Golden Knight posts $56.1-Million loss for 1996
The $58.8-Million writedown of its 40% carried interest in the Casa Berardi joint venture resulted in a loss of $56.1 million for Golden Knight Resources (GKR-T) in 1996.The loss is considerably great…
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Noranda plans spending spree
Diversified major Noranda (NOR-T) plans to keep busy this year spending the money it had expected would be required for two acquisitions, which never materialized.Noranda unsuccessfully bid for the An…
Denison records first-quarter profit
Uranium and oil producer Denison Mines (DEN-T) earned $7.6 million (or 2 cents per share) on revenue of $20.4 million for the quarter ended March 1, compared with $3.2 million (1 cents per share) on $…
PEOPLE — PACIFIC RIM (May 19, 1997)
Thomas Shrake appointed chief executive officer.
ODDS ‘N’ SODS — Eldorado the beautiful, Part 2
Between early February and late June of 1939, Canadian artist and Group of Seven member Franz Johnston completed more than 100 paintings and dozens of pencil and pastel sketches at the Eldorado mine, …
PEOPLE — ORO BELLE — James Kelly and Michael Halvorson appointed directors.
Inter-Rock boosts reserves at Daisy mine
Successful bio-oxidation testwork on sulphide mineralization at the open-pit Daisy mine in Beatty, Nev., has enabled Toronto-based Inter-Rock Gold (IRO-T) to increase its reserve estimate for the proj…
Fairstar hits gold
Exploration at the Benso concession in Ghana has led to the discovery of a new gold zone, reports Fairstar Explorations (FFR-T).Following completion of an initial, 15-hole diamond drilling program, Fa…
PEOPLE — NEW BULLET
Stewart Behune, James MacIntyre and Jeffrey Lightfoot elected directors.
PEOPLE — MINESTAR
Daniel Lescamela appointed president and chief executive officer; Jon Stewart appointed chief operating officer; and J. McBride appointed director.
Verena Minerals intersects gold in Brazil
Toronto-based Verena Minerals (VMCO-C) has drilled several gold intersections on its Porto Nacional property in central Brazil’s Tocantins state.This first phase of drilling concentrated on areas prev…
Rea Gold to fund Bisset mine development
Rea Gold (REO-T) has raised nearly $17 million in equity financing to fund ongoing development at its Bisset gold mine, northeast of Winnipeg, Man.The private placement, which was arranged with RBC Do…