Editorial No more mules, anyway
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…
News
Dickenson posts higher gains despite drop in gold output
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…
Beauchamps gets option
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…
H.W.I. arranges funding for Columbian gold mine
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…
Vancouver Stock Exchange Blue chips draw away from pennies
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 …
Gibraltar reports profits for first time since 1980
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 $…
Catear’s Goldwedge property slated for production late ’88
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 …
New lease on life for New Kelore
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…
Alberta Stock Exchange Investors in mood
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…
In the black, Royex plans more exploration activity
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…
Editorial Never mind the subs, let’s get mines
Assuming the current high rates of growth in this country continue, the federal government will be “within shooting distance” of a balanced budget by the mid-1990s, Finance Minister Michael Wilson tol…
Radcliffe gets assays from North Lake drill
Encouraging assays are reported from the first hole of a 10-hole program on Radcliffe Resources’ North Lake prospect in the La Ronge district of Saskatchewan. The hole had four 6-ft intersections grad…