Jolu mine meeting design parameters
Operations at Saskatchewan’s newest gold mine are meeting design parameters, partners International Mahogany Cor , (TSE) and Corona Cor , (TSE) say. The Jolu mine, which entered production in November…
1989
FirstMiss oxide circuit produces 5,400 oz gold
The oxide circuit at FirstMiss Gold Inc.’s (NASDAQ) Getchell property in north-central Nevada generated 5,400 oz of gold during February. The mill is in phase one of a 2-stage start-up program the sec…
Campbell looks to Joe Mann for financial turnaround
Even though high production costs will probably force Campbell Resources (TSE) to shut down its S-3 mine in Chibougamau, Que., the Toronto company is hoping that its financial position will improve th…
Earnings Reports (March 20, 1989)
Campbell Resources (TSE) reports a consolidated loss for 1988 of $60.9 million or $1.13 per share before extraordinary items on revenue of $4.7 million compared to a loss of $46,000 before extraordina…
East West ships con from Caribou
A 6,734-tonne shipment of base metals concentrates, containing about $5.5 million worth of zinc, lead, gold and silver, is on its way to England from the Caribou mine in northern New Brunswick. Owned …
Santa Fe subsidiary developing 100,000 oz gold mine in Nevada
The minerals subsidiary of Santa Fe Southern Pacific Cor (NYSE), whose interests include transportation, real estate, and natural resources, plans to develop a major new gold mine in Nevada. Santa Fe …
Editorial Getting an edge from technology
It’s not good enough for a mining company just to mine anymore. Today in order to prosper a mining company must also be adept at computer processing, be intimately familiar with the world of high fina…
High grade for New Beginnings
High grade grab samples have been assayed by New Beginnings Resources (VSE) from the company’s University River gold property in the Mishibishu Lake area west of Wawa, Ont. Sampling along the Mystery …
Universities seek boost for mineral exploration
A consortium of Canadian universities has proposed a multi- million-dollar project that aims to put Canada back in the forefront of international mineral exploration. Supporters believe the project, c…
News in Brief (March 20, 1989)
Lone Jack Resources has changed its name to Performance Minerals of Canada on a share-forf-share basis.
Thunder Mountain Nevada properties
Thunder Mountain Gold (OTC, Spokane) acquired extensive mineral rights last year in Eureka, Elko, and Lander Ctys, Nev. The company says several major mining companies have expressed an interest in th…
Correction (March 20, 1989)
NLX Resources (TSE) has not acquired control of Sandy K Mines, a private company as reported earlier (N.M., Mar 6/89). NLX holds a 24% in a silver property near Gowganda, Ont., which is controlled by …