Mining companies need to almost double the money they now spend on research and development, says Henry Brehaut, senior vice-president operations at Placer Dome. Speaking at the opening session of the…
Drilling results confirm the growing significance of the zinc deposit hosted in two horizons at the Grevet M property in the Matagami area of northwestern Quebec, VSM Exploration (ME) reports. The com…
With a large and diversified exploration portfolio, a bulging treasury ($47.5 million cash), with production, revenues and profits all on an upswing, this should be an exciting year for Rayrock Yellow…
BGR Goldcorp Central MVP Capital Net value $11.93 % 7.81 % 6.43% 0.68% Price $ 9.25 % 4.75 % 5.75% 0.42% Discount $22.46% 39.2 % 10.6% …
Just over two years ago, Coeur d’Alene Mines (Amex) was struggling to survive as a silver producer. Silver is described as the “poor man’s gold” and, not surprisingly, many companies still manage to s…
Conwest Exploration (TSE) reports net earnings of $7 million in the first quarter of 1989 or 54 cents per share. That’s up from the first quarter of 1988 when net earnings were $4.3 million, or 35 ce…
Borealis — R. & Ch Cox bought 101,900 (Mar.) @ $2.20, sold 16,350 @ $2.75 to hold 325,403. Colony Pacific — P. Geib bought 39,500 (Mar.) @ 95 cents to hold 303,500. Cons. Norex — Graymont Ltd. bou…
The Donalda gold project near Rouyn-Noranda, Que., is to undergo a feasibility study this year following completion in August of an underground exploration program, including a mill test on a 28,000-t…
RIO ALGOM — R. W. Ballmer appointed vice-chairman and chief executive officer; C. A. Macaulay, director.
By stepping up production and reducing costs at its Nevada gold mining operations, FMC Gold Company (NYSE) was able to increase its first-quarter earnings by 3% over the comparable period in 1988. The…
Greater Lenora Resources (TSE) of Toronto has announced plans to sell its 35% interest in properties in northeastern Ontario to joint partner American Barrick (TSE). American Barrick will pay $1.6 mil…
We have found an error in your article entitled “Placer mines profitable despite unique problems” (N.M., Mar 27/89). You state that some 234 operations extracted 16,000 oz gold. This, in fact, should …
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