Equity agreement
Equity Silver Mines of Vancouver reports it has entered into an agreement with Nim and Co., Ltd. Partnership — 1987 under which Equity will obtain up to $5 million in exchange for issuing up to 422,7…
News
Alberta Stock exchange Gold issues surge
Junior gold issues bounced back with strengthening gold prices. One of the best gainers continued to be Monte Carlo Resources which added another 85 cents to $2.80 — that’s up $1.80 in three weeks. …
Government is the enemy
Your recent edition which contained two editorials, one attacking government, (justifiably), for wasting billions of dollars, and one praising government for creating certain educational centres, is a…
Atlantic Report Mining means more than gold
Industrial minerals, say Dr Richard Potter, in charge of mineral resources promotion in the province’s department of mines and energy, and John Fowler, senior industrial minerals geologist with the de…
Toronto-listed Vestgron active concern once again
There’s no denying that Vestgron Mines has had its share of ups and downs over the past year, but now that this Toronto-listed company has been acquired by a private Halifax-based investment company, …
Missanabie area could host half a dozen producers
Gold exploration areas in Ontario that have been known for years keep coming up with surprises and the potential for more and better mines. Hemlo was worked over pretty well before International Coron…
Platinova/ Cominco in U.S. gold play
Platinova Resources, a private company which is a wholly-owned subsidiary of Toronto-listed Black Hawk Mining has entered into an agreement with Cominco American, a wholly-owned subsidiary of Cominco …
Abitibi seeking $7 million
An underground exploration program budgeted at $7.1 million, has been proposed for Abitibi Resources, Bevcon-Buffadison property near Val d’Or, Que. Abitibi and affiliate company Mid-Canada Gold & Cop…
Funds committed
Perrex Resources says it expects to spend most of its exploration funds — $2 million this year and $1 million in 1988 — in the Harker Holloway gold camp area in northeastern Ontario, on its property…
Gunsteel reserves up at B.C. Nugget mine
Underground development work and diamond drilling have boosted reserves at Gunsteel Resources’ Nugget mine property in southeastern B.C. closer to the desired threshold for production. The company’s i…
Ateba major player in Beardmore camp
Reactivated under well-known mining engineer Peter Howe, Alberta-listed Ateba Mines is making its mark in the Beardmore camp of Ontario, having optioned or acquired in that camp about 20 km of contigu…
MFC Mining Finance Corp.
MFC Mining Finance Corp. recorded a net income of $3,554,230 (29 cents per share) from revenues of $24,635,111 for 1986. Consolidated cash flow from operations amounted to $11,791,735 (96 cents per s…