News

Three quarters of profit Noranda caps red ink flow

Keeping a tight lid on the red ink for the third straight quarter, Noranda Inc. has emerged with a profit of $52.9 million on revenues of $2.6 billion for the recent 9- month period and appears to be …



Flow-through under review, Wilson says

Flow-through share financing for mineral exploration is part of a broad review on tax policy being undertaken by the Department of Finance, Federal Finance Minister Michael Wilson has confirmed. The f…



Nevada on TSE

Shares of Nevada Goldfields Corp. were posted for trading on the Tor onto Stock Exchange on Oct 28. Based in Vancouver, B.C., this company has interests st in three precious metals properties under d…


Financing plan being considered by Gowest

Pending a successful refinancing of Gowest Amalgamated Resources, the company is considering additional drilling on its Denton Twp., Ont., gold prospect, west of Timmins. A 5,000-ft program is conside…



Brunswick Mining

Brunswick Mining and Smelting reports a loss of $8,090,000 for the nine months ended Sept 30, against a loss of $2,316,000 for the similar period in 1985. Net revenue was $157,504,000 compared with $1…



Robots are not needed to mine Cigar Lake uranium

The Saskatchewan Mining Development Corp. has submitted a mining proposal to federal regulators in Ottawa to approve the start of a test mine entry at about this time next year on the high-grade urani…


Total Erickson entry will spur B.C. bet

The Dome Mountain precious metals project near Smithers, B.C. has moved one step closer to production with the entry of Total Erickson Resources as a partner in the play. Development of the property h…


Alberta Stock Exchange: Tandem volume leader

DWednesday close, Oct 29 Tanner Arctic Oil was the volume leader for another week. The company, which has a whopping 53.8 million shares issued, added 2 cents to close at 20 cents . Tanner has acquire…


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