Silverside mill, tailings pond almost ready
Final construction of the mill and tailings pond is under way at the North Cobalt silver property being developed in a joint venture by Silverside Resources and International Platinum Corp. Production…
News
Production looks possible at Aur’s Quebec gold bets
Toronto-based Aur Resources has intersected what the company calls very high-grade gold mineralization at two of its Quebec exploration projects. The 3-claim property is adjacent to the Norlartic mine…
Vancouver Stock Exchange Rising interest rates spell trouble
The downtrend in Vancouver has become much more pronounced and with interest rates heading higher it could get worse. Japan has been raising its rates which in turn has forced the U.S. to react. Histo…
Uranium supply in Canada rises to 576,000 tonnes
Total known uranium supply (measured, indicated and inferred) in Canada at the end of 1986 was estimated to be 576,000 tonnes, the ministry of energy, mines and resources reports. That total is up fro…
Golden Terrace has two drills set for program
Two drill rigs have been mobilized to carry out 30,000 ft of diamond drilling in stage 2 work on the gold project of Golden Terrace Resources at Richardson Lake, some 70 miles east of Red Lake, Ont. T…
Toronto Stock Exchange Higher rates fueling downward correction
There’s nothing quite like a major market correction for knocking the euphoric wind out investors. These are nervous and tense days indeed, which have witnessed a 120-pt five day losing streak gain st…
Ferris, associates selling shares in Kewagama Gold
A deal has been struck by A. N. Ferris, president of Kewagama Gold Mines and related parties, whereby they will sell to a numbered company, 731559 Ontario Ltd., 1.4 million shares (representing more t…
Editorial Here’s to you, jack-of-all-trades
The days of specialty labor jobs in the mining industry are fast coming to an end. In today’s dynamic underground working environment, the “jack-of-all-trades” is in high demand. The multi-skilled min…
Queries The Insider Trading report
I have been a reader of your paper for many years and wish to commend you on its format and informative content. I am particularly interested in the Insider Trading column. Are these listed insider …
Battle Mountain stock offering
To increase its working capital and provide financing for corporate purposes including possible acquisitions, Battle Mountain Gold has announced a three-for-two stock split through a stock dividend. U…
Dollar uppermost in basket plan, forecaster says
The recent proposal by U.S. Treasury Secretary James Baker to link world currencies and a basket of commodities, including gold, has more to do with stabilizing the troubled U.S. dollar than remonetiz…
Ateba to explore Beardmore mine
Milling operations have started on the surface rock dumps at Ateba Mines’ Beardmore gold properties near Thunder Bay, Ont. To provide more mill feed for expanded milling operations at the Pan- Empire …