News


Cambior eyes Gordex’s new Maritime gold zone

In a small, modern office on Union Street in the downtown core here, Morton Gordon, chairman of Gordex Minerals (TSE) (and six other publicly- listed gold exploration companies), recounts his earlier …


FINANCING (August 01, 1988)

ONTARIO Released From Escrow PPC Oil & Gas Cor. — 230,103 shs released. VANCOUVER Vishnu Res — gross proceeds rec $152,000. First Star Egy — opt exerc on 120,000 @ $0.3025. Killick Gold — gross pr…


Ketza River mine in Yukon second for Canamax

It’s now two down and counting for Canamax Resources’ (TSE) chief executive officer, John Hansuld, who has promised a new mine a year for five years. In fact he’s ahead of schedule with the official o…


JFederal ruling on flow-through

Federal Finance Minister Michael Wilson has ruled that parties in a flow-through share agreement have up to 60 days after entering the agreement to set the price of the shares. This marks a change fro…


Falconbridge adjusts subscription price

Falconbridge Ltd. (TSE) says the adjusted subscription price for its common share purchase warrants, which expire July 27, 1989, will be $24.69, assuming the previously- announced $4.75 per share divi…


Black Swan seeking more Australian gold

After having achieved gold production within three years of a public listing — a rare enough accomplishment for a junior mining company — Black Swan Gold Mines (VSE) now expects to pay back its shar…



Upgrading plant equipment helps keep CCR competitive

Canada’s biggest secondary producer of gold is one of the largest copper refiners in the world. Canadian Copper Refiners (CCR), which traces its beginnings back to 1928 when a business decision was ma…


Agnico-Hecla

Agnico-Eagle Mines (TSE) and Hecla Mining of Coeur d’Alene, Idaho, announced that, subject to approval of their boards of directors, the companies will form a joint association for exploration of prec…


Energex/Geostar drilling yields positive results

Recent drilling on a project located in a historic gold mining district straddling the Nevada/Utah border has returned “positive” drill results, according to joint venture partners Energex Minerals (T…


Editorial The power of coal

Energy is used to generate electricity far more than it is used for any other purpose. Industry accounts for about a quarter of the world’s energy consumption, transportation a little less than that a…


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