News

With 480,000 oz of gold estimated to be produced this year, output has more than quadrupled for Edmonton-based Echo Bay Mines from the 118,000 oz poured back in 1983 from its then-only gold mining ope…

The man who financed International Corona and through it the discovery of the Hemlo gold camp wants his money back. Murray Pezim has gone public about a rift with Corona Chairman Peter Steen and he ma…

The most glamorous gold issue of the decade hit the markets this week. Hemlo Gold Mines, which was issued at $19.25, opened up at $20.63 and closed at $20.75. The issue traded as high as $21 on good v…

Drilling is under way at the 100%- owned Schell Ranch property in Calaveras Cty., Calif., says Colony Pacific Explorations President Pierre Lebel. Five holes, SR No 16 to SR No 20, were drilled at 100…

After a 50-year absence, primary gold production has returned to Saskatchewan. In January, the Star Lake gold mine poured its first gold bar, weighing in at 712 oz. The bar had a value of $350,000. Sh…

Two awards were presented at the B.C. & Yukon Chamber of Mines annual meeting, one to Dr N. B. Keevil Sr and the other to James McDougall, for their contribution to the province’s mining industry. Mr …

A joint venture agreement has been reached between Courageous Exploration and Bow Valley Industries. Courageous is held 65% by Savana Resources and 35% by American Chromium Ltd. Under the terms of th…

Malartic Hygrade Gold Mines has arranged financing for $3.1 million via an issue of flow-through shares to two funds in Quebec. The funds will finance exploration in the company’s Orion property in Qu…

Recognizing that a stronger Canadian dollar will lead to lower interest rates, investors are scurrying into equities — both blue chip and speculative. Market volume on Vancouver has been climbing ste…

Mary Ellen Resources has signed a letter of intent with the Saskatchewan Mining and Development Corp. (SMDC) whereby Mary Ellen and Lenora Explorations have agreed to joint venture a 17,000-acre Lodge…

Based on 15 intersections from the Tonawanda property in northwestern Quebec, Novamin Resources has determined that the newly discovered zone has an average grade of 0.25 oz gold per ton across 9.9 ft…

A $1-million flow-through- share-funded exploration program will be conducted this year on two properties held by New Beginnings Resources. At the 59-claim Oskabukuta property east of Hemlo, Ont., New…