While some analysts talk of an encroaching oversupply of gold, international investment dealer Shearson Lehman Hutton forecasts 1989 will be marked by a persistent shortage of immediately available ma…
A number of majors were in the running, but Corona Corp. (TSE) came out the winner in its effort to strike a deal with North Carolina- based Piedmont Mining (NASDAQ). Corona recently agreed to purchas…
An economic evaluation of the Canty deposit near Hedley, B.C., is slated to begin in March under the direction of Corona Corp. (TSE). The study follows completion of the 1988 drill program on a number…
X-Cal Resources (TSE) says its winter drilling to date has located possible reserves of about 250,000 tons grading 0.20 oz gold from the North zone on its 6,000-acre Snowbird property near Fort St. Ja…
Toronto-based Falconbridge Ltd. (TSE) affiliate United Keno Hill Mines (TSE) is attempting to arrange a rights offering to pay off outstanding debts and finance working capital requirements. United Ke…
Contrary to the opinion stated in the Feb 6 editorial “Money is no object,” Ontario Hydro is proposing the least cost option for reducing acid gas emissions. Costs are a major consideration for all pr…
Production has resumed at Beaver Resources (TSE) Kramer Hills project in California following the addition of a crusher, agglomerator, conveyors and a stacker. “The added equipment will solve the diff…
Corona Corp. (TSE) and American Barrick Resources (TSE) have begun a decline into the bottom- most levels of jointly owned Renabie mine to probe for gold mineralization at depth. The decline will be d…
Within the next two months, Durga Resources (ASE) of Calgary will start to process 22,000 tons of tailings material at the Boss gold mine in southern Nevada. Having already lined up heap leaching faci…
ONTARIO MINISTRY OF NORTHERN DEVELOPMENT AND MINES — Ron C. Gashinski appointed manager, mining lands, northeast region, mines and minerals division based in Timmins.
Sonora Gold Corp. (VSE) reports for the year ended Dec 31 a net loss of $4.6 million or 26 cents per share on revenue of $36.5 million. For the same period a year earlier the company reported a net l…
A group of minority shareholders of Spirit Lake Explorations (ME) failed to unseat the board of directors at the company’s recent annual meeting in Toronto. Not only were existing directors re-elected…
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