Gold continues to be the main driving force behind record levels of exploration activity being seen in Newfoundland this year. Several new and exciting gold plays have been stimulating the province’s …
After what seemed to be a long dry spell in discovery, War Eagle Mining put some zip back in the market when it reported a 275-ft interval grading 0.161 oz gold and 1.58 oz silver per ton from a depth…
La Fosse Platinum (TSE) has acquired an option on two properties in Quebec. The first was optioned from Kangeld Resources (VSE) which made a polymetallic d iscovery last summer. The Kangeld ground h…
The profits keep rolling in for Inco Ltd. (TSE), which has recorded its third consecutive record for quarterly earnings. The nickel giant reported net earnings for the third quarter of $200.3 million …
Net income of $1.3 million (9 per share) was reported by Minnova Inc. (TSE) for the first nine months of 1988, compared with $880,000 (6 per share) for the same period last year. The company attribut…
The Ptarmigan gold mine near Yellowknife, N.W.T., is proving to be a solid source of cash flow for Treminco Resources (TSE), a company managed by a board of directors almost entirely made up of former…
More encouraging results have been reported by Armistice Resources (ME) from a hole drilled between 1,500 ft and 2,100 ft at the company’s gold project near Vir- giniatown in northern Ontario. Hole 12…
Third-quarter earnings for Lac Minerals (TSE) rose by 20% compared with the same period in 1987, while 9-month earnings this year were up by 34%. Earnings for the third quarter amounted to $12.2 milli…
Magma Copper says it is reducing employment by about 7% at its San Manuel, Ariz., division and laying off approximately 200 hourly rated employees and a yet to be determined but proportionate number o…
Mining issues didn’t show much life in the COATS system this week. Tanager Resources was unchanged at 20 . The company recently announced it is negotiating joint venture financing to conduct more expl…
Drill-indicated reserves at the Dubuisson East property near Val d’Or, Que., are approaching 500,000 tons at an average grade of 0.17 oz gold per ton, Minefinders Corp. (VSE) reports. The deposit rema…
A second production decision in 1988 has been announced by Cambior Inc., this time involving the Pascalis gold project located 15 miles east of Val d’Or, Que. Full production, 35,000 oz gold per year,…
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