Gold output up at Sonora’s Jamestown
Some of the operating problems experienced by Sonora Gold (TSE) at its Jamestown gold mine in California appear to have been overcome, as evidenced in the company’s recent third-quarter report. Produc…
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Vista Mines bankrupt
Vista Mines (TSE) has declared bankruptcy. The company will be sharing the fate of its predecessor, which failed in 1984 after building a small 125-ton-per-day mill known as the Rio gold mine near Cre…
Northfield, Rockford plan $4-m Larder Lake program
Northfield Minerals (ASE) and its 37% owned affiliate Rockford Minerals (TSE) are preparing to take another look at their Larder Lake, Ont., gold project now that they are about to become the property…
Green light for Oracle Ridge
The Oracle Ridge copper-silver project near Tucson, Ariz., is slated to become the first producer for Vancouver- based South Atlantic Ventures (VSE). Before making its positive production decision, th…
Letters to the Editor Westfield shareholders seek OSC review
We write to express, in some small degree, our collective anger, frustration and dismay at the appalling manner in which the mining assets of Westfield were recently appropriated by Northgate in a dea…
Writedown adds to Belmoral loss
A third-quarter net loss of $16 million (41 cents share) was reported by Belmoral Mines (TSE) on revenue of $3.5 million, the loss including a writedown of $15.7 million. For the same three months in …
Bank commodity index at virtual standstill
Seasonal strength in energy and agricultural prices in October offset declining metals and forest products, resulting in a slight increase in its all-commodity price index, Scotiabank reports. The all…
Montreal Exchange: Graphite partner
Light-to-moderate, mixed trading featuring a 41.5-point tumble in the mining and minerals index marked share activity for the week ended Dec 5. The market portfolio finished ahead almost 15 points on …
Agnico-Eagle loss due to gold price
A third-quarter loss reported recently by Agnico-Eagle Mines (TSE) was due largely to subdued gold and silver prices, the company said. Net losses for the three months ended Sept 30 were $114,000 or 1…
Western D’Eldona active in junior oil and gas sector
In June, 1988, I bought 2,000 shares of Western D’Eldona Resources, and I would like to obtain some information on the current status of this company. N.P., Halifax, N.S. The company in which you hold…
Vancouver Market Exchange Calpine stumbles, Prime holds steady
The recent pullback in gold prices to just above $400 has not helped the Vancouver market index, shedding 25 points over the week to the 695 level at noon today, Dec 6. Market sentiment seems to see t…
Where does this leave Asamera shareholders?
The proposed purchase of substantially all the assets of Asamera Minerals (TSE) by Corona Corp. (TSE) in exchange for 10 million shares of Corona appears to have left minority shareholders out in the …