News

A financing agreement has been negotiated which will raise a maximum of $800,000 for Beaufield Resources. Beaufield plans to issue 516,129 common shares at a price of $1.55 per share on a flow-through…

Sullivan Mines, and Cambior Inc. are solidifying the link between the two companies. They had previously announced (N.M., Aug. 8/86) that Sullivan- associated Courvan Mining would have an option to pu…

For the second quarter ended June 30, Malartic Hygrade Gold Mines earned net income of $484,125 or 14 cents per share compared to $349,156 or 10 cents per share during the same period last year. For …

Wednesday close, August 27 Prices on Vancouver have firmed somewhat which is not surprising given the fact gold has managed to hold onto some of its recent gains. The Vancouver market is heavily biase…

An additional 264,000 tons of reserves have been outlined at the Kremzar gold property operated by Canamax Resources, the company reports. Located 25 miles northeast of Wawa, Ont., the Kremzar propert…

GLAMIS GOLD — Andrew Milligan has resigned as president and James Carter as vice-president and chief financial officer.

For the first time in the history of the event, Ontario plans to enter a team in the 1986 national mine rescue competition, scheduled for Sept 19-20 in Nanaimo, B.C. The competition will test the skil…

As a clarification, all dollar figures quoted in last week’s story on Coin Lake Gold Mines’ Golden Reward property were expressed in U.S. dollars, (except for the share price quoted on the Toronto Sto…

A preliminary exploration program is under way on the Black Twp., Ont., gold property controlled by Newjay Resources. The 268-claim property, near Kirkland Lake, is being surveyed by geophysical instr…

The shares of McAdam Resources are now listed on the Toronto Stock Exchange; the company’s trading symbol is MMM. The company has successfully completed a rights issue undertaken by Merit Investment C…