Mosquito gold mine may reopen
Rising gold prices could well put Mosquito Consolidated’s Mosquito Creek gold mine near Wells, B.C., back in action. An intermittent producer since it opened in 1980, the mine was closed in 1986. The …
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VSE plans to start computerized trading early in ’88
Computerized trading is coming to the Vancouver Stock Exchange early this year. The exchange started to investigate automated trading over two years ago to keep pace with rapid changes in the securiti…
Cathedral bullish on Porcher Island bet
An exploration program at Cathedral Gold Corp.’s Porcher Island property 35 miles southwest of Prince Rupert, B.C., has yielded some encouraging results. Pierre B. Lebel, president, says the recent dr…
Battle Mountain’s income soars 78%
While stressing that the figures are preliminary and unaudited, Battle Mountain Gold Co. says it expects 1987 net income to be $48 million, or 73 cents per share. That’s up 78% from the $27 million, …
Dolphin funding
Dolphin Explorations 0 3/4of Vancouver has negotiated a private placement of 109,180 flow-through shares to fund exploration work worth about $225,000 on the company’s properties. The issue price will…
DRX Inc. acquires McFinley interest
A new shareholder may soon be making its presence felt at Toronto- based McFinley Red Lake Mines. An agreement has been signed between drx Inc. of Denver, Colo., and Alexandra Mining Co. (Bermuda) whe…
High tonnage, low grade for Quartz Mountain
With 623 drill holes now complete, the latest assay results are expected to increase reserves at Quartz Mountain Gold and Galactic Resources’ 10,000-acre gold property in south-central Oregon, the par…
Skyline overcoming delays at Johnny Mtn. gold mine
Gold production at Skyline Exploration’s Johnny Mountain mine will be two months behind schedule and slightly over budget, but setbacks caused by bad weather are being overcome, President Reg Davis to…
New shareholder communication rules
New shareholder communication rules, designed to improve communication between companies and their shareholders, have been approved by the Canadian Securities Administrators. The new rules, which will…
Bulk sample test planned by Aunore, Nova Beaucage
Joint-venture partners Aunore Resources and Nova Beaucage Mines say they plan to start mining in April a bulk sample from the Elder gold property near Rouyn-Noranda, Que., and hopefully will be in pro…
ME trading in ’87 at record levels
Trading activity in the Montreal Exchange’s equity and options markets in 1987 was at record levels, the stock exchange reports. The general market portfolio index rose 3.7% compared with 1986 on a vo…
Cominco’s Red Dog to employ up to 350
When Cominco’s Red Dog mine reaches full production in the early 1990s it will provide jobs for about 300 to 350 people, according to Orbit, Cominco’s in-house publication. Although initial production…