Cache option deal
Montreal-based Cache Explorations (ME) is increasing its land position in Courville Twp., Que., where the company has been drilling a gold property optioned from Parquet Resources (TSE). Subject to re…
1990
Higher earnings for CoCa Mines
Net income of US$1.9 million (17 cents per share) on revenue of US$28.3 was reported by CoCa Mines (TSE) for 1989, compared with net income of US$184,500 (2 cents per share) on revenue of US$13.6 mill…
Conwest set to merge with MRI and Barons
Toronto-based Conwest Exploration (TSE) says the terms of a proposed merger with its two subsidiaries Mineral Resources International (TSE) and Barons Oil (TSE) have been unanimously approved by the b…
Diana’s stake down at Chibougamau bet
Montreal-based Diana Resources (VSE) had both good and bad news to report to its shareholders recently. The good news is that exploration is continuing at the Obatogamau gold property near Chibougamau…
Earnings off for Amax
Net earnings of US$33.3 million for the year ended Dec. 31 were off for Amax Gold (NYSE) from the previous year when earnings reached US$43 million. The company noted the drop in earnings was primaril…
Anglo Canadian closes MWF deal
Anglo Canadian Mining (TSE) says it has completed the acquisition of a 51% stake in a group of claims located between Falconbridge Gold’s (TSE) Owl Creek and Hoyle Pond gold mines in Matheson, Ont. Kn…
Shareholder wants a better deal
The shareholders of Muscocho Exploration should at least be given the right to vote on the recent “acquisition” of the Magnacon and Magino properties by Echo Bay Mines (T.N.M., Jan. 8/90). To my knowl…
Zahavy caps shaft
A mine site reclamation program is under way on Zahavy Mines’ (ASE) Favourable Lake property, 110 miles north of Red Lake in northwestern Ontario. The 6,000-acre property hosts a past-producing gold-s…
Vancouver conference focuses on the environment
Environmental issues relevant to the mining industry were discussed here by 24 speakers in a special session on metals and minerals at Globe ’90, a conference aimed at promoting the implementation of …
Centurion royalty revenues to rise
Vancouver-based Centurion Gold (VSE) is looking forward this year to new mining activity on claims surrounding Newmont Gold’s (NYSE) Gold Quarry open pit mine near Carlin, Nev. Centurion owns 51% of a…
Low grade deposit on Springpole bet
The Portage zone on the Springpole gold property being explored by joint venture partners Noranda (TSE) and Akiko-Lori Gold Resources (VSE) hosts geological reserves of at least 7.9 million tons gradi…
Melinga re-evaluates low-grade gold, copper property in Honduras
A property in northwest Honduras, where a large, low-grade gold deposit was discovered in the early 1970s, is being re-evaluated by Melinga Resources (VSE). Subject to regulatory approval, Melinga wil…