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. …
News
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…
People (September 05, 1988)
GEXA GOLD — David E. Lindh appointed chairman of the board. People…
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…
Franco-Nevada tries to get full value from Goldstrike bet
Toronto-based Franco-Nevada Mining (TSE) is planning to make the most of its royalty interest in American Barrick Resources’ (TSE) Goldstrike property near Carlin, Nev. Franco-Nevada holds a 4% net sm…
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. …
Bachelor Lake to spend $2m after securing Flordin bet
After securing Cambior Inc.’s (TSE) 51% stake in the Flordin gold property in Desjardins Twp., Que., Bachelor Lake Gold Mines (TSE) is preparing to raise $2 million for exploration at the project. Loc…
Book Reviews Canadian book on Iron and Steel
Metallurigical works in Canada, Primary Iron and Steel 1988 lists in detail the facilities, productive capacities, products and other data of companies that comprised the primary iron and steel indust…
Canamax drops Glimmer claims
Canamax Resources (TSE) has terminated its option on a gold property held by Glimmer Resources (VSE). Following the completion of a $450,000 exploration program, which included 17 diamond drill holes,…