Hope Brook has profit
Hope Brook Gold realized earnings of $149,000 or 1 cents per share for the 3-month period ended Oct 31. Although gold production from the company’s Hope Brook gold mine in Newfoundland began in August…
News
Toronto Stock Exchange Large swings in golds, underlie market
The triple whammy of crashing oil prices, a crumbling U.S. dollar and profit-taking by gold bullion investors, took their toll on the Toronto Stock Exchange this week. More than ever, the rapid collap…
Lacana expects 50,000 oz a year from Santa Fe
Production from Lacana Mining’s 100%-owned Santa Fe gold property about 32 miles east of Hawthorne, Nev., is expected to begin in September, 1988. The open pit, heap leach operation is expected to tur…
Underground at Detour
After a brief but troubled open-pit phase, the Detour Lake mine in northern Ontario is pulling up gold from underground. Figuratively speaking at least, things look brighter from below the surface. …
Mercury ready to stage comeback
After a long period of declining consumption, mercury may be in for a reversal in fortunes. London- based Roskill reports it sees the prospect of a plateau in demand for the mineral in the U.S. and a …
Nickel prices top $3
Buoyed by an increase in stainless steel production and a shortage on the supply side, nickel this month saw its price top the $3(US) per lb mark. It has been a remarkable recovery for the base metal,…
Anchor/Greenstone in Colombia joint venture
A joint venture agreement between Anchor Gold and Greenstone Resources will fund exploration work on Anchor’s Payan placer gold project on the Magui River in southern Colombia. Under the agreement, bo…
Geddes nearing completion of adit at Windy Craggy
Geddes Resources reports it is about three-quarters of the way along in an adit it is driving to explore the gold zone at its Windy Craggy copper-gold-cobalt-zinc project in northwestern British Colum…
St. Genevieve funding (December 21, 1987)
Montreal-based St. Genevieve Resources has entered into an exploration financing agreement with Excan Mining Management Ltd. whereby Excan will provide a minimum of $575,000 and a maximum of $3 millio…
Levon finds high grade gold on Oil prospect
Vancouver-based Levon Resources says it has encountered high grade gold at its Love Oil joint venture property 100 miles north of Vancouver in the Bridge River Valley which adjoins the former Bralorne…
HAIME meetings
Three industry leaders will discuss the technology of profitability at the 117th annual meeting of the American Institute of Mining, Metallurgical and Petroleum Engineers (aime) set for Jan 25, 1988, …
Black Swan plans major program in Queensland
A major underground program is planned at Black Swan Gold Mines’ Merriland project in Queensland, Australia. In the past two years drilling has outlined a reserve of 110,000 tons grading 0.35 oz gold …