Beaufor Mine

Thanks to last year’s exploration efforts at the Beaufor and Sleeping Giant gold mines in northwestern Quebec, junior producer Aurizon Mines (ARZ-T) has been able to raise its share of total gold reso…

The start of commercial production at the Nugget Pond gold mine last spring has enabled Richmont Mines (RIC-T) to report a 140% increase in gold production for 1997.The underground mine is in the Baie…

The gold price plunged again over the past week, crashing through its Feb.25, 1985, low of US$284.25 on Dec. 9, and causing further concern that gold producers will be forced to close their highest-co…

In 1996, the number of mine openings in Canada continued to exceed closures. During the year, there were 20 openings (14 new mines and six reopenings) and 17 closures (10 suspensions and seven permane…

The start of production at the Nugget Pond mine, near Baie Verte, Nfld., enabled Richmont Mines (ric-t) to boost its operating cash flow tenfold in the second quarter, compared with 1996 levels. Also,…

Rouyn-Noranda-based Richmont Mines (RIC-T) has made a bid to take over Montreal-based Louvem Mines (LOV-T).Richmont’s bid is by way of an exchange for all the issued and outstanding shares of Louvem M…

Citing low gold prices, Vancouver-based Aurizon Mines (ARZ-T) is delaying the development of Vior Mining Exploration’s (VIO-M) wholly owned Douay-Ouest property.The property is 50 km north of Aurizon’…

Investment in the Beaufor gold mine near Val d’Or, Que., has paid off for Louvem Mines (TSE), which made a slight profit in the first quarter.The company earned $16,808 (nil per share) on revenue of $…

While 1995 earnings at Richmont Mines (TSE) kept pace with 1994, net earnings were down.The company took in $20.19 million in 1995, compared with $20.64 million in 1994. Net earnings for the year were…