Dayton issue active on Chile bet results
Shares of Dayton Developments (TSE) were active this week, as the latest results from a feasibility study at the wholly owned Andacollo gold project in Chile were released to the public. Dayton shares…
1990
Breakwater confident about long-term goals
Despite recent setbacks, Breakwater Resources (TSE) believes its ability to produce low-cost, “clean” concentrates will secure its position as significant international zinc producer in the long term….
Muscocho, Flanagan file creditor plans
Toronto-based Muscocho Explorations (TSE) and Flanagan McAdam Resources (TSE) have both filed a plan of arrangement under the Companies’ Creditors Arrangement Act, following orders from the Ontario Co…
Sale keeps Galactic in black
Despite a third-quarter loss of US$3.2 million, Galactic Resources (TSE) reported net income of US$3.68 million for the nine months ended Sept. 30. The 9-month results were boosted by an extraordinary…
Metals prices weaken bank commodity index
A drop of 3% in October from the preceding month was reported by Scotiabank for its all-commodity price index. Contributing to the decease was a 6% tumble in October in metals prices. “Base metal pric…
Aur says Louvicourt will cost less than $200 million
Aur Resources (TSE) Vice- President Howard Stockford says he expects to have a conceptual plan for mining the company’s 55% owned Louvicourt Twp. copper-zinc deposit in hand by Christmas. With 12 dril…
Trimin future uncertain after Hanson Lake deal closes
Billiton Resources Canada (TSE) has completed the purchase of Trimin Resources’ (TSE) 32.9% interest in the Hanson Lake project near Flin Flon, Man. Billiton, which paid $17.5 million for Trimin’s sta…
Alberta Stock Exchange Biron Bay up 30 cents
A recent progress report by Biron Bay Resources on its 60% owned Summit gold project in New Mexico has led to a 30 cents gain in that company’s share price. Biron traded 109,100 shares to close at $1….
Mining and the Environment Accounting for future environmental
Among the factors that influence the levels of risk and profitability for mining are the twin costs of environmental protection and site rehabilitation. Obtaining permits can delay development for mon…
Golden Marlin plans follow-up at gold bet
Saskatoon-based Golden Marlin Resources (VSE) is planning a follow-up exploration program on the Northwest Gold joint venture property, near Yellowknife, N.W.T. Phase one of the program will include d…
Safety must be a priority for exploration industry
In the fall of last year, the prospecting industry in Ontario received notice from the Workers’ Compensation Board (WCB) that its assessment rates for 1990 would be raised by a staggering 15%. The inc…
Conwest income reflects lower zinc prices
For the first nine months of the year, Conwest Exploration (TSE) reported net earnings of $9.7 million (62 cents per share) compared with earnings of $12.2 million (93 cents per share) during the same…