Falling gold prices and the rising value of the Canadian dollar were responsible for a substantial reduction in Kerr Addison Mines’ (TSE) net income during fiscal 1988. Net income reported by the 50.1…
A 2-stage private placement has been entered into by Marshall Minerals (ASE) and Eden Roc Mineral (ASE). In the first stage, Marshall has agreed to purchase 1.5 million shares for $450,000 and will re…
American Barrick Resources (TSE) of Toronto reports fourth quarter 1988 net income of $14.3 million, or 24 cents per share compared with net income of $9.1 million, or 16 cents per share in 1987. Re…
Claims held by Cline Development Corp. (VSE) and Transgold Resources (COATS) also include a property which was at one time held under option by Esso Minerals. Work by Esso defined reserves of 72,000 t…
Drilling by Tarzan Gold (ASE) on the Joburke gold property near Timmins, Ont., has identified two shoots within the 6-7 vein and the North zone vein systems. The property is held under option from Nor…
On behalf of Newmont Mining and the many Newmont employees who have been part of the Canadian mining scene over the past 60 years, I would like to express sincere thanks for your gracious comments on …
Diamond drilling has commenced on the first of 12 potential kimberlite targets to be tested this winter by Toronto-based Aurogin Resources (VSE). Aurogin can earn a 50% interest in the properties from…
Despite a $24.3 million drop in earnings from its gold mining operations last year, Placer Dome Inc. (TSE) reported a substantial increase in net earnings for the year ended December 31. Anthony J. Pe…
After closing down operations at its Caribou gold property Seabright Explorations (TSE) is concentrating its efforts on a couple of other Nova Scotia projects. The Westminer Canada subsidiary says it …
The final regulations needed to put the Canadian Exploration Incentive Program into effect have been approved by Ottawa. Information kits on the new program and how the regulations will be interpreted…
Gold prices below $400 (US) and increased concern over higher interest rates continued to plague the market here, although a small correction was noticed at press time following some sharp declines in…
The team that helped make LAC Minerals one of Canada’s most successful exploration and mine development company’s, wants to do it again — this time on its own. Dennis Sheehan and Robert Valliant, bot…
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