Despite the current recession, the Brewery Creek gold deposit, near Dawson, Yukon, excites investors. Loki Gold, which is earning into the discovery, has recently raised $1.28 million in a public fina…
Workers at Noranda Minerals’ (TSE)Division Mines Gaspe in Quebec have voted 79.8% in favor of a new, 3-year collective agreement effective May 28. The new contract provides for an 18.8% wage increase…
Battle Mountain Canada, a unit of Houston-based Battle Mountain Gold (NYSE), is planning to spend $1 million this year to follow up encouraging results from a group of claims near Kirkland Lake, Ont. …
To help solve its financial problems, St Andrew Goldfields (TSE) is planning an offering of convertible preferred shares in Switzerland. The company said it has appointed Banque Indosuez of Geneva an…
A recent Editorial Page column (T.N.M., May 20/91) by M.R. Brown correctly identifies problems facing the mining industry, many of which have been initiated by various federal and provincial governmen…
An offering worth about $44.6 million, involving the sale of three million units in Canada and Europe only, has been announced by Pegasus Gold (TSE). The gold producer said each unit, to be priced at…
News of McNickel’s plans to earn a 50% interest in a tire recycling joint venture more than doubled the value of the junior explorer’s shares. On thin volume, McNickel gained eight cents to close at 1…
“The history of mining until this century was one of small-scale operations, often crude in terms of technology and hazardous to health and safety but nevertheless providing the necessary mineral raw …
Declining metals prices contributed to a lower all-commodity price index in April, Scotiabank reported from Toronto. The index fell by 0.9% in April after a slight gain in March. Gold, sulphur and co…
While Falconbridge Ltd.’s exploration programs are countrywide, the major exploration project in the Sudbury region is the Thayer Lindsley (TL) underground exploration program. The 16-ft. diameter sha…
The sale of its 32.9% interest in the Hanson Lake copper-zinc- silver property in northern Saskatchewan boosted earnings for Trimin Resources (TSE) to $7.3 million for the year ended Feb. 28, 1991. Th…
The United Steelworkers of America has teamed up with Inco (TSE) to create an Environmental Awareness Committee, the first of its kind in Canada. To be co-chaired by Inco vice-chairman Walter Curlook…
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