Windarra planning major exploration
Windarra Minerals (VSE) reports that its initial private placement with Hemlo Gold Mines (TSE) has been completed. The placement consisted of two million shares at $2 per share, providing $4 million t…
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Stan West financing
An $8.5-million debt financing has been completed by Stan West Mining (TSE) which will fund development at the company’s McCabe gold project in Arizona. Placed with Elders Finance Group, an Australia…
Strike at Inco averted, nickel prices still high
In times of prosperity, Inco Ltd. (TSE) has shown that it is prepared to share the spoils with its employees. That became obvious recently when about 6,300 hourly paid Inco workers voted to accept a n…
U.S. uranium tailings plan could end trade dispute
The current uncertainty in the U.S. uranium market could be cleared up soon. Unconfirmed rumors are that the U.S. government is prepared to put up about $1 billion for uranium tailings reclamation wor…
Central Crude play paying off for Noranda
If Richard Nemis was a little overexuberant in his analysis of Central Crude Ltd.’s (VSE) achievements in the Mishibishu, Ont., gold camp, no one at the company’s annual meeting could really have blam…
Investment Comment Sulphurets makes Newhawk a buy
While fears of rising inflation and interest rates means that investment opportunities among Canadian gold stocks have been few and far between, the outlook for the price of gold appears to be good. A…
Galactic at work on new mines as Summitville output goes up
With production expected to begin at two new U.S. gold mines, 1988 will be a busy year for Vancouver-based Galactic Resources (TSE). As the company attempts to establish itself as a major gold produce…
Musto subsidiary near bankruptcy
A U.S. subsidiary of Musto Explorations (TSE) may have to file for bankruptcy. St. George Mining’s Apex project in Utah has been shut down since Sept 1, 1987, and the company is currently seeking reli…
Redfern flow-through
Redfern Resources (VSE) has agreed to issue 400,000 flow-through shares to NIM Resource — 1988 and Co. Ltd Partnership at a price of 95 cents per share. . T The company has also agreed to offer 35…
Training conference
A training conference titled TRAM XV (Training Resources Applied to Mining) is scheduled for Aug 7-10 at West Virginia University’s Evansvale campus in Morgantown, W. Va. Delegates to the conference, …
Andaurex option deal
A joint venture agreement has been signed between Andaurex Resources (VSE) and High Frontier Resources, a private company. High Frontier has the right to earn a 50% interest in Andaurex’s gold propert…
Meeting will focus on mineral economics
The 5th Minerals Economics Symposium, a bi-annual meeting sponsored by CIM (Canadian Institute of Mining and Metallurgy), is set for Jan 24-26, 1989, at Toronto’s Westin-Harbour Castle Hotel. The symp…