Editorial Goodbye buck, hello coin
“The average guy on the street loves the coin.” Goodbye dollar bill, hello dollar coin. We’re not quite sure how the Royal Canadian Mint’s communications director, Murray Church, can be so positive …
News
Nexus in venture in Toodoggone
Nexus Resource Corp. has concluded a joint venture agreement with St. Joe Canada and Imperial Metals Corp. on their Silver Pond property in the Toodoggone area of B.C. Under the agreement Nexus will i…
Share issue by Belmoral
An agreement has been reached between Belmoral Mines and McLeod Young Weir International whereby McLeod will purchase four million units, each consisting of one share and one warrant, at $6.50 per uni…
Decision near on Murgold claims in Chester Twp.
A production decision may be near for part of the Chester Twp. gold property in northern Ontario owned by Murgold Resources, President C. L. McAlpine reports in the annual report. Murgold has 294 clai…
St. Andrew to produce at Stock Twp. property
It came as no surprise to the shareholders and other interested onlookers when the announcement came that St Andrew Goldfields will proceed to production on its Stock Twp. gold mine near Timmins, Ont….
Vancouver Island bet
Drilling has resumed at the Debbie property on Vancouver Island, a joint venture between Westmin Resources (the operator), Nexus Resource Corp. and Angle Resources. The initial joint venture budget fo…
Northair control war is nearing its climax
The winner in the battle for control of Northair Mines will be decided at the annual meeting July 9. But in the meantime, Northair and its suitor, Nor- Quest Resources, are engaged in an information c…
Terra high on gold project
With more than $5.6 million in working capital, debt-free Terra Mines of Edmonton is hoping its Las Minitas gold project in northwestern Mexico will get the company back on the right track. Terra, whi…
Metal Prices FREE MARKET LLondon Metal Exchange
Spot closing prices in Pound Sterling per tonne Date June 30 June 29 June 26 June 25 June 24 Copper 991-992 988.5-989 992.5-993.5 993-995 968.5-969.5 Lead 389-389.5…
Agnico earnings up smartly gold, silver output climbs
There was good news aplenty at Agnico-Eagle Mines’ annual meeting this year, another jam-packed homecoming affair: * earnings are way up and headed higher * its main gold operation is now in the best …
Mine Lake placement
Mine Lake Minerals says it has completed a private placement of 500,000 units, each unit comprising one flow-through common share and one unit purchase warrant good to purchase a further flow-through …
Noranda, Getty deposit could be Hemlo size
A mere six years have elapsed since news of the fabulous Hemlo discoveries rocked the mining world. Yet details of another gold discovery, which displays geological parameters of Hemlo-size proportion…