News-in-Brief
NovaGold Resources (TSE) reports $202,242 in cash as at Aug 31. The company withdrew a public issue earlier this year due to “adverse market conditions.” The company is seeking joint venture arrangem…
News
Calpine cuts 96 ft of 0.7 oz gold
A significant new gold discovery has been made north of Stewart, B.C., by Calpine Resources (VSE), an affiliate of Vancouver-based Prime Capital. The property is 100%-owned by Consolidated Stikine S…
Weak U.S. dollar continues to hit Denison bottom line
While Denison Mines (TSE) plans to increase its uranium output to meet demand in the 1990s the company continues to suffer the effects of a weak in the United States dollar and a further drop in world…
Teck to develop Ajax orebody
Teck Corp. (TSE) has announced plans to develop its Ajax copper-gold deposit near Kamloops, B.C., about six miles from its Afton mill. Theproperty is held by Afton Operating Corp. a 73%-owned subsidia…
Preliminary Ore Reserve Released For Bellavista Project
Results of a preliminary ore reserve and open pit design study undertaken on the Bellavista gold project in Costa Rica were recently released by project operator, Rayrock Yellowknife Resources (TSE). …
Echo Bay To Develop Doc Property in Sulphurets Camp
A major work program under the direction of Echo Bay Mines (TSE) is under way at the Doc property near Stewart, B.C. Earlier this month, the major mining company was granted an option to earn a 50% wo…
Battle Mountain earnings up
Low production costs and increased gold sales were responsible for a third-quarter earnings increase of 26% compared with last year’s result s, Battle Mountain Gold (TSE) says. Third quarter net incom…
Canadian output becoming important to Bond Int’l
Canadian operations contributed a tiny but growing part of the 342,900 oz of gold produced by Bond International Gold for the company’s fiscal year ended June 30. The Golden Patricia mine, which began…
Toronto Stock Exchange Market slips in spite of gold’s breakout to
The price of gold today climbed more than $10 with New York’s Comex November contract closing at $421.80(US) and most of Toronto’s gold issues followed. But that wasn’t enough to carry the entire TSE…
Jascan and Atlantic plan amalgamation
Agreement in principle has been reached between Jascan Resources (TSE) and COATS-listed Atlantic Goldfields to an amalgamation of the two companies. An independent financial adviser will be retained t…
News in Brief (November 07, 1988)
Kam Creed Mines has amalgamated with its wholly-owned subsidiary Cuvier Mines Inc. Cuvier shareholders receive one Kam share for each two Cuvier shares.
HudBay reports lower earnings
Third-quarter net earnings of $2.1 million(C) on revenue of $88.6 million were reported by Hudson Bay Mining & Smelting (TSE) compared with $13.5 million on revenue of $80.2 million for the same perio…