News

Your Nov 30 issue contained an article on the results of an exploration program by St. Joe Gold in the Shoal Lake area of northwestern Ontario, (St. Joe has reserves on Kenora property). While we cong…

Good news travels fast, as Vassan Resources of Val d’Or, Que., can attest. The junior mining company traded a respectable 368,200 shares this week on encouraging preliminary drill results from its gol…

A record- breaking gold production year for Queenstake Resources boosted 9-month net profits to $196,942 on revenues of $4.3 million. This compares with a loss of $434,114 on revenues of $1.5 million …

Reclamation work and costs of closing down its Bullmoose project near Yellowknife resulted in a third-quarter loss for Terra Mines of $1.1 million on revenues of $46,000. This compares with a profit o…

While Canadian gold stocks continue to recover from Black Monday, the Oct 19 stock market debacle is still playing havoc with the plans of some junior exploration companies. Toronto-based Northfield C…

Shortly after acquiring the Winter Lake claim group 150 miles north of Yellowknife in the North West Territories, partners Gunnar Gold and Mill City Gold are conducting an airborne geophysical survey …

For the 9-month period ended Sept. 30, Consolidated Brinco realized net earnings of $1.23 million or 7 cents per share. This compares with earnings of $946,000 or 3 cents per share realized in the c…

The Winston Lake zinc-copper-silver-gold deposit, near Schreiber in northwestern Ontario, has become the focus of a lawsuit. Toronto-based Zenmac Zinc launched a legal action in November with the Su…

Preferred shareholders of beleagured Potash Co. of America, who paid $25 for their shares in July, 1984, will vote Dec 14 on whether or not to accept the latest takeover bid from Rio Algom. The divers…

Net income of Imperial Metals rose in the six months ended Sept 30 to $611,000 on revenue of $1.6 million, compared to income of $58,000 on revenue of $1.2 million in 1986. Income for the second quart…

Shareholders at Teck Corp.’s annual meeting in January will be asked to approve plans to split its Class A and B shares on a two-for-one basis. Teck claims that with the increase in market price for i…

Edmonton-based Echo Bay Mines, which four years ago produced just 118,000 oz of the yellow metal, plans to pour 550,000 oz next year and is shooting for 700,000 oz in 1989. This incredible growth rate…