Despite a drop in gold prices, a 12% increase in gold production helped Echo Bay Mines (TSE) return to a profitable position in the first quarter of 1991. The gold miner reported earnings of $4.4 mil…
Gold production at the Ridgeway open pit mine in South Carolina fell by about 30% to 30,843 oz. during the 1991 first quarter from production levels a year earlier. Galactic Resources (TSE), which ho…
Following a joint venture agreement between Kennecott and NovaGold Resources, Costigan Gold, which closed unchanged at 35 cents, has agreed to revise its partnership with NovaGold. Costigan will excha…
An agreement has been entered into by Timmins Nickel (TSE) and Dumont Nickel (ME) whereby Timmins will spend up to $5 million to acquire a majority interest in, and act as operator of, the Dumont nick…
First-quarter earnings for Cheni Gold Mines (TSE) took a turn for the worse this year with the company reporting a net loss of $1.5 million on revenues of $5.2 million. The company reported a cash fl…
The good news is that the federal government and the Saskatchewan government have agreed on a method to streamline the environmental assessment process for uranium mines. In the world of environmenta…
A $2-million exploration program has been proposed by Thios Resources (VSE) and Eurus Resource (VSE) for their Rock & Roll and Bornagain properties in the Iskut River district of northwestern British …
Diversification for the ’90s” was the theme for the Pacific Northwest Metals & Minerals Conference recently held here. It featured a symposium on platinum and base metal deposits in North America. The…
In a move to increase its interest in the Spectrum property to 100%, Columbia Gold Mines (VSE) has renegotiated its option agreement with property owners Northair Mines (TSE) and Calnor Resources (VSE…
Minority shareholders of Falconbridge Gold (TSE) will vote June 3 at the annual meeting in Toronto on a resolution approving the purchase of the African gold assets of its controlling shareholder, nic…
Last year was a milestone in the 16-year history of the Mining Research Organization of Canada. MIROC, the oldest research organization sponsored by the mining industry, has emerged from its partial d…
Shareholders of gold producer Malartic Hygrade Gold Mines (Canada) (VSE) recently voted in favor of a corporate name change to Republic Goldfields Inc. The company, with producing properties near Val…
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