Strong nickel and copper prices have combined to drive Falconbridge Ltd. (TSE) to the most profitable year in its history. Earnings reported by Falconbridge for the year ended Dec 31 were a record $34…
A comprehensive development program budgeted at $661,000 is planned by partners Corona Corp. (TSE) and Huntington Resources (VSE) for the Brett claims located about 25 km west of Vernon, B.C. The proj…
A lawsuit by Scintilore Explorations (TSE) seeking ownership of the David Bell gold mine at Hemlo in northern Ontario has been dismissed. Supreme Court of Ontario Justice Robert Montgomery ruled Scint…
Quattro Res — min 600,000 offered @ 35 cents per sh. Abstract Enter — gross proceeds rec $150,000. Golden Kristy Res — 500,000 sold for gross $200,000. Megastar Ventures — min 350,000 offered @ 35…
Discovery of ore grade uranium mineralization has been reported by Minatco Ltd. at shallow depths on the Wolly joint venture property in northern Saskatchewan. The company, a subsidiary of Compagnie F…
HOMESTAKE MINING — Thomas H. Wong elected assistant secretary and assistant treasurer.
Once awash in red ink, Cominco Ltd. (TSE) continued its remarkable financial turnaround again in 1988 when earnings reached the highest levels ever reported by the corporation. At $213.5 million, last…
Increased production volume and lower costs brightened the profit picture for major North American gold miner FMC Gold Company (NYSE) in 1988. The company reports its net income rose 23% last year to …
Five gold exploration properties in north central Nevada have recently been acquired by ECM Inc. The properties, located in Lander and Eureka Counties, cover a total of 52,000 acres in Nevada’s Cortez…
Control of Eastmaque Gold Mines (TSE) is slowly slipping into the hands of Ventures Trident, a Colorado-based mining investment partnership. Ventures has purchased 900,000 preference shares of Eastmaq…
Shaft-sinking by hand steel has been started at the Jerome property of The Mining Corp. of Canada, in the Opeepeesway Lake area, S udbury mining division. In the third-quarter report of the company, i…
POLARIS You could say it’s about as redundant as hauling coal to Quintette or gold to Hemlo. Polaris, the world’s most northerly metal mine, requires underground refrigeration. The cooling is necessar…
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