NEWS ROUNDUP — Royal Oak boosts earnings
Second-quarter earnings of Royal Oak Mines (TSE) increased to $2.9 million this year from $740,000 in the same period a year ago. The company produced 70,369 oz. gold at a cash cost of US$311 per oz. …
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Gold intersected at Glen Auden’s bet
Encouraging gold values have been returned from three holes on Glen Auden Resources’ (CDN) Sewell-Reeve property, southwest of Timmins, Ont. The holes, drilled by Hemlo Gold Mines (TSE), cut a wide se…
STOCK MARKETS — Summer slowdown continues on western market
With little news from the diamond exploration front and gold drifting just above the US$370 level, market action on the Vancouver Stock Exchange remained relatively quiet. For the report period ended …
GSC releases Prairie kimberlite data
Prairie Kimberlite Study — Soil and Till Geochemistry and Mineralogy, Low-density Orientation Survey Traverses, Winnipeg-Calgary-Edmonton-Winnipeg, 1991, Geological Survey of Canada Open File 2685, b…
PEOPLE — OROFINO RESOURCES
James Dunnett appointed director.
PEOPLE — GRANBY RESOURCES
Richard Bullock appointed director.
PEOPLE — MORTLOCK RESOURCE
Frederick Sharp appointed acting president; David Anfield appointed director.
PEOPLE — ATTWOOD GOLD (August 30, 1993)
Estella Lo appointed director.
It’s official: Joutel inks Cuban deal
After 16 months of detailed evaluations and negotiations, Toronto-based junior Joutel Resources (TSE) has signed 11 exploration agreements with the Cuban government. he agreements give Joutel the excl…
Tulsequah drilling returns values
Underground drilling at the Tulsequah Chief property in northwestern British Columbia has returned several encouraging intersections. Owner Redfern Resources (TSE) is working to expand and upgrade res…
Bre-X continues Indonesian focus
Having focused on Indonesia for the past six months, Bre-X Minerals (ASE) has drill programs lined up for the fall on two advanced projects in the Asian archipelago. In mid-August, the junior signed a…
Gibraltar funding
Following up previously announced expansion plans, Gibraltar Mines (TSE) has entered an underwriting agreement to raise $40 million. In a “bought deal,” brokers Midland Walwyn Capital, Wood Gundy and …