Writeoffs deepen Total Energold loss
A writedown of $20.5 million helped push Total Energold (TSE) further into the red for the year ended Dec. 31. Total Energold recorded a loss of $28.1 million for the year on revenues of $46.9 million…
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Cameco drops Marlin option
After completing a 5-hole drill program, Cameco has dropped its option on a gold property owned by Golden Marlin Resources (VSE) near Yellowknife, N.W.T. Cameco had the right to earn a 51% interest in…
TVX Gold probes potential of Casa Berardi claim group
In a bid to boost its North American gold reserves,MDBO TVX Gold (TSE) is continuing an aggressive exploration program this year on its large Casa Berardi claim group in northwestern Quebec. The searc…
Noranda reports Lynne reserves, limited potential seen for increase
Results from the first 39 holes completed at the Lynne project in Oneida Cty., Wis., indicate the property contains preliminary reserves of 6.14 million tons grading 7.10% zinc, 0.34% copper, 1.84% le…
Alberta Stock Exchange Gold stocks fade
During the report period ended March 19, the price of gold bullion remained in the doldrums at around US$364 per oz., causing several speculative mining stocks to drift lower amid lacklustre trading. …
China plans new copper smelter
A new 100,000-tonne-per-year copper smelter, to cost US$150-200 million, is being planned for China by CNNC Shanghai Smelter, the Cable and Wire Group of Shanghai, and Philipp and Lion, the publicatio…
Great Lakes Minerals keys on advanced-stage projects
One of the new juniors growing by leaps and bounds is Great Lakes Minerals (TSE). Listed last July, the company already has three promising copper properties in the Keweenaw Peninsula of northern Mich…
EDITORIAL This award’s a winner In the Grand Scheme of Things,
A new one, being offered by Du Pont Mining Services and Conoco, may not set the world on fire either, but it is welcome nonetheless. Called the Environmental Leadership Award, it will go to a mining c…
Placer plans for base metals
Since taking over the helm of Placer Dome (TSE) in 1988, Anthony (Tony) Petrina has overseen a flurry of mine-making that has enabled the international company to reach a gold production target of 1.4…
Brenda Mines seeks new ventures
For the year ended Dec. 31, Brenda recorded a loss of $1.5 million on revenues of $26.8 million. Brenda Mines (TSE) 3 months ended Dec. 31 1990 1989 Revenue $3,810 $11,260 Net earnings (loss) 140 (3,9…
Is the gold pric of today `good as gold’?
For at least 6,500 years, gold has been treasured for its beauty and rarity. The enormous amount of labor put into gold production since prehistoric times has yielded cumulative world production of go…
Goldex extends gold zone on Val d’Or property
Continuing exploration on the Goldex Extension (GE) zone near Val d’Or, Que., has extended the strike length of gold mineralization on the property by an additional 400 ft. The Goldex Extension projec…