Hedman double year loss
Despite efforts to increase sales, Hedman Resources more than doubled its losses in 1986. For the year ended July, 31, the company realized a loss of $245,428 or 9 cents per share. This compares with…
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Montreal Exchange Syngold shares active
When a company trades close to half a million shares during the week, it is not always easy to discover the reason why. Such is the case with Syngold Exploration. The mining firm closed at $2.47, up 5…
Alberta Stock Exchange Monte Carlo High roll
A grass roots gold exploration play in Aruba is giving Monte Carlo Resources a ride. The issue, which has received coverage in the Caribbean press, added another 50 cents to $2 — that’s up a dollar …
EXPLORATION ’87 ST ANDREW
St Andrew Goldfields will continue to confine its gold exploration activities to Stock and Taylor twps., Ont., during 1987. Those activities will consist of both surface and underground exploration in…
EXPLORATION ’87 COMINCO
Vancouver-based Cominco Ltd. continued an aggressive exploration program in 1986. But with expenditures of about $25 million, it was at a sharply reduced level compared with previous years. This is a …
EXPLORATION ’87 BARRICK
American Barrick Resources has its first real exploration budget this year since the Camflo days in the early 1980s. Exploration became a low priority since then because of Camflo’s debt position, and…
EXPLORATION ’87 KERR ADDISON
The main thrust of a $6.5-million program for Kerr Addison Mines this year will be on gold exploration targets in Quebec, Ontario, British Columbia and Nevada. A continuing effort is being made in Que…
EXPLORATION ’87 ST. JOE
St. Joe Canada’s exploration program for 1987 is expected to be the largest and most diversified in the company’s 6-year history. This follows a record year of exploration activity in 1986 highlighted…
EXPLORATION ’87 NORANDA
Noranda Exploration (or Norex), the exploration arm of Noranda Inc., will probably spend more on exploration work this year than any other mining company. Last year Norex kept an average of 30 diamond…
Teck/Corona mining to the max in Hemlo
It’s full steam ahead in 1987 for the Teck/Corona gold project here in the booming Hemlo camp. Though still in the development stage, the David Bell mine is already contributing to Teck’s and Corona’s…
Queries Interquest busy on both sides of border
I heard that Interquest Resources is doing some work in Arizona. What’s the story? I.M. Toronto Your information is quite right. Last summer Interquest Resources entered into an agreement with Stan We…
Getting the R&D Ball Rolling
Increasing co-operative R&D with our universities is probably the best way for Canada to attain global excellence in mining technology. Over its long history, Canadian funding for research and develop…