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Mishibishu rush compares to Hemlo

A mini-Hemlo camp in the making at Mishibishu Lake? That’s the impression one quickly gathers after a helicopter flyover of this bustling new gold area and meeting first hand with its key developers. …


Noranda ups stake in Falconbridge

In the market to become the world’s largest diversified resource company, Noranda Inc. (TSE) has emerged with a 19.5% stake in Falconbridge Ltd. (TSE). After weeks of intermittent buying, Noranda stop…


Reynolds gold mine expansion

Reynolds Metals Company recently announced a planned expansion of the Boddington Gold mine in Western Australia to double its original processing capacity, making it the largest gold mine in Australia…


Better gold sales aid Canamax results

An increased level of gold sales enabled Canamax Resources (TSE) to realize an increase in operating earnings from mines in production. However, for the second quarter ended June 30, the company had a…


Sonora Gold Corp

An operating loss of $2 million was realized by Sonora Gold Corp.’s (TSE) Jamestown gold mine in California for the first half of this year. The project, which generated revenues of $19.3 million from…



Montanna tunnels produce gold profits for Pegasus

With its Montana Tunnels project now fully operational, Pegasus Gold (NASDAQ) reported record net earnings for the second quarter of $7 million or 30 cents per share. Those earnings were 63% higher t…



FINANCING (September 05, 1988)

Fireball — gross proceeds rec $225,000. Hildon — gross proceeds rec $157,500. Pennilane — gross proceeds rec $105,000. Sukuma — 400,000 sold for gross $140,000. …



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