In a bid to stave off a hostile takeover bid by American corporate raider T. Boone Pickens, Newmont Mining Corp. — one of the largest gold miners in North America — just got bigger. The company, whi…
Another gold mine in the booming Val d’Or area is to be reopened. Culminating lengthy negotiations, Ronrico Explorations has come to an agreement under which it can earn up to a 75% interest in the Lo…
A $125,000 working capital loan has been arranged by Bitech Energy Resources. The loan was provided by D.C.C. Equities. Exploration funding for the year will come from two placements of flow-through s…
La Fosse Platinum Group continues to meet with encouragement at the company’s platinum group metals projects spread across the Schefferville and Kuujjuaq regions of Labrador. In the Retty Lake area, L…
Dundee-Palliser Resources of Toronto reports a net loss of $61,781 (1.4 cents per share) compared with net income of $67,656 (2.1 cents per share) for the same period in 1986. The 1986 first-half re…
Vancouver-listed Trader Resource Corp. has released partial diamond drilling results from its Tel deposit on the Yellow Giant property at Banks Island, B.C. The company says it has completed 61 holes …
Diamond drillng contracts have been awarded by Cuvier Mines for projects in Newfoundland and Labrador. On the Baie Verte peninsula in Newfoundland, Cuvier plans to drill 5,000 ft on the company’s Ming…
A feasibility study is being prepared by Wright Engineers for Consolidated Professor Mines’s Duport gold project. Located at Shoal Lake, west of Kenora, Ont., the Duport property hosts a geological re…
The old Melba gold mine near Kirkland Lake, Ont., is being bought by Canreos Minerals (1980) under an option agreement from Nordex Explosives for an aggregate price of $750,000. Canreos President Koos…
Nearly four years after Prime Minister Brian Mulroney declared that Canada was open for business, Australian mining companies have been answering the clarion call with an unprecedented wave of investm…
One of the more active junior issues on the Canadian mining scene today, Tandem Resources is still spreading its wings. In excellent financial shape (cash and marketable securities approaching $10 mil…
Trading activity remained high this holiday-shortened week on the Montreal Exchange but the trend was downwards, with both the market portfolio and mining and minerals index losing ground. Stories of …
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