An $8-million gold loan is being arranged by Nova-Cogesco Resources (TSE) with Cambior Inc. (TSE). Proceeds of the loan, at the agreement-in-principle stage, will be used to finance Nova-Cogesco’s sha…
While the focus of Heenan Senlac Resources (TSE) is currently on oil and gas developments in Saskatchewan because of the rapid cash payback, it is still very much involved in mineral exploration and i…
The price of gold fell to $434.90(US) per oz at presstime, with analysts blaming a stronger U.S. dollar and falling grain prices for the decline. “The U.S. dollar is strong, that’s the key,” said Toro…
A falling gold price at week’s end seemed only to spur investors on the Montreal Exchange, where both the market portfolio and mining and minerals index recorded gains during the holiday-shortened tra…
A number of Alberta gold issues suffered as the price of gold dipped from $441 to $434(US) per oz in response to a reduced outlook for inflation. One of the biggest casualties was the International Ba…
A mine rescue team from Cominco’s Sullivan mine at Kimberley, B.C., won top spot in the underground mining category in a recent province-wide mine rescue competition. A total of nine B.C. mines took p…
Renewed confidence in the U.S. dollar ravaged gold prices which crashed almost $15 to $443.55(US) on the second London fix. The result was a sell-off of most gold equities which pushed the gold and si…
Cassiar Mining (TSE) has acquired Similco Mines, a wholly-owned subsidiary of Newmont Mines, and its principal asset in Canada, the Similkameen copper operation near Princeton, B.C. The $10-million pu…
Morton Gordon, chairman of Gordex Minerals, has been named 1987 “Developer of the Year” by the New Brunswick Prospectors and Developers Association, and received a presentation at a recent gold sympos…
Murgold Resources (TSE) President Charles McAlpine had some good news for shareholders at the company’s recent annual meeting in Toronto. He said Murgold and partner Chesbar Resources (ME) have electe…
Discerning the geometry of Geddes Resources’ (TSE) Windy Craggy deposit has been more difficult than anticipated — even from underground mine workings. The company has been drilling fan holes to stra…
Bitech Energy Resources (ASE) is targeting late 1989 as a production start-up date for the company’s Tache Lake polymetallic deposit in northern Quebec. Shared equally with Greenstone Resources, (TSE)…
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