Higher base metal prices brightened the financial picture considerably for Westmin Resources (TSE) during the first nine months of 1988. The company reported net earnings of $16,066,000 or 9 per commo…
ONTARIO Augmitto Expls. — final rec iss offer min 750,000 & max 2,000,000 @ $4 per Cl A spec sh to net min $2,760,000 & max $7,360,000. Dynalta Egy — final rec iss offer min 3,000 & max 10,000 @ $1,…
Encouraging results have been received by J.A.G. Mines (ME) from underground sampling of the Aubelle vein at the Belleterre property in northwestern Quebec. Average grade of the assays of 10 bulk samp…
Crown Resource Corp. (NASDAQ) has optioned a 34,000-acre exploration property in the southern portion of the Carlin trend in Elko Cty., Nev. The property, which lies about six miles southeast of Newmo…
Operating results from the Jolu gold mine during November have exceeded original expectations. Operated by Corona Corp. (TSE), the mine north of La Ronge, Sask., produced 5,266 oz of gold from ore gra…
Two Quebec-based junior companies are pursuing a merger, announcement of the move coming on the heels of a takeover proposal by a gold producer of one of the juniors. Nova-Cogesco Resources (TSE) says…
Politics can make for some very peculiar reasoning. Take, for example, our recent general election, won by the Progressive Conservatives with what appears to be a resounding majority — 169 of 295 sea…
NSR Resources (TSE) has signed a letter of intent with Master Gold, a private company, which gives Master the right to earn an interest in three of five concessions held by NSR in Rouyn Twp., Que. Mas…
Week’s Price (US) Change Gold (per oz) $425.35 +$ 4.05 Silver (per oz) $ 6.11 +$ .04 Platinum (per oz) $597.00 –$ 5.00 Copper (per lb) $ 1.64 +$ 0.10 Lead (pe…
Underground mapping and sampling are currently under way on Ateba Mines’ (TSE) Magnet mine property, located 10 km west of Geraldton, Ont. A dewatering program, completed last month, has enabled acces…
Sodium cyanide, essential in the recovery of most gold produced today, is in such short supply that a “black market” has developed for the chemical driving prices up sharply for those without an assur…
Resource issues put on a strong show this week, with the mining and minerals index moving up more than 54 pts. In comparison, the general market portfolio index gained slightly more than 9 pts. Daily …
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