Earnings Report (March 06, 1989)
American Barrick Resources (TSE) of Toronto reports fourth quarter 1988 net income of $14.3 million, or 24 cents per share compared with net income of $9.1 million, or 16 cents per share in 1987. Re…
News
Correction (March 06, 1989)
Claims held by Cline Development Corp. (VSE) and Transgold Resources (COATS) also include a property which was at one time held under option by Esso Minerals. Work by Esso defined reserves of 72,000 t…
Tarzan Gold finds two shoots on Joburke
Drilling by Tarzan Gold (ASE) on the Joburke gold property near Timmins, Ont., has identified two shoots within the 6-7 vein and the North zone vein systems. The property is held under option from Nor…
Letters to the Editor Newmont in Canada
On behalf of Newmont Mining and the many Newmont employees who have been part of the Canadian mining scene over the past 60 years, I would like to express sincere thanks for your gracious comments on …
Aurogin drilling kimberlite bets
Diamond drilling has commenced on the first of 12 potential kimberlite targets to be tested this winter by Toronto-based Aurogin Resources (VSE). Aurogin can earn a 50% interest in the properties from…
Sale of Investments Boosts Placer Dome Earnings
Despite a $24.3 million drop in earnings from its gold mining operations last year, Placer Dome Inc. (TSE) reported a substantial increase in net earnings for the year ended December 31. Anthony J. Pe…
Seabright busy with projects at Moose River and Dufferin
After closing down operations at its Caribou gold property Seabright Explorations (TSE) is concentrating its efforts on a couple of other Nova Scotia projects. The Westminer Canada subsidiary says it …
CEIP regulations get final approval
The final regulations needed to put the Canadian Exploration Incentive Program into effect have been approved by Ottawa. Information kits on the new program and how the regulations will be interpreted…
Vancouver Stock Exchange Calpine busy and better
Gold prices below $400 (US) and increased concern over higher interest rates continued to plague the market here, although a small correction was noticed at press time following some sharp declines in…
Former LAC trio get second chance with Perrex
The team that helped make LAC Minerals one of Canada’s most successful exploration and mine development company’s, wants to do it again — this time on its own. Dennis Sheehan and Robert Valliant, bot…
Noranda exploring Glen Auden property
Exploration work has commenced by Noranda Exploration on the Beatty Twp. gold property near Matheson, Ont., held under option from Glen Auden Resources (TSE) and Golden Dragon Resources (VSE). Ground …
MINERAL PROCESSING RESIN ON THE RISE
The search for better extraction Ttechnology has turned into a Tgold rush of another kind in the labs of Canadian researchers For some time now, scientists in the U S , South Africa, the U S S R , and…