Princeton earnings drop
Higher costs and lower revenues brought about a sizable drop in earnings for Princeton Mining (TSE) in 1990 over the previous year. Princeton reported earnings of $10.8 million for 1990, a significant…
Higher costs and lower revenues brought about a sizable drop in earnings for Princeton Mining (TSE) in 1990 over the previous year. Princeton reported earnings of $10.8 million for 1990, a significant…
Forbex Mining (ME) has reached an agreement with Bonanza Metals (ASE) to acquire the latter company’s 50% interest in the past-producing Poirier base metal property in northwestern Quebec. The deal ca…
Despite writing down its investment in North American Metals (TSE) by US$32.2 million last year, Homestake Mining (NYSE) recently provided the company about $2.3 million in additional financing. North…
In a week of backtracking on major markets, the VSE composite index remained virtually unchanged at the 560 level while the resource index shed 7.21 points to finish the period ended March 19 at 5689….
Norris Proskin appointed a director succeeding Rodney Smith.
Low silver prices are continuing to hurt Callahan Mining (TSE), with both its Galena and Coeur mines in Idaho operating at a loss. The company reported a loss of US$2.5 million for the year ended Dec….
TEXT: Local mining analysts are not expecting 1991 to be a banner year for exploration in British Columbia. The general economic downturn, the gutted flow-through financing mechanism, bearish equity …
Junior mining companies in Canada, slowed by a slumping economy, can only look back fondly at the heady days of the late 1980s when financing for exploration programs was readily accessible. Flow-thro…
Exploration on the King’s Point project, 75 miles south of Deer Lake, Nfld., has yielded disappointing results for Springer Resources (VSE). Although three holes drilled to test geophysical and geoche…
Continuing exploration on the Goldex Extension (GE) zone near Val d’Or, Que., has extended the strike length of gold mineralization on the property by an additional 400 ft. The Goldex Extension projec…
The corporate strategy of NovaGold Resources (TSE), based in Halifax, N.S., is to become a “vertically integrated major mining company,” says company Comptroller Glenn Holmes, and “a world leader in t…
A union dispute at the Cassiar mine in northern British Columbia has been resolved by the ratification of a 2-year agreement by the mine’s 330 union employees. The mine is owned and managed by a unit …
By continuing to browse you agree to our use of cookies. To learn more, click more information
Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.