Record production for Eastmaque
The American Girl mine near Ogilby, Calif., produced in excess of 3,300 oz. gold in March, a record month of production for joint venture partners Eastmaque Gold Mines (TSE) and Morrison Knudsen (NYSE…
News
Breakwater set to purchase Caribou lead-zinc operation
Breakwater Resources (TSE) recently took another step toward its stated goal of diversifying from gold into base metal production. Having already secured the El Mochito polymetallic mine in Honduras, …
Development under way on Santa Gertrudis placer gold property
Exploration and development is under way on the Santa Gertrudis placer gold property in Colombia, says owner Western International Explorations (COATS). Santa Gertrudis, Western International’s 90% ow…
Environmentalists dismiss profit motive as way to achieve
sustainable development…
Miners support hydro rates as long as supply reliable
Ontario mining companies are bracing themselves for hydro rate increases that could increase the cost of supplying power to their operations next year by as much as 8.6%. But after suffering an unusua…
Showdown at the VSE
You might call it “Death Wish II.” It seems like an appropriate title for the suicidal drama unfolding between two key players in British Columbia’s securities industry. The British Columbia Securitie…
Goldcorp loss
Goldcorp Investments, the Toronto-based gold fund which last year bought control of gold producer Dickenson Mines (TSE), recorded a net loss in 1989 of $3.5 million (20 cents per share) on revenue and…
Securities Commission appointment
Finance and Corporate Relations Minister Mel Courvelier recently announced the appointment of a fifth member of the British Columbia Securities Commission, Joyce Maykut, Q.C., who will act as vice-cha…
Glimmer has gold reserve estimate for Beatty claims
A preliminary estimate of gold reserves has been released by Glimmer Resources (VSE) for the company’s 40% owned joint venture project with Noranda (TSE) in Beatty and Hislop twps., near Matheson, Ont…
Sphinx, Mimiska buying copper mine in Philippines
A copper-gold-silver mine in the Philippines is being purchased by associated companies Sphinx Mining (ME) and Mimiska Mining (ME). Total sale price to Minariel International, a subsidiary of the juni…
Piedmont tallies loss for 1989
A loss of US$236,652 for the year ended Dec. 31, was reported by Piedmont Mining (NASDAQ). This compares with a loss of US$456,082 in the previous year. The relative improvement in results, despite a …
COATS (over-the-counter) Southern into Eskay
Continuing on their upward trend, shares of Southern Arizona Mining and Smelting jumped 20 cents to close at 57 cents. The company has entered into another option agreement whereby it will purchase 4….