1988

Claims by Noranda Inc. that exploration information about a gold property in northwestern Quebec was withheld prior to the sale of shares in one of the companies involved have been denied by Agnico-Ea…

How does this deal sound? Buy a land holding consisting of 81 claims groups for $300,000 cash and 474,920 shares valued at about $1.2 million in total. Then, within a year, farm-out a 50% interest in …

In the 1970s the Honduran government imposed an onerous tax burden on Rosario Resources (a subsidiary of Amax Inc.) which led to the closure of its El Mochito mine, a major lead-zinc- silver producer….

The privatization of Canada’s as yet unamed uranium mining giant, is expected to spark a scramble by deal-hungry corporate finance departments vying to get a piece of the action. Following the October…

AGIP Canada, the wholly-owned affiliate of AGIP SpA of Italy, one of the world’s leading oil and gas companies, is taking on a more aggressive role in the Candian mining industry. Although the company…

Earnings of $3.5 million (11 cents per share) were recorded by Belmoral Mines of Toronto during 1987, compared with net income of $1.4 million (5 cents per share) for the year before. Revenues for th…

Net income of $591,000 (2 cents per share) was recorded by Toronto- based Hope Brook Gold for the five- month period ending Dec 31, 1987. Cash provided by operating activities totalled $674,000. Hope …

The tonnage calculation of the D8 north, D8 south and D9 zones, following the 1987 drilling program at the Delta project in northern Quebec, stands at about one million tonnes of possible and potentia…

A proposed plan to merge two closed-end flow-through investment funds into an operating mining finance house, is being opposed by CSA Management Ltd. Officers of Equity Preservation Corp. and Equity R…

Solid financially after recording a profitable year in fiscal 1987, Royex Gold Mining is planning to beef up its exploration side and that of its associated companies. Addressing the topic of explorat…

Assuming the current high rates of growth in this country continue, the federal government will be “within shooting distance” of a balanced budget by the mid-1990s, Finance Minister Michael Wilson tol…

Encouraging assays are reported from the first hole of a 10-hole program on Radcliffe Resources’ North Lake prospect in the La Ronge district of Saskatchewan. The hole had four 6-ft intersections grad…