Int’l Mahogany boosts earnings
Excellent results continue for International Mahogany Minerals (TSE) which reported net earnings of $3.6 million for the nine months ended Sept 30. Revenues for the period were $21.1 million while cas…
News
Minefinders drilling Greenstone property (December 04, 1989)
A 6,000-ft diamond drilling program is under way on Greenstone Resources’ (TSE) Lada property, north of the Joe Mann mine in the Chibougamau mining district of northwestern Quebec. The Lada program is…
Auction settles dispute over Saskatchewan gold deposit
Litigation has ended between Cameco, Shore Gold Fund (ASE), Golden Rule Resources (TSE), International Mahogany (TSE) and Goldsil Resources (VSE), following the completion of bidding on their Transom …
Calpine releases results of Eskay stepout drilling
Assay results were released by Calpine Resources (VSE) for 12 step-out holes completed on the 21 zone discovery at the Eskay Creek property north of Stewart, B.C. Calpine owns 50% and is operator whil…
Placer Dome gold sales up 42%
Excluding non-recurring gains, Placer Dome (TSE) reported consolidated net earnings of $90.3 million or 38 cents per share on revenues of $711.6 million for the first nine months of 1989. This compar…
Neptune, ABM merger plan gets go ahead from court
Ontario Supreme Court recently approved the proposed merger of Neptune Resources (TSE) with three other companies into a single entity controlled by Toronto-based ABM Gold (AMEX). The decision came ju…
Corona, Rayrock combine to buy U.S. Gold’s 29% stake in Dee mine
Two partners in the Dee gold mine in Nevada, Corona Corp. (TSE) and Rayrock Yellowknife Resources (TSE), have increased their interests in the project. The companies jointly purchased the 29.33% inter…
Noranda, Freewest deal done
A private placement of Freewest Resources (ME) shares with Noranda Ltd. (TSE) has closed. Noranda bought 325,000 Freewest shares at $3.50 per share. The proceeds of $1.13 million will be used by Freew…
Noranda reports further results from Glimmer bet
Noranda Inc. (TSE) has released additional results from its Beatty and Hislop twps. gold property near Matheson, Ont., held in joint venture with Glimmer Resources (VSE). Results from five holes are l…
Giant Yellowknife lowers its costs
Improved third-quarter performance of the conventional operations at Timmins, Ont., and Yellowknife, N.W.T., helped Giant Yellowknife Mines (TSE) on the balance sheet. The company reports reduced mine…
Writedowns produce red ink for Granges
Property writedowns led to a 1989 third-quarter net loss of $7.86 million or 23 cents per share for Granges Inc. (TSE), compared with a net loss of $1.17 million or 5 cents per share for the third q…
Positive feasibility study for Mazarin graphite play
A positive feasibility study has been received by Societe d’Exploration Miniere Mazarin (ME) for its Lac Knife graphite project near Fermont, Que., and the Labrador border. The project, to operate at …