Breakwater has increased earnings
Breakwater Resources reported earnings of $4.2 million or 19 cents per share for the year ended Dec 31. This compares to earnings of $925,000 or 5 cents per share in 1986. “The substantial increase …
News
More gold found at Golden Terrace bet
Following some encouraging results at Golden Terrace’s Richardson Lake gold project northeast of Red Lake, Ont., the Toronto company is seeking a partner to finance the project to production. During a…
Queries Despite merger, Bethex shares have value
As holder of 100 Bethex Exploration shares, I notice that this company has not traded for some years. It is rumored that Bethex was absorbed by another company and new shares issued. Could you let me …
Atlantic Report Midas invades Nova Scotia
A relative newcomer to Nova Scotia gold action is Midas Minerals. President Karl Skobe has said that although the company is based in Toronto, its largest investor base is in the Sudbury area of Ontar…
Ashton options Freewest platinum property
Australian mining company Ashton Operations Inc., an affiliate of Ashton Mining Ltd., has acquired an option to earn an interest in claims held by Freewest Resources. Ashton can earn a 65% interest in…
Theresa bulk sampling by Duration, Locator
A bulk sampling program is scheduled to begin this month on the Theresa mine property, Duration Mines says. Affiliate company Locator Explorations is an equal partner in the property. Located south of…
Central banks’ gold holdings usually greatly undervalued
The significance of gold in the reserves held by central banks is often overlooked. This may be because these gold bullion holdings are often included in official statistics at artificially low valuat…
Sherritt Gordon
After reporting losses of $27.7 million in 1986, bad luck continues to plague Toronto-based Sherritt Gordon Mines. Almost as soon as the company had written off the money-losing Ruttan copper-zinc min…
New gold occurrences discovered in Red Lake
In addition to examining former gold producers and developed prospects, much effort has been directed towards new and unexplored gold occurences. For example, St. Joe Canada and Nexus Resources have o…
Tamavack, Maple Leaf: good results
Follow-up drilling at the Fountain Lake gold property of International Maple Leaf Resource Corp. and Tamavack Resources west of Thunder Bay, Ont., has yielded some more impressive assay values. Partia…
Ateba can earn 50% interest in Chutine’s Stover project
A joint venture agreement between Chutine Resources and Ateba Mines gives the latter the right to earn a 50% interest in Chutine’s Stover gold- silver property near Missanabie, Ont. Abeta must spend $…
Mine operating results at Bell Cr pick up, Pamorex
The exploration and development arm of the Pamour Group of companies, Pamorex Minerals, reports a net loss of $309,000, or 2 cents per share, in the third quarter ended Dec 31. Chairman Clifford Frame…