Colony Pacific earnings decline
Lower oil and gas production volumes and the absence of gains from mineral property sales resulted in a net loss for Colony Pacific Explorations (TSE) of $197,000 or 2.7 cents per share on revenues o…
News
Nickel market maintaining its momentum
While no one can guess how long the bull market for nickel will last, it seems a safe bet the price of the base metal will hold up a while longer. More than a few analysts see demand for the metal, wh…
Gamsan completes drilling on Brabant Lake property
Edmonton-based Gamsan Resources (ASE) has completed a first phase winter drill program on its polymetallic property near Brabant Lake in northern Saskatchewan. The company conducted more than 12,000 f…
Magnacon production due to start this month
A production start-up at the Magnacon gold project in northern Ontario is imminent. Owned by Muscocho Explorations (TSE), Windarra Minerals (TSE) and Flanagan McAdam Resources (TSE), the project could…
Giant Yellowknife planning layoffs at Timmins operations
A new operating plan including layoffs and curtailment of mining activities in certain areas is being instituted by Giant Yellowknife Mines (TSE) following a large write- down of assets for 1988. The …
Costs up by $14 million, but Lawyers producing
Although the final tally for realizing its goal proved to be some $14 million higher than expected, Cheni Gold Mines (TSE) says it has reached commercial production at its 100%- owned Lawyers mine in …
Quintette, Bullmoose receive open pit mines safety awards
Two northeastern British Columbia coal mines have been officially recognized as the safest open pit mines in the province. For the second year in a row, Quintette Coal Limited was presented a trophy b…
Correction (April 10, 1989)
Contrary to what was previously reported (N.M., Apr 3 /89, Encouraging results from Trader bet), Pamour Inc. was not a previous operator on a property held by Ronnoco Resources at Nighthawk Lake, near…
Trio in Carlin (April 03, 1989)
Trio Gold Corp. (ASE) has acquired a 100% interest in 29 claims near Elko Cty., Nev. The claims are within the prolific Carlin trend, a major geological feature hosting several large open pit gold dep…
Abcourt reports lower tonnage
Tonnage extracted from the Abcourt-Barvue zinc-silver mine about 40 miles north of Val d’Or, Que., during the last six months of 1988 was down when compared with the same period a year earlier, Abcour…
CoCa Mines reports decline in earnings
Earnings of $184,500(US) or 2 cents per share were realized by CoCa Mines Inc. (NASDAQ) from revenues of $13.58 million for the year ended Dec 31. The Denver-based company reported net income of $2.23…
U.S. Gold adds up fifth year of profits
Denver-based U.S. Gold Corp. (NASDAQ) reported its fifth consecutive year of profits in 1988, despite an expected decline in revenues over comparable 1987 figures. For the year ended Dec 31, the compa…