Goldpost, Mining Corp. finalize Hislop sale
An agreement has been finalized between Goldpost Resources (TSE) and Mining Corp. of Canada for the sale of Goldpost’s Hislop West gold property in northern Ontario. Situated east of Timmins in Hislop…
News
Minorco rumor follows heavy trading in LAC
Speculation that Minorco, the Luxembourg-based mining house, is accumulating shares of LAC Minerals (TSE) in a takeover bid, has sparked a wave of buying in the latter company’s shares on The Toronto …
Audrey financials reflect Mobrun ore
Audrey Resources (TSE) of Rouyn-Noranda, Que., reported net income of $1.03 million or 10 cents per share for the nine months ended Sept 30, compared with $602,880 or 7 cents per share for the same …
Moss Res. named after Moss’ McKelvey
In your edition of Oct 2, 1989, you ran an interesting article regarding the derivation of names of a number of junior resource companies. Included was the name of Moss Resources whose origin was attr…
Durga President deals Allan bet to own company
Calgary-based Durga Resources (ASE) recently agreed to acquire from President Jasi Nikhanj, a Northwest Territories gold prospect which was optioned recently by Noranda Exploration. Situated 60 miles …
NDU ups reserves at Marg property
Recent drilling increased reserves on the Marg property, owned 66.7% by NDU Resources (VSE) and 33.3% by Cameco. The latter company is owned by the federal and Saskatchewan governments. The deposit, i…
Earnings jump for Equity Silver
Increased production and lower production costs boosted earnings for Equity Silver (TSE) for the nine months ended Sept 30. Earnings reached $12.4 million or 38 cents per share on revenues of $69 m…
Gold mining in Nova Scotia hinges on success at Orex
Westminer (Canada) may have made a strategic error when they abruptly dropped an option on the Logan gold property here in November, 1988. Their sudden departure, after spending $5 million on drifting…
Bitech exploring Rogues Harbour bet
Toronto-based Bitech Corp. (TSE) has reported preliminary assay results from reconnaissance sampling on its Rogues Harbour property in the Betts Cove area of Newfoundland. Bitech says it has encounter…
Hecla losses continue
Low gold and silver prices were blamed for recent losses at Hecla Mining (NYSE). The company reported a third-quarter loss of $3.5 million(US), citing start-up expenses at the Greens Creek mine in Ala…
Swansea Gold acquired by Australian company
Control of Swansea Gold Mines (COATS), an inactive company, has been acquired by Australian gold producer Sandhurst Mining NL of Sydney. New officers have been appointed to Swansea’s board of director…
Second reading for Mining Act
A bill to amend Ontario’s 83-year-old Mining Act passed second read ing in the province’s Legislature this week and moved another step closer to implementation. The second reading stage generally sign…