1989

The decision by the State of Nevada to increase its net proceeds tax from 2% to 5% has hurt Nevada gold producers including Amax Gold (NYSE). At the company’s recent annual meeting in Denver, Colo., C…

A flake graphite deposit near Fermont, Que., contains proven ore reserves able to sustain commercial production for many years, Mazarin Inc. (TSE) reports. The company says engineering firm Roche and …

Athena Gold Corp. (VSE) says that significant results were achieved in the final phase of drilling at its Talapoosa gold property in Nevada. Drilling in the Bear Creek zone returned 285 ft of 0.081 oz…

Cross Lake Minerals (VSE) and its joint venture partners, Tarzan Gold (ASE) and Glen Auden Resources (TSE) have added an additional 42 claims to the 64 already optioned by them in the Lac St. Jean are…

First-quarter financial results for Pioneer Metals Corp. (TSE) show a net loss of $330,000 or 2 cents a share compared with a loss of $46,000 for the period ended Mar 31, 1988. The company is expecti…

A geochemical study conducted by the Geological Survey of Canada has come up with some interesting base metal anomalies in a relatively unexplored area south of Rimouski, Que. The GSC says it receiv…

The American Mining Congress (AMC) has called for the reauthorization of the Deep Seabed Hard Mineral Resources Act for a further three years at an annual funding level of $1.5 million(US). The AMC to…

China is bringing its direct approach in the buying and selling of non-ferrous metals to Canada. The China National Nonferrous Metals Import & Export Corp. (CNIEC) has been active in the purchase of C…

It may be that Noranda Inc. (TSE) was simply trying to consolidate its status as Falconbridge Ltd.’s (TSE) largest shareholder when it bought 3.5 million of the nickel miner’s common shares recently f…

The nuclear energy industry may be down in the dumps but in Canada the industry is looking forward to a resurgent market in the mid-1990s. In particular, Atomic Energy of Canada Ltd. (AECL) has design…

A Montana- based company has been awarded a contract to mine and process gold ore from one square mile of Tri- Valley Corp.’s Richardson lode project near Fairbanks, Alaska. Tri- Valley trades over th…

Declining gold prices have not hurt American production of the precious metal, according to a study by the Metals Economic Group in Halifax, N.S. In 1989, U.S. gold production will climb by more than …