Budget for New World
A budget of US$5.9 million has been set for the 1990 development program on the promising New World property, a gold-silver-copper prospect owned by Crown Butte Resources (VSE). The budget for develop…
1990
Mining industry still offers solid investment opportunities
As investment counsellors, we have been arguing successfully that segments of the mining industry offer attractive investment opportunities. The argument can be divided into two phases. The first is t…
Hecla negotiating deal for large yttrium deposit
Active across Canada, Hecla Mining Co. of Canada continues to seek out attractive mineral properties for exploration and development. In Quebec-Labrador, Hecla Canada is working out the final arrangem…
Vedron plans $8 m offering for Fuller bet and Belmoral
Toronto-based Vedron (TSE) says it has revised the terms of a previously announced debenture offering, designed to finance exploration at the Fuller gold project and pay back debt owed to Belmoral Min…
Hope Brook takes loss for 1989
A net loss of $18.8 million (63 cents per share) for 1989, compared with a net income of $2.9 million (10 cents per share) in 1988, has been reported by Hope Brook Gold (TSE). Revenues totalled $38.1 …
Mining Helped develop the far north with long line of Arctic
The reason why men began exploring the Arctic is probably the same as why a mountaineer climbs an unclimbed mountain — because it’s there. The first known attempt to reach the Arctic was that of the …
Euro-Nevada has profit during 9-month period
Toronto-based Euro-Nevada Mining (TSE) reported a net profit of $665,000 or 6 cents per share for the nine months ended Dec 31, compared with $583,000 or 6 cents per share during the same period last …
Slight increase in Cambior earnings
Net earnings of $17.7 million (73 cents per share) were reported by Cambior (TSE) for 1989 on revenue of $116.9 million, compared with $17.4 million (74 cents per share) on revenue of $109.9 million t…
Exploration Orex discloses results
The first results of an underground exploration program on Exploration Orex’ (ME) Goldboro property in Guysborough Cty., N.S., have been announced. The drilling program defines a mineralized block of …
It took a magnifying glass to learn Steep Rock’s royalty
Promoters are a necessary part of this business of mining. There are good ones and bad — and all shades between. One of the best had to be Joe Errington, founder and developer of Little Long Lac Gold…
Vital Pacific drills anomaly
A diamond drilling program is under way on Vital Pacific Resources’ (VSE) Haida property, 100 km north of Kamloops, B.C. The company will drill 10 to 12 holes totalling 1,800 metres, at an estimated c…
Toronto Stock Exchange Producers suffer as gold price continues
Organizers of the New York gold conference could be forgiven for wishing they had picked a better week to hold the event. As representatives of the major North American producers gathered in the Big A…