Global exposure is important for mining firms
Mining companies which operate in several countries and have interests in more than one mineral may face the best chance for success. Robert Needham, executive chairman of the Australian firm Giant Re…
News
Pickle Lake unit consistent, Noramco says
Drilling by Noramco Mining Corp. on the company’s Pickle Crow gold property is showing the southwest iron formation unit to be consistent between drill holes. Located near Pickle Lake, Ont., the prope…
Faith/Oerron reach agreement
Faith Mines says it has entered into an agreement with Perron Gold Mines, a company with common management, whereby Faith can earn a 50% interest in 7 1/4 mineral claims in Chaste Twp., Que., by carry…
Rio Algom profit
Rio Algom Inc. reports consolidated net earnings of $93.1 million or $2.12 per share for the year ended Dec 31. This compares with earnings of $70.2 million or $1.58 per share realized in 1986. An ext…
Golden Star releases Guyana gold reserves
Edmonton-based Golden Star Resources has established initial reserve figures at three Guyana gold properties which are being explored in a joint venture with Giant Resources of Australia. They include…
Letters to the Editor Jobs come first
I’ve been a Cream Silver Mines shareholder for five years and I’m puzzled by the Strathcona Park (on Vancouver Island, B.C.) issue. I understand that environmentalists have protested the drilling and …
Skukum Creek to be developed by Omni and Skukum Ventures
A joint venture agreement between Omni Resources and Skukum Ventures will hasten development of the Skukum Creek gold property located in the Wheaton River area of southern Yukon. To earn a 40% intere…
Metal snips (March 14, 1988)
Total sales of potash by North American producers for all purposes (including exports) during 1987 were about 17.5 million tons containing an equivalent 10.2 million tons K203 1/20, according to the P…
Montreal Exchange: Offer reconsidered
Having second thoughts about its proposed offer to buy all of the outstanding shares of Louvem Mines it does not already own is St. Genevieve Resources of Montreal. The company, which currently owns a…
General News & Comment (March 14, 1988)
The 1988 silver commemorative dollar from the Royal Canadian Mint salutes the 250th anniversary of the Quebec-based Saint-Maurice Ironworks, Canada’s first industrial refinery, which began operating i…
Metal prices give boost to Metallgesellschaft results
Metallgesellschaft Canada Investments, a wholly-owned subsidiary of Toronto-based Metall Mining has reported substantially increased earnings for the year ended Oct 31. A dilution gain of $5.2 million…
Neptune gets feasibility
A positive feasibility study has been received by Neptune Resources for the company’s Colomac gold deposit in the Northwest Territories. The study, completed by Wright Engineers, says the Colomac coul…