News

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…

A 3,000-ft drill program is under way on Calnor Resources’ High Lake gold prospect 25 miles west of Kenora in northwestern Ontario. Drill targets were located by a comprehensive trenching and sampling…

The Canadian Mineral Industry Education Foundation is widening its horizons. For more than 20 largely-unheralded years, the industry-supported, non-profit foundation has been quietly but effectively w…