U.S. REPORT Hecla boosts gold production
A substantial increase in gold production last year enabled Hecla Mining (NYSE) to report 1990 earnings of US$5.1 million, or US19 cents per share, compared with a loss of US$22.4 million in 1989. Hec…
News
Gauther would sell St. Genevieve Resources
Apparently fed up with waiting for his company’s share price to move upward, St. Genevieve Resources (TSE) Chairman Pierre Gauthier has retained Merrill Lynch Canada to find a buyer for the Montreal-b…
Positive feasibility for Andacollo bet
The phase-one final feasibility study on the Andacollo Gold project in Chile was recently completed by consultants Bechtel Corp. The study indicates the open pit heap leach project, which is owned by …
Eastmaque reports gold production
During the month of January, Eastmaque Gold (TSE) reported gold production of 5,050 oz. from its 50% share of the American Girl Mining joint venture and its Kirkland Lake dredging operations. The Kirk…
Assayers form joint venture
A joint venture operation has been announced by Assayers Corp. and Technical Services Laboratories. Since the beginning of the year, the joint venture has operated under the name Assayers Group. Both …
LETTERS TO THE EDITOR Engineers take responsibility
A recent letter published in your paper (T.N.M., 28/91) took some cheap shots at the profession of engineering. The letter “Engineers deserve a good swift boot,’ ” written by A. Chamot, not only blame…
Denison, Ont. Hydro negotiate new pricing contract for uranium
Officials from Denison Mines (TSE) and Ontario Hydro have begun crucial discussions that will almost certainly lead to a dramatic reduction in the price Hydro is paying for the company’s Elliot Lake, …
GOLD FUNDS (March 04, 1991)
BGR Central Net Value $9.00 $4.98 Price $7.88 $4.700 Discount 12.44% 5.6% Value $53,561,388 $79,074,210…
Armistice ponders rights offering
A rights offering is being considered by Armistice Resources (ME) as a means of clearing up its working capital deficit troubles, President Frank Smeenk told shareholders at the recent annual meeting….
Bacon, McLaughlin to address PDAC convention at Royal York
At the 59th annual convention of the Prospectors and Developers Association of Canada (PDAC), Quebec Mines Minister Lise Bacon will address the audience. Also scheduled to address the convention is Au…
Champ. Bear drills
Champion Bear Resources (ASE) has completed 15 holes on its One Man Lake gold occurrence in the Kenora area of northwestern Ontario. A series of en echelon gold zones varying from 4 to 22 ft. in width…
Black Swan running in red
With two mines now in operation, Black Swan Gold Mines (VSE) is working to push results back into the black. For the nine months ended Dec. 31, the company reported a loss of $199,000 on revenues of $…