News

Site investigation work, designed to help engineers choose an appropriate site for either a decline or a shaft has begun on the Estrades gold-zinc-copper-silver property in the Casa Berardi area of Qu…

Placer Dome Inc, is a now a reality, and becomes North America’s biggest gold producer. Shareholders at Aug 12 meetings in Toronto and Vancouver gave overwhelming assent to the merger of Placer Develo…

Terra Mines has reported a net loss of $79,000 for the 1987 second quarter compared with a loss of $109,000 during the same period last year. The company also reported a net loss of $120,000 on revenu…

Greenstone Resources says a partially developed ramp at its Gwillim gold property in the Chibougamau area of Quebec will be expanded and a program of exploration drifting carried out. President Ian Pa…

Wescap Enterprises says it has an agreement with Coulson Exploration for the latter to earn up to a 50% interest in a group of claims held by Wescap in Sandra, Irwin, Walters and Dorothea twps., near …

NSR Resources of Toronto has completed pre-engineering and tendering for the 1987 underground work on its Rand Malartic project in Fourniere Twp., Que. A $4.4-million exploration program to be complet…

For the last two years I have been reading that Jimberlana Minerals owns 51% of Pamour Inc. and now in your July 6/87 edition I read that the new owners are Giant Resources, also Australian. Since I h…

Now slipping dangerously onto centre stage in an increasingly troubled world are the striking black South African gold miners. It’s an explosive situation in that already politically torn and divide…

In comparison with the same period last year, Brunswick Mining and Smelting Corp. has reported a dramatic turnaround in its earnings position for the six months ended June 30. The company recently rep…

A 75% interest in Saskatoon- based Amok Ltd. has been acquired by Cogema Canada, a wholly-owned subsidiary of Cogema of Paris, France. Amok was 38% owned by the French Cogema parent and 37% by a Gogem…

Aug. 11 Aug. 10 Aug. 7 Aug. 6 Aug. 5 Gold London Bullion Dealers afternoon (morning) $US per oz. 461.20(463.20) 461.10(459.50) 464.10(464.00) 468.70(468.85) 469.80(469.85) Gold Bank of Nova Scotia, …

A subsidiary has been formed by Robex Resources of Quebec City for the purpose of bringing into production a barite deposit located in Upton Twp. in Quebec’s Eastern twps. The company hopes to have th…