News

An independent valuation and fairness opinion of a deal involving three Muscocho group companies, two new producing gold mines in northern Ontario and Echo Bay Mines (TSE) concludes the proposed trans…

A Wall Street bankruptcy could slow financing for a Nova Scotia coal project. Drexel Burnham Lambert, a New York brokerage was in the process of floating a “junk bond” issue for Curragh Resources of T…

If you attended the Prospectors and Developers Association of Canada’s annual convention in Toronto recently, no doubt you will have noticed that many of the 3,000 or so delegates were wearing a badge…

St. Genevieve Resources (TSE) and 81% owned subsidiary Bay Resources & Services (ASE) recently received some encouraging results from winter drilling at the Fourax gold property in Malartic, Que. Situ…

The 6,800-claim Grubline joint venture of Noront Resources (VSE) and Noranda (TSE) in central Newfoundland is being reduced in size by nearly 50% as the partners narrow their focus to concentrate on t…

Cash-strapped Abermin (TSE) recently announced bankruptcy under provisions of the Bankruptcy Act with Deloitte & Touche appointed as trustees. Company management had attempted for some time to refinan…

In July, 1986, Ontario Premier David Peterson announced that the Toronto offices of the Ministry of Northern Development and Mines, with the Ontario Geological Survey (OGS) in tow, was to be boxed and…

A joint venture agreement has been signed between Epoch Capital (VSE) and Noranda (TSE) to explore the Burnt Pond base metal property in central Newfoundland. Under the terms of the agreement, Noranda…

Denver-based MinVen Gold (TSE) has written down the carrying value of its Blackdome gold mine near Clinton, B.C., and is also looking to sell its one-third interest in the Golden Reward mine near Lead…

Bailey Controls Group, through parent Elsag, has acquired a controlling interest in the Industrial Controls Division of Schlumberger Industries of France. A new company, Bailey SEREG, has been formed …

Long ago stamp mills gave way to more refined crushing units. Today, there is a full range of primary and secondary crushing systems. Cone crushers for the mining industry are generally relegated to s…

Northfield Minerals moved up 20 cents to $1.70 after announcing it has finalized a deal to acquire control of the Cheminis gold mine property near Kirkland Lake, Ont. An underground development and ex…