Breakwater output
Gold output at the Cannon mine at Wenatchee, Wash., was approximately 6% higher than expected in 1987, according to Breakwater Resources which has a 49% interest in the mine. Calgary-based Asamera Inc…
Search Results for Cannon Mine
Breakwater well into black on gold price, productivity
Higher gold prices coupled with productivity increases at the Cannon mine in Washington State put Breakwater Resources solidly into the black during the first half of 1987. Net earnings for the period…
Breakwater to sell 1.2 milion shares
Breakwater Resources has agreed to sell 1.2 million of its shares to Loewen Ondaatje McCutcheon and Company of Vancouver to raise $7.92 million. These funds will be used to pay Cannon mine capital cos…
Report from Calgary: Asamera results disappointing
Asamera Inc. reports that a total of 134,726 tons of ore was processed through the mill at the Cannon mine in Wenatchee, Wash., during the second quarter of 1986. An 82.37% flotation recovery was aver…
MINING IN CANADA — Development work places New Britannia back on track
First-quarter gold production at the New Britannia mine, situated 128 km east of Flin Flon, Man., has surpassed expectations by 7%. Moreover, cash costs continued to decline and underground drilling i…
Manitoba cheers New Britannia opening
Second-hand hoists, second-hand mill. The New Britannia mine, which officially opens this week, has both. Scouring the mining industry’s garage sales for bargains is one way to keep capital costs down…
Ramrod branches to Honduras
A letter of intent gives Consolidated Ramrod Gold (TSE) the right to acquire a 51% interest in Aurora Exploration, a Honduran company. Aurora has been exploring for precious and base metals in Hondura…
Breakwater aims to reverse losses
A loss of $3.6 million was reported by Breakwater Resources (TSE) for its 1991 third quarter ended Sept. 30, which brings losses for the first nine months of the year to $16 million. The company is co…
U.S. REPORT (December 23, 1991)
Homestake Mining (NYSE) and Goldstake Explorations (TSE) have suspended work on the Whitewood Creek tailings project in South Dakota until gold prices improve. The project, a 50-40-10 joint venture am…
Breakwater’s bitter legacy still haunts Corona
A fountain of red ink is still spewing from Breakwater Resources (TSE) following an ill-fated strategic plan to have the company become an integrated zinc producer. In the 1991 first half, Breakwater …
Books In Review
Innovation in Mining Backfill Technology is an excellent snapshot of the state-of-the-art of mining backfill worldwide. It consists of papers presented in a symposium at McGill University in Montreal,…
Toronto Stock Exchange Activity in B.C. keeps western companies
Stock market activity took on a decidedly western theme during the week ended April 3, as share prices of a number of Vancouver companies felt the effects of acquisition rumors and other events. It wa…