MFC earnings
MFC Mining Finance Corp. reports first quarter consolidated cash flow of $4 million, and consolidated net earnings of $717,730. Working capital increased during the period by $2,500,000 to $12,900,000…
News
Sikaman builds reserves on Ghana bet
Reserves in the Bogosu concession in Ghana have been increased by equal partners Sikaman Gold Resources and Denison Mines, Sikaman President A. T. Griffis says. An exploration program, under way since…
Record Trout Lake production boosts Manitoba balance sheet
Record production from Manitoba Mineral Resources’ Trout Lake mine and a reduction in exploration expenses during l986, necessitated a splash of black ink on the company’s balance sheet. The Manitoba …
Road extension to benefit Toodoggone
The decision by Cheni Gold Mines (formerly Serem) to develop its Lawyers property north of Smithers, B.C., should benefit other operators in the region. While the exact impact is difficult to quantify…
Underground program likely on Mooseland bet in N.S.
The log-jam of assay results in Atlantic Canada has been broken. Tse-listed Acadia Mineral Ventures has received encouraging assay results from 32 of 51 holes drilled on its Mooseland property in Nova…
Strong sections drilled at Teck/Tundra’s Lamaque
Underground drilling by partners Teck Corp. and Tundra Gold Mines on property near the closed Lamaque mine at Val d’Or, Que., has intersected several strongly mineralized sections. Hole 13804, drilled…
People (June 15, 1987)
Northair Mines — H. G. Ewanchuk appointed to the board of directors.
Dejour, Canacord exploration pact
Dejour Mines and Canacord Resources report they have an agreement for exploration of Dejour’s claim block in Poirier, Que., and surrounding townships. Under the agreement, Canacord can earn up to a 45…
Juniors are the backbone of the mining industry
Mighty oaks from little acorns grow. Very broadly, that well-known phrase sums up the importance to the Canadian mining industry of its junior mining sector — that large group of small companies that…
Future of flow-through financing rests with federal finance
By the time you read this, a nerve-racking chapter in Canadian mining history will have reached its climax. For many in the industry, expecially i the junior sector, June 18, 1987, will be remembered …
Troymin to drill
Troymin Resources reports it plans a drill program starting this month on its silver-gold prospect in northeastern Nevada. The company says it will consist of 1,500 ft of drilling to evaluate the pote…
Tex changes name, raises financing
Alberta-listed Orex Resources has raised $310,000 in a rights offering and intends to raise $1 million more in an exchange offering this month. The money will be used to finance work on three interest…