The past year has been an exciting one for Equinox Resources. Cash flow from the Buckhorn mine enabled an 11- month payback on the company’s $1.7 million(US) acquisition cost. A gold discovery at Buck…
ALUMINUM: MW U.S. Market 92.00 cents -94.00 cents per lb. (Feb 4, 1988). ANTIMONY: New York dealer $1.14-$1.18 per lb. (Jan 14, 1988). BISMUTH: New York dealer $5.10-$5.30 per lb. (Jan 28, 1988). CADM…
The other day a large ad appeared in a major Canadian daily newspaper portraying a “prospector” (it was actually an ad for a computer firm) with all the usual visual cliches — a grizzled, bearded, ro…
Net earnings in 1987 for Dickenson Mines, which operates the Arthur W. White gold mine in northwestern Ontario, were $6.4 million (44 cents per share), compared with $4.59 million (39 cents per shar…
An option has been acquired by Beauchamps Exploration from Falconbridge Ltd. on a property located in Bourlamaque Twp. near Val d’Or, Que. Known as the Callahan property, the claims cover an 800-ft-wi…
Alberta-listed H.W.I. Industries says it has entered an agreement with Ironwood Investments International of Vancouver to arrange a $700,000 bridge loan for work on a South American placer mine. Accor…
Although volume in Vancouver is still quite respectable, trading ranges for stocks have been fairly narrow, with a few exceptions. Not surprisingly, last year’s market crash has made it difficult for …
1987 was a profitable year for Gibraltar Mines, its first since metal prices fell in 1980. Earnings rose to $4,251,000 or 35 cents per share on revenues of $73,929,000. This compares with a loss of $…
Calgary-based Catear Resources is aiming for full production late in 1988 at its Gold- wedge property, 35 miles northeast of Stewart, B.C. Work has started on a 120-ton mill. Building construction is …
Dormant for a period of time prior to 1987, Toronto-based New Kelore Mines is getting a new lease on life. Speaking at the annual meeting attended by two registered shareholders, President Stephen Cas…
After a period of low trading activity, investors were back in a buying mood this week. Large blocks of the Jen-Tek Energy and Exploration, Frost Resources and Seadrift International crossed the floor…
Solid financially after recording a profitable year in fiscal 1987, Royex Gold Mining is planning to beef up its exploration side and that of its associated companies. Addressing the topic of explorat…
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