSE) and partner Locator Explorations (VSE) to mining contractor Redpath Ltd., has placed the ownership of the Theresa gold property in jeopardy. The companie…
News in Briefs
Spirit Lake Explorations (ME) has completed flow-through financing totalling $1.2 million with NIM Resources at a price of $3.93 per share, subject to shareholders approval. These funds will be spent …
MAS vows to delist Steep Rock shares
After being taken over by a subsidiary of Swiss calcium producer Pleuss-Staufer AG, Toronto-based Steep Rock Resources (TSE) is scheduled to be delisted. MAS Minerals recently purchased over 90% of St…
New Nova Scotia coal mine
Work should begin in January, at the latest, on a new dedicated underground thermal coal mine in Stellarton, N.S. The mine has been in the plans of Westray Coal Inc., 50%- owned by Giant Yellowknife M…
Montreal Exchange Golden Pond drilling
News that a new gold mine in Quebec’s Casa Berardi region is being opened by Inco Gold and Golden Knight Resources is exciting enough, but now the two companies report a couple of significant intersec…
Pioneer earnings reflect seasonal operations
Second-quarter financial results for Pioneer Metals (TSE) remained much the same as comparable 1987 figures. Net income for the period was $870,000 compared with $770,000 for the period ended June 30,…
Robex, Aylmer begin exploration of Raymor bet
An exploration campaign has been started up by Robex Resources (ME) and Aylmer Mines on the Lac Arthur property located in Dalquier Twp. in northwestern Quebec. The companies may earn up to a combined…
Newmont earns $24.5 million
Newmont Gold reported second quarter net income of $24.5 million or 23 cents per share, virtually identical to last year’s results for the same period. Gold sales in the quarter amounted to 194,500 oz…
Black Hawk deal
Black Hawk Mining Inc. (TSE) has entered into an agreement with Lodi Metals (VSE) which gives Black Hawk the right to earn a 55% interest in Lodi’s graphite property near Smith Falls, Ont. Black Hawk …