Hecla posts loss of $2.5 million
A net loss of $2.5 million or 9 cents per share was reported by Hecla Mining (NYSE) in the first quarter. This compares to earnings of $4.9 million or 18 cents for the same period last year. Produc…
News
New reserves are discovered by Rouyn, LAC
New reserves have been discovered at the No 6 shaft of the Francoeur property near Rouyn-Noranda, Que., from recent exploration work on the 10th and 11th levels, Rouyn Mining Resources (TSE) reports. …
Letter to the Editor Geophysics industry can help protect Canada’s
We in the mining industry have a direct stake in the protection of our Arctic islands from challenges to our sovereignty. We should, therefore, view with alarm the decision against nuclear submarines….
Precious metal values intersected by Noront
Noront Resources (VSE) says recent drilling has intersected significant gold values on its Chisholm Island property in northwestern Ontario. The property, under option from Noranda Exploration, is sit…
`Death of Mining’ excluded highly profitable Cominco
Publishers are sometimes prone to overstatement as evidenced by “The Death of Mining” cover on the December 1984 edition of Business Week, a leading United States financial publication. That cover sto…
Inca considering production at Rich Gulch
After spending a further $560,000 at the Rich Gulch project last year, Inca Resources (TSE) is looking closely at this California gold project as a possible producer. Inca is 20.5% owned by ABM Gold C…
Minnova drops lawsuit against Pacific Minesearch
Legal action initiated by Minnova Inc. (TSE) against Pacific Minesearch (VSE) was dropped as the two companies worked out a mutually accept able joint venture agreement on the Victory project near Bar…
Vancouver Stock Exchange VSE officials riled by `bad press’
A scathing blanket condemnation of the Vancouver Stock Exchange by two respected American business publications has raised the ire of listed company officials, the local investment community, and even…
Porcupine discovery began Canada’s biggest gold camp
Eighty years after its discovery, the Porcupine gold mining camp near Timmins, Ont., is still going strong. Although now surpassed by the Hemlo gold fields as Canada’s largest annual gold producer, th…
Seabright open pit
Mining from the first bench of the Touquoy open pit has removed 27,000 tonnes of rock grading 1 g gold per tonne (0.029 oz gold per ton) Seabright Explorations (TSE) says. The Touquoy property is in N…
People (May 22, 1989)
METALLGESELLSCHAFT AG — Dr. Heinz Schimmelbusch appointed chief executive officer and will be based in Frankfurt, West Germany.
April spectacular month for Jolu mine
The production performance of the Jolu mine in Saskatchewan was impressive in March. In April it was spectacular. Jolu turned out 7,466 oz of gold in April, a 29% increase from the 5,775 oz produced i…