Search Results for Cannon Mine

Citing weak metal prices, Breakwater Resources (TSE) suspended operations in early June at its 70% owned Estrades polymetallic mine in northwestern Quebec. Golden Group Explorations (VSE) has an 18% …

A consulting firm was recently hired by Grange Gold (VSE), a junior company looking to investigate possible joint ventures or partnership arrangements for its 50% owned Lovitt Mining. Lovitt owns abou…

Lower prices for both gold and silver led to a first-quarter loss from operations of US$323,000 for Asamera Minerals (TSE), compared to modest earnings of US$38,000 a year earlier. The first-quarter …

A consulting firm was recently hired by Grange Gold (VSE), a junior company looking to investigate possible joint ventures or partnership arrangements for its 50% owned Lovitt Mining. Lovitt owns abou…

Low zinc prices and the closure of Breakwater Resources’ (TSE) Caribou lead-zinc mine in New Brunswick have taken a heavy toll on the Vancouver company’s 1990 financial results. After announcing a $64…

Even though the company was formally taken off the auction block in May of last year, Asamera Minerals (TSE) is once again being offered for sale by a unit of its parent company, Gulf Canada Resources…

Prospector Gordon Dickson, 78, pulls a slightly yellowed document from a folder. The date at the top reads 1946. It’s one of Dickson’s first agreements to sell mineral claims at Mount Nansen; the reci…

Environmentalism, weak equity markets, an economic downturn, global competiton and a desert war. No question, Canadian mining faces obstacles. The following, a response to our questionnaire on the pag…

Echo Bay Mines (TSE) was recently forced to pay one of the stiffest fines ever levied against a mining company in the State of Nevada. After more than 1,000 birds were killed while drinking from the t…

Mechanical problems at the El Mochito polymetallic mine in Honduras have forced operator Breakwater Resources (TSE) to temporarily suspend operations until repairs can be completed. The company expect…

Lower gold prices and a strong dollar have made their mark on Breakwater Resources’ (TSE) half-year income. In the first six months of 1990, Breakwater earned $4.3 million (7 cents per share) compared…

The boom years over, junior mining companies must now try to survive through the lean years, when private investors tend to play a much larger role in their continued health. No longer able to count o…