News

New drill program started at Douay by Inco, partners

A new 2-phase drilling program is under way on the Douay gold property in Quebec’s Casa Berardi area by project partners Inco, Societe d’Exploration Miniere Vior (ME) and Cambior (TSE). The trio recen…


Rayrock earnings cut in half

Rayrock Yellowknife Resources (TSE) reported net earnings of $3.2 million (32 cents per share) for 1989, compared with $6.6 million (68 cents per share) in 1988. Operating funds increased to $9.3 mill…



Abcourt, Val d’Or in property deal

An option to purchase, for $1.5 million, the 50% interest of Mines Abcourt (ME) in the Bardome (Vendome) zinc property in Quebec’s Fiedmont and Barraute twps. has been granted Ressources Val d’Or (ME)…


NO HEADLINE (March 19, 1990)

TEXT: New realities in Latin America, including the recent election of civilian governments in Chile and Brazil, could help create new opportunities for Canadian mining companies. “Latin America is a…


Labor dispute hurts Rio Algom’s earnings

The loss of ore production during a labor dispute at the Highland Valley copper mining operation in British Columbia last year resulted in reduced annual earnings for Rio Algom (TSE). For the year end…


Trying to control the price of metals

I read recently the Soviet government had raised the ruble price of all gold jewelry by 50% in order to discourage speculation against the ruble. Apparently the more prosperous, hard-working Soviet ci…



Bond completes 11 holes on Magpy bet

The best assay result from an 11-hole drill program completed recently by Bond International Gold (TSE) on Registry Resources’ (COATS) Magpy property near Pickle Lake, Ont., was 0.32 oz. gold per ton …



Galactic to develop new mine

March has indeed come in like a lion for Galactic Resources (TSE). In the space of one week, the company announced a substantial increase in annual earnings, the sale of the bulk of its interest in a …


Coxheath has proposal to save Tangier mine

A payment proposal offered to creditors of the cash-strapped Coxheath Gold Holdings (TSE) may allow the company to recommence production at its Tangier gold mine in Nova Scotia. The terms of the propo…


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