Production costs up for Royal Oak
High cash operating costs took some wind out of the sails of Royal Oak Mines (TSE) during the first nine months of 1995.The company earned $19.5 million (or 17 cents per share), on revenue of $153.1 m…
News
Eight new inductees to Mining Hall of Fame.
The Canadian Mining Hall of Fame will induct eight individuals at its annual dinner on Jan. 8, 1996, in Toronto.Established eight years ago, the Hall honors legendary mine-finders and mine-builders wh…
Arista to acquire Kremzar deposit
Arista Resources (VSE) will acquire the Kremzar gold project northwest of Wawa, Ont.The deposit lies on the northern limb of an anticlinal sequence of metavolcanics. It is stratigraphically above a hi…
Companies (December 04, 1995)
INDEXAg ArmenoAmax GoldAmer Min FldsAnvil Range MgAristaAshtn Mg of CdaAtnaAur ResourcesBarrick GoldBHP Min.Bre-XBreakwaterBreseaCambiorCamphor VntrsCanarcComincoCons Ramrod GldCoral GoldDia…
Canarc tests Guyanese property
A second phase of drilling is under way on the Ianna property in Guyana.Canarc Resource (TSE), which can earn up to a 65% interest from Roraima Gold (VSE), is testing the bulk-tonnage potential of the…
New zone adds to Rainbow
Encouraged by results from the Rainbow property in southern British Columbia, partners Teck (TSE) and Getchell Resources (VSE) will undertake a third phase of drilling.The property is a few kilometres…
Final assays surface at Nugget Pond
Underground drilling has ceased at the Nugget Pond gold project near Baie Verte, Nfld., and a new reserve is being calculated.The figures will be incorporated into an ongoing final feasibility study, …
EDITORIAL PAGE — Just call to say E `keep mining in Canada’
The telephone of John Manley, Canada’s minister of industry, will be ringing off the hook during the work week starting Nov. 27. And that’s because people from across the country will be calling the m…
Pentland cuts gold at Marlhill
Drilling at the Marlhill property by Pentland Firth Ventures (TSE) has not gone as planned. Still, operator Pentland Firth is far from upset.The two most recent drill holes did not flatten as anticipa…
Minable reserves calculated for Daisy’s West gold zone
Drilling at the Daisy project in southern Nevada has confirmed a minable reserve of 542,000 tons averaging 0.025 oz. gold per ton in the West zone.The project is owned 65% by Inter-Rock Gold (ME) and …
FirstMiss Gold makes new public offering
FirstMiss Gold (NASDAQ) has signed an agreement with a group of underwriters for a public offering of stock.The company is seeking gross proceeds of US$126.75 million from the sale of 6.5 million shar…
PEOPLE — CONS. MAGNA VENTURES
Bradley Aelicks appointed president and chief executive officer.