Increased capacity at the Omai gold mine in Guyana and improved prices for zinc in the first half of 1997 combined to increase net earnings at Cambior (CJB-T) to US$3.3 million, compared with US$2.1 m…
Major General Resources (MGJ-V) is set to begin drilling on the Olympic copper property, situated north of Dawson City, Y.T.The program will test a series of chargeability zones hosted in an iron-rich…
Drilling by Fortune Minerals (FORM-C) has expanded known mineralization at the Nico property, 170 km northwest of Yellowknife, N.W.T.The new drilling, in the south-central part of the property’s Bowl …
Low prices present challenges for any gold producer, but companies with low-grade operations are often hardest-hit by weakening prices for the precious yellow metal.Pegasus Gold (PGU-T), which operate…
Blaming a change in market sentiment for gold, Eldorado Gold (eld-t) has opted not to proceed with the proposed US$193.6-million acquisition of two operating gold mines and nine exploration projects i…
A licence issued by the Yukon Water Board will enable United Keno Hill Mines (UKH-T) to move forward with plans to resume production at its namesake silver-lead-zinc mine there.The permit has been for…
BASE METALS (London Metal Exchange – Midday bid/ask prices in US$ per tonne)DateAug. 19Aug. 18Aug. 15Aug. 14A…
Aluminium: LME settlements US$1,711 per tonne, alloy $1,475 per tonne (Aug.19/97).Antimony: Composite free market, US$1,890 per tonne (Aug. 18/97).Bismuth: Composite free market US$3.60 per lb. (Aug. …
Drilling by Quest International Resources (qix-t) has increased the resource of the Horseshoe gold zone at Damoti Lake in the Northwest Territories.The new resource is estimated at 606,000 tons gradin…
3 months ended June 3019971996Revenue$3,710N-ANet earnings (loss)(2,672)(959)per share(0.04)(0.02)6 months ended June 3019971996Revenue$7,933$111Net earnings (loss)(2,285)(1,689)per shar…
The deal is off between Petro Plus (PPV.A-A) and the owners of the Blackdome mine project, a former gold producer near Clinton, B.C.Petro Plus defaulted in making two payments totalling $1.4 million a…
Work by Cartaway Resources (CWA-A) at its Cirque and BR-E projects in Labrador will resume once the company completes a rights offering worth $1.9 million. The properties lie within a 90-km radius of …
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