Long-awaited amendments to Ontario’s antiquated Mining Act were tabled in the provincial legislature this week by Mines Minister Hugh O’Neil. The bill to amend Ontario’s 83-year-old Mining Act follows…
COEUR d’ALENE MINES — Michael C. Tippet appointed exploration manager.
Underwriter Brault, Guy, O’Brien is the agent for a $6-million offering by Exploration Orex, not McNeil, Mantha as reported in N.M. Oct 23/89.
Investors in flow-through shares in Quebec have been given a new break by the provincial government. Beginning this year, investors will not have to include flow-through tax benefits in the calculatio…
Recently increasing its interest (direct and indirect) in Wharf Resources (TSE) to 43.4% was Goldcorp Investments, a Toronto- based gold fund company. Goldcorp reports purchasing 358,200 shares of Wha…
The Vancouver Stock Exchange received confirmation that Canarim Investment will subscribe for and take down one million units of Prime Resources (VSE) that had been the subject of a recently disclosed…
A NIM and Company limited partnership has committed for the flow-through private placement of $300,000 at 30 cents per share to Teeshin Resources (VSE). Funds will be used on the Dome Mountain projec…
Start-up of the Premier Gold mine project near Stewart, B.C., is proving to be a challenge for project operator, Westmin Resources (TSE). The company said the open pit mining program is now several mo…
The Tundra Gold project — one of the largest undeveloped gold deposits in Canada — is looking uneconomic at current gold prices, say owners Noranda Inc. (TSE), Hemlo Gold Mines (TSE) and Total Energ…
Annual gold output from the Golden Patricia mine in northwestern Ontario has exceeded original expectations. The underground mine, owned 100% by Bond International Gold (TSE), produced 49,635 oz of go…
A sudden heart attack has claimed the life of Toronto consulting geologist Edward Wade. Wade, who worked at various times with Falconbridge Ltd., Lac Minerals and Rio Tinto Zinc, was 49 when he died. …
Gold hedging activity enabled Hemlo Gold Mines (TSE) to earn $10.9 million or 13 cents per share during the third quarter of this year. Despite a drop of $85 per oz of gold during the period, the com…
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