1988

A Phase II exploration program operated by Corona Corporation (TSE) is now underway on the Brett property west of Vernon, B.C. The company has earned a 51% interest in the project from Huntington Reso…

Golden North Resources — John S. Godfrey appointed chairman of the board; Paul F. Saxton, president; Anthony Tam, treasurer; Eunice E. Davies, assistant secretary.

A cloud of uncertainty continued to hang over the exchange this week as investors remained liquid, showing reluctance to increase their positions until a clear sign of a market turnaround appears. Cho…

When your broker insists the market is “bottoming out” and the dailies carry stories about brokers having to drive to work in their Volkswagen “bug” instead of a Porsche you just know things are getti…

Production costs at the Arthur White mine near Red Lake, Ont., averaged $510 per oz during the first half of this year, Cambior Inc (TSE) says. Current gold prices are about $525(C). Cambior, which so…

ONTARIO Norad — final rec iss offer 1,000,000 @ 50 cents per sh. NovaGold — final rec iss offer max 10,000 & Min 1,667 @ $1,200 per unit. McLaren — final rec iss offer min 900,000 & max 1,200,000 …

There’s a disturbing pattern emerging in mine safety statistics. While lost-time accidents have shown a significant decline over the past several years, mine fatalities have not been reduced at all. I…

Losses reported on Noramco Mining’s (TSE) balance sheet during the first six months of 1988 were due largely to problems at the Golden Rose mine west of Thunder Bay, Ont., the company announced recent…

Toronto-based Falconbridge Ltd. (TSE), completed the acquisition of 12.5 million Falconbridge common shares and 750,000 common share purchase warrants from Placer Dome Inc. (TSE), the company said rec…

Robex Resources (ME) has signed an agreement, in principle, with Maufort Resources (ME) which allows Robex to buy back up to 13% of its capital share and up to 21% of the capital share of its sister c…

Increased production, an improved gold grade and lower operating costs at the Cannon Mine in Washington State all joined forces to make a better bottom line for Breakwater Resources (TSE) during the f…

The troubled Tisdale joint venture is getting a new partner. Midas Minerals (TSE) has completed an agreement giving the company the right to earn a 60% interest at the fire-sale price of $2 million fr…