Net earnings for Richmont take dive
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…
1996
Greenstone raises US$25m for 1996
In order to fund all its planned 1996 programs without issuing any more equity, Greenstone Resources (TSE) has arranged US$25 million in debt financing.The financing consists of a US$15-million line o…
Potential of Kazakhstani project grows
Initial drill results from the Varvarinskoye gold-copper-silver deposit in northern Kazakhstan are confirming previous resource estimates.Kazakhstan Minerals (CDN) is attempting to confirm in situ res…
Chislett, Verbiski named PDAC’s top prospectors
In a year that saw Voisey’s Bay turn the eyes of the world’s mining industry toward Canada, it comes as little surprise that the men responsible for its discovery are being formally recognized by thei…
WGS publishes diamond, gold reports
Publications describing potential targets for exploration in the Wyoming geological province and elsewhere in the U.S. are available from the Wyoming State Geological Survey (WSGS).The publications re…
Meetings (March 11, 1996)
March 18, Madrona — annual, general, specialMarch 19, Citadel Gold — annualMarch 19, Credo Mining — annual, general, specialMarch 19, Eaglecrest — annual, generalMarch 19, New North — specialMarc…
Noranda concludes Yamana earn-in
Noranda Mining & Exploration (a unit of Toronto-listed Noranda) has notified Yamana Resources (TSE) that it has elected to terminate the earn-in agreement on the Tierra del Fuego massive sulphide proj…
Michelle zone boosts Cusac
Production from the Michelle Highgrade zone at the Table Mountain Mine property in northern British Columbia helped Cusac Gold Mines (TSE) report a fourth-quarter profit of $1 million.Cusac milled 8,4…
Altai unit eyes Philippine property
Toronto-listed Altai Resources has completed the incorporation of Altai Philippines Mining, which will act as the company’s exploration arm in that country. Altai will have a 40% equity interest.Along…
Westmin Res. back in black for 1995
With its Myra Falls operation on Vancouver Island back on stream, Westmin Resources (TSE) reported a net profit of $11.8 million for 1995 on revenue of $110.7 million.Cash flow from operations amounte…
JAG eyes Mint tailings
An agreement with a numbered Ontario company will give JAG Mines (ME) a half interest in a project to reprocess refinery tailings from the Royal Canadian Mint in Ottawa.Mint waste discharged into Nepe…
Diamond valuation is in for Namco
Diamonds recovered from the Luderitz Bay project of Namco (VSE) have been valued by a leading international firm of diamond assessors.A total of 1,296 stones, approximately half of the total recovered…