Armistice interested in nearby Kerr mill
A junior mining company exploring property at Virginiatown, Ont., is expressing an interest in acquiring the adjacent Kerr Addison property and mill. Armistice Resources (ME) says it is discussing a l…
News
Cassiar Mining earnings soar
Cassiar Mining Corp. (TSE) reported net earnings of $17.87 million or 98 cents per share for the 6-month period ended June 30, compared with earnings of $5.32 million or 31 cents per share for the c…
Dome Mountain players hold first meeting
Teeshin Resources (VSE) announces that the Dome Mountain joint venture with Canadian-United Minerals (VSE) has held its first management committee meeting. The management committee has accepted the Do…
Editorial Flow-through program needs support
From 1983 to 1988, flow-through funded exploration programs in Canada led to the discovery of more than 200 mineral deposits resulting in the creation of 115 advanced stage exploration projects, accor…
Borealis suing NIM for sale of shares
Legal proceedings have been launched by Calgary exploration company Borealis Exploration (ASE) against NIM Management Ltd., and a number of its partnerships and mutual funds. In the law suit, Borealis…
News in Brief (August 07, 1989)
Steelmaker Dofasco Inc. has concluded the purchase of the remaining 75% of the outstanding shares of Quebec Cartier Mining from USX Holdings of New York, N.Y. Dofasco bought an initial 25% interest in…
Dofasco sells stake in iron ore operation
Having recently completed the purchase of 100% of Quebec Cartier Mining, Dofasco Inc. of Hamilton has sold a 50% interest in the company to two partners. The steelmaker’s new partners (each with a 25%…
Cheni’s Lawyers mine pours gold at opening
With the traditional ribbon-cutting ceremonies, speeches and pouring of dore bars, Cheni Gold Mines (TSE) officially opened its 100%-owned Lawyers mine and mill complex located in this remote region o…
Redaurum, Sabina plan Dumont deal
Toronto-based Redaurum Red Lake Mines (TSE) is hoping that a proposed transaction with Sabina Resources (VSE) and Dumont Nickel Corp. (ME) will increase the company’s future growth potential. Under th…
Falco Gold posts good second quarter
Falconbridge Gold Corp. (TSE) should achieve gold sales this year of roughly 90,000 oz, a figure that puts it squarely within the ranks of this country’s tier two gold players. Normal production from …
Alberta Stock Exchange Gold Vessel ahead
While volumes were down substantially from levels seen during the last two weeks of July, there was still plenty of action to consider this week on the Alberta Exchange. The Gold Vessel issue, which h…
Earnings up 27% for M.A. Hanna
Net income from operations for M.A. Hanna (NYSE) reached a record level of $20.9 million(US) or 74 cents per fully diluted share in the quarter ended June 30. The Ohio-based company said this represe…