Despite a work interruption at the Little Bald Mountain mine in Nevada, higher gold prices enabled Ireland-based Ennex International to report a slight increase over 1986 revenues. Ennex holds a 22% i…
Bachelor Lake Gold — Quebec Sturgeon bought 25,000 to hold 3,866,666. Brenda — Noranda bought (private) 29,478 to hold 2,340,020. Canadex — J. Riddell bought 60,000 to hold 152,000. Carolin — J. B…
Three related companies in the energy and mineral resources industries reported healthy profits for 1987. Conwest Exploration (TSE) recorded net income of $33.9 million ($3.01 per share) compared with…
Early results from a 33,500-ton bulk sample at the Francoeur gold property near Rouyn-Noranda, Que., have partners Rouyn Mining Resources and Lac Minerals excited. The bulk sample should be finished b…
Ongoing underground exploration is boosting reserves at Gunsteel Resources’ (VSE) Nugget property near Salmo, B.C. Latest calculations show a total of 223,700 tons of ore grading 0.331 oz gold per ton…
While it has yet to come up with a viable gold deposit, Bow Valley Industries (TSE) spent $1.7 million last year on a number of exploration projects. In a bid to add a gold production wing to its oil …
Gold production is expected to total 90,000 oz at Sonora Gold Corp.’s Jamestown operation in California this year. The mine, which is operating at 6,000 tons per day, is producing 7,500 oz of gold per…
Eleven years ago a significant gold discovery was made near Quesnel, B.C., which later became known as the QR deposit. Dome Exploration, which has since been absorbed into Placer Dome (TSE), evaluated…
Toronto-based Orofino Resources (TSE) is making signficant progress on a couple of gold properties in north and northwestern Ontario, the company said recently. An 18-hole drill program at Orofino’s J…
An agreement has been worked out between NLX Resources (TSE) and Sandy K. Mines, a private company, whereby NLX will acquire 100% of the issued and outstanding shares of the latter in return for 6.7 m…
Canadian gold reserves — the gold content of proven and probable ore in all operating mines and deposits committed for production — have doubled since 1981 according to Energy, Mines and Resources, …
Toronto Futures Exchange — Tristram S. Lett appointed to the board of governors.
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