Euro-Nevada has profit in 1990 first quarter
Nevada royalty specialist Euro- Nevada Mining (TSE) reported a profit in the 3-month period ended June 30. First quarter net income was $670,000 or 5 cents per share on revenues of $1.1 million compar…
News
Denison share price drops as A,B dividends withheld
The preferred series A and B shares of Denison Mines (TSE) took a heavy beating recently after the company said it would not pay out scheduled dividends on both sets of shares. On Aug. 20, the first w…
Bailey buying
Recently acquiring 412,500 B shares of Vancouver-based junior Hughes Lang (VSE) was Gregory Bailey and a company he controls, Premier Medical Investments. The shares, combined with 116,000 B shares al…
Tymar, Ticker Tape drilling Newice
Partners Tymar Resources (VSE) and Ticker Tape Resources (VSE) are about to start a drill program on their Newice property, 68 miles north of Stewart, B.C. Previous work on the property is reported to…
Letters to the editor Multi-use on Crown land urged
Northerners have always practised multiple-use on Crown land — a co-operative land management system that depends on local expertise. The land’s capability is the first priority with our loggers, pro…
Glimmer drill program ends on a high note
Drilling on Glimmer Resources’ (VSE) Beatty-Hislop property near Matheson, Ont., Noranda (TSE) has discovered another mineralized zone, almost 300 ft. east of any previously known mineralization. Two …
Bomb scare at Dome mine
Police are investigating the discovery of a home-made bomb found recently at the strike-bound Dome mine in South Porcupine. The bomb, attached to the mine’s main water line, was discovered near the mi…
Chutine brings N.A. methods to Mexican copper/gold bet
Toronto-based Chutine Resources (VSE) has commissioned a feasibility study to determine the economic viability of a sizable porphyry copper deposit on the San Antonio de la Huerta property in the Mexi…
MinVen closing Blackdome mine
Mining operations at the Blackdome gold-silver mine west of Clinton, B.C., will be terminated during the fourth quarter, MinVen Gold (TSE) reports. The mine, which entered production in April, 1986, h…
Noranda employees accept Geco offer
Employees at Noranda Minerals’ Geco division at Manitouwadge, Ont., recently voted 79% in favor of ratifying a new 2-year labor contract. Under the terms of the agreement, wages paid out by the Norand…
Hecla seizes majority position in Acadia
Through a recent share transaction, U.S.-based Hecla Mining (NYSE) has gained a majority interest in Acadia Mineral Ventures (TSE). Hecla now holds 52.5% of Acadia’s common stock and its chairman, Art…
Drilling on Bema’s Chile bet drive issue up to $4.40 high
Shares of Bema Gold (TSE) reached a new high recently after results from the company’s optioned Refugio gold property in Chile showed that reserves in the Verde deposit may be considerably larger than…