U.S.REPORT Brush Creek reports discovery
Keewatin Engineering was recently retained by Brush Creek Mining and Development (NASDAQ) to assist in evaluating a high-grade gold discovery made on a former producer in California’s famed Motherlode…
News
U.S. REPORT Glamis takes option to buy Echo Bay’s Randsburg play
Rand Mining, an operating subsidiary of Glamis Gold Mines (TSE), recently acquired all of the Randsburg, Calif., properties owned by Echo Bay Mines (TSE). The 5,600-acre land package includes the Balt…
Vior gets another good intersection
A single high-grade drill intersection of 30.7 ft. grading 0.69 oz. gold per ton has been reported by Inco (TSE) and its two partners from the Douay joint venture, eight miles northeast of Joutel, Que…
Barrick set to raise $122.5 million
American Barrick Resources (TSE) recently filed a preliminary prospectus for a $122.5-million public offering designed to enable the Toronto company to pay down debt and finance exploration and develo…
Investors ponder implications of judge’s Aur/:Louvem decision
Dozens of brokers and mining investors were forced to play an unexpected waiting game recently while a Quebec judge considered a request by Noranda (TSE) for a temporary injunction to prevent St. Gene…
Giant Yellowknife earnings slip
Consolidated earnings of $198,000 (2 cents per share) for the first half of the year were reported by Giant Yellowknife Mines (TSE), compared with $544,000 (6 cents per share) for the same six months …
EDITORIAL PAGE Desperate measures
It is sad to watch one of the country’s great mines, now fallen on hard times, become the battleground for a bitter labor dispute that threatens to prove tragic. The Dome gold mine in South Porcupine …
Gulf crisis brings volatility back to gold prices
The gold price is proving to be extremely volatile as investors react quickly to political manoeuvering in the Middle East. In recent days, gold soared to US$415.50 as the likelihood of armed conflict…
Minefinders sells Quebec properties to Malartic Hygrade
For $1.5 million in cash, securities and work commitments, Minefinders (VSE) has agreed to sell some of its Quebec properties to Malartic Hygrade Gold Mines (Canada) (VSE). Malartic Hygrade, Minefinde…
Equity Silver earnings steady
Earnings for the first half of 1990 for Equity Silver Mines (TSE) stood virtually unchanged over the previous year. The company reported earnings for common shareholders of $8.2 million for the six mo…
Horsham earnings up 46% in quarter
The controlling shareholder of American Barrick Resources (TSE), Horsham (TSE), achieved record second-quarter earnings, thanks to the performance of its oil producing subsidiary. Horsham said net ear…
Ascot, Beauchamps have gold assays
Joint venture partners Ascot Resources (VSE) and Beauchamps Exploration (VSE) say they have identified two anomalous zones of gold and base metals mineralization on their Kiniskan Lake property, 112 m…