Dayton issue active on Chile bet results
Shares of Dayton Developments (TSE) were active this week, as the latest results from a feasibility study at the wholly owned Andacollo gold project in Chile were released to the public. Dayton shares…
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Breakwater confident about long-term goals
Despite recent setbacks, Breakwater Resources (TSE) believes its ability to produce low-cost, “clean” concentrates will secure its position as significant international zinc producer in the long term….
Muscocho, Flanagan file creditor plans
Toronto-based Muscocho Explorations (TSE) and Flanagan McAdam Resources (TSE) have both filed a plan of arrangement under the Companies’ Creditors Arrangement Act, following orders from the Ontario Co…
Sale keeps Galactic in black
Despite a third-quarter loss of US$3.2 million, Galactic Resources (TSE) reported net income of US$3.68 million for the nine months ended Sept. 30. The 9-month results were boosted by an extraordinary…
Metals prices weaken bank commodity index
A drop of 3% in October from the preceding month was reported by Scotiabank for its all-commodity price index. Contributing to the decease was a 6% tumble in October in metals prices. “Base metal pric…
Aur says Louvicourt will cost less than $200 million
Aur Resources (TSE) Vice- President Howard Stockford says he expects to have a conceptual plan for mining the company’s 55% owned Louvicourt Twp. copper-zinc deposit in hand by Christmas. With 12 dril…
Trimin future uncertain after Hanson Lake deal closes
Billiton Resources Canada (TSE) has completed the purchase of Trimin Resources’ (TSE) 32.9% interest in the Hanson Lake project near Flin Flon, Man. Billiton, which paid $17.5 million for Trimin’s sta…
Canhorn planning quartz sampling
Toronto-based Canhorn Mining (TSE) is planning to extract a 5,000-tonne bulk sample from an abandoned silica quarry at Chegoggin Point, N.S., in the Yarmouth area. A drilling program to determine the …
Crown breaks even
A third- quarter loss of US$7,000 brings Crown Resources (VSE) to the break-even point for the three months ended Sept. 30. Net income for the first nine months of 1990 was US$2.2 million compared to …
Noranda continues to pull gold values at Moss Lake
Drill results from the Moss Lake joint venture west of Thunder Bay, Ont., continue to confirm the presence of a large low-grade mineralized zone on the property. The latest assay results, derived from…
Japanese backers revive plan to open Goldstream
Production financing for the Goldstream copper- zinc mine near Revelstoke, B.C., is finally within reach of partners Bethlehem Resources (TSE) and Goldnev Resources (VSE). Two Japanese companies, Nipp…
Permitting under way for Goldstake project
The Whitewood Creek gold tailings project near the Black Hills of South Dakota is in the initial stages of mine permitting, Goldstake Explorations (TSE) reports. Goldstake’s joint venture partner in t…