A feasibility study expected early in the new year may determine the fate of the Holloway gold project in northeastern Ontario. Hemlo Gold Mines (TSE), with a 58% direct and indirect ownership interes…
Considering the current level of interest in diamond exploration, it was only a matter of time before the hopes and dreams of explorationists once again settled on the Sloan diatreme, 135 km north of …
The Mines Gaspe operation of Noranda (TSE) reached a major milestone in 1993 — 40 years of operation. Situated in the rugged interior of the Gaspe Peninsula near Murdochville, Que., Mines Gaspe opera…
Two officers of Agnico-Eagle Mines (TSE) excercised options and sold shares in October. According to the Ontario Securities Commission’s OSC Bulletin, officer John Clement sold 3,000 shares at $19 to …
Earnings of $453,000 for the nine months ended Sept. 30, 1993, have added to the fortunes of Westfield Resources (TSE). The debt-free company has cash and marketable securities totaling $24.3 million,…
There was good news and bad news during the third quarter for Metall Mining (TSE). On the plus side, production of copper cathode from its 87.3%-interest in the Copper Range mine in Michigan increased…
Drilling on the Mountain View property in northern Nevada has returned gold-mineralized intersections. Canyon Resources (NASDAQ) is earning a 60% interest from Independence Mining and expects to compl…
Reform of mining legislation in the U.S. reached a new stage recently when the House of Representatives voted in favor of imposing an 8% net smelter return (NSR) royalty on hardrock mining companies o…
A preliminary prospectus for an offering worth up to $35 million has been filed by Great Lakes Minerals (TSE). The company will use US$6.8 million to buy a 20% undivided interest in the Grouse Creek g…
In September, the metal and mineral sub-index of The Bank of Nova Scotia’s commodity price index dropped to its lowest level since December, 1985. While copper prices dropped further in October, nicke…
A new gold zone has been outlined on the Amalgamated Kirkland property in Kirkland Lake, Ont. The discovery, known as the Cyprus zone, was made during a drilling program by Cyprus Canada, a unit of Cy…
The demise of the Soviet Union has ironically left Cuba — romantically known as “the isle of eternal summer” — out in the cold. As a result, the country’s mining and metals sector is now desperately…
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