Malartic Hygrade has lower earnings
Malartic Hygrade Gold Mines reports net earnings for the 9-month period ended Sept 30 of $1,447,694 or 41 cents per share compared to $1,553,770, or 44 cents per share, for the same period in 1985. …
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Better encouraged by drill results
Drilling is continuing at Better Resources’ Mt. Washington gold property on Vancouver Island and the results are proving to be quite encouraging. Two drills are operating there and some good gold valu…
Alberta Stock Exchange: Pennant Pacific best gainer
Wednesday close, Nov 12 The largest gain for the week was made by Pennant Pacific Resources, the foreign controlled junior which is getting into gold mining. The company, which added $1.50 on the week…
Bechtel hopeful for Hope Brook
Fighting the remote, harsh Newfoundland environment and a tight schedule, Bechtel Canada Engineers says it is determined to see the Hope Brook Gold project brought into initial production in just over…
Yorbeau Resources has raised $7.5 million by selling 3,250,000
77 cents each and 3,125,000 receipts for $1.60 each. Each unit consists of one common share and one-half a share purchase warrant. The receipts entitle the holders to one flow-through share for explo…
Montreal Exchange: New resource listings fuel market
Wednesday close, Nov 12 New listings are powering the Montreal Exchange to one of its best years ever. About one-third of more than 100 new listings on the exchange so far this year are resource compa…
Metals Report: Labor relations seen improving
Labor relations in the mining industry are changing dramatically in the 1980s, largely a result of the changing economics of the industry. The 3-month old strike at Noranda’s Canadian Electrolytic Zin…
MacMillan, Granges discover new zone at Mishibishu Lake
New assays from the joint venture of Granges Exploration and MacMillan Energy indicate an extension of a known gold zone to the east and to the north on the Mishi project at Mishibishu Lake in norther…
Tillicum Gold Mines has completed a private placement for 415,000
at a price of 30 cents per share, with non-transferrable share purchase warrants, entitling the placees to purcahse up to 415,000 shares at a price of 40 cents per share for a 12-month period. This …
Obituary: Lyle Smith
A long-time prospector and mining entrepreneur, Lyle F . Smith, has d ied at the age of 65, at his home in Killaloe, Ont. Mr Smith was particularly active throughout his career in northern Ontario and…
Catear gold values at Sulphurets claims
Several high grade gold intersections have been pulled by Catear Resources from the company’s Sulphurets area property in B.C. The drilling tested a section of a 40-ft-wide alteration zone striking fo…
Editorial: The vicars of Gaud
There are strange things done in the Midnight sun by the men who toil for gold, but the strangest thing I ever did see was Noreen Stevens’ Christ gold coin. That famous bard of the North, Robert Ser…