Earnings Reports (March 06, 1989)
Cambior Inc. (TSE) reports fourth quarter net earnings of $4.97 million or 21 cents per share on revenue of $28.21 million. For the same period a year earlier the company reported net earnings of $8….
News
Faced with budget crunches, western states treat miners kindly
With reductions in federal revenue-sharing dollars, many U.S. states are looking at a variety of possible tax adjustments to fill funding shortfalls. Recognizing the vulnerability of their industries …
Golden Terrace drilling Timmins DeSantis property
Recent drilling by Golden Terrace Resources (TSE) at the DeSantis property near Timmins, Ont., has confirmed the presence of a gold zone. Drilling has traced the 733-west gold zone for a strike length…
Hecla Canada new in Canadian mining scene (March 06, 1989)
Hecla Mining Company of Canada, a wholly-owned subsidiary of Hecla Mining of Coeur d’Alene, Idaho, has recently established an office in Toronto and intends to become more aggressively involved in the…
Better base memtal prices fail to spark exploration
It is nearly 10 months now since Teck Corp. (TSE) President Norman Keevil, based on federal government studies, informed the mining industry that a major crisis may be looming in the base metals secto…
Kerr Addison plans to reap rewards from new projects
Falling gold prices and the rising value of the Canadian dollar were responsible for a substantial reduction in Kerr Addison Mines’ (TSE) net income during fiscal 1988. Net income reported by the 50.1…
Marshall, Eden Roc in 2-stage placement
A 2-stage private placement has been entered into by Marshall Minerals (ASE) and Eden Roc Mineral (ASE). In the first stage, Marshall has agreed to purchase 1.5 million shares for $450,000 and will re…
Earnings Report (March 06, 1989)
American Barrick Resources (TSE) of Toronto reports fourth quarter 1988 net income of $14.3 million, or 24 cents per share compared with net income of $9.1 million, or 16 cents per share in 1987. Re…
Correction (March 06, 1989)
Claims held by Cline Development Corp. (VSE) and Transgold Resources (COATS) also include a property which was at one time held under option by Esso Minerals. Work by Esso defined reserves of 72,000 t…
Tarzan Gold finds two shoots on Joburke
Drilling by Tarzan Gold (ASE) on the Joburke gold property near Timmins, Ont., has identified two shoots within the 6-7 vein and the North zone vein systems. The property is held under option from Nor…
Letters to the Editor Newmont in Canada
On behalf of Newmont Mining and the many Newmont employees who have been part of the Canadian mining scene over the past 60 years, I would like to express sincere thanks for your gracious comments on …
Aurogin drilling kimberlite bets
Diamond drilling has commenced on the first of 12 potential kimberlite targets to be tested this winter by Toronto-based Aurogin Resources (VSE). Aurogin can earn a 50% interest in the properties from…