Bull Run, Freeport settle Big Springs dispute
An agreement has been signed between Bull Run Gold Mines (NASDAQ) and Freeport-McMoRan Gold (NYSE) to settle their dispute regarding the operation of the Big Springs gold mine in Nevada. As part of th…
News
Noront placement
Noront Resources (VSE) has hired Canarim Investment Corp. to act on its behalf in a $460,000 private placement involving 400,000 units at $1.15 per unit. Each unit consists of one common share and one…
People (June 26, 1989)
AGNICO-EAGLE MINES — C. B. (Cuffy) Dixon appointed to the board of directors.
Serious recession unlikely says RTZ
“Even if the world’s major economies weaken, the mineral and metals industries are unlikely to revert to the weak state they were in during the early 1980s,” says RTZ’s Chairman Sir Alistair Frame. Br…
Editorial Don’t write off ’89 yet
Watch out — 1989 may not be quite the dismal year for mineral exploration many have been predicting. With gold prices in the dumper, investors shy of mining stocks since the ’87 market crash and fl…
Gold producers reap rewards of industrial mineral sales
Not placing all your eggs in one basket is advice more than a few mining companies, in particular those known best for their gold production, seem to have heeded. Subsidiaries of two of Canada’s large…
Arizona Star drills California gold bet
Drilling is scheduled to get under way next month on the Imperial Cty. joint venture in California, owned 65% by Glamis Gold (TSE) and 35% by Arizona Star Resources (VSE). The property covers an area …
Battle Mountain to option HSK’s Kirkland Lake bets
A joint venture agreement with the Canadian exploration subsidiary of Texas-based Battle Mountain Gold Mines (TSE) was the main topic for discussion at HSK Minerals’ recent annual meeting in Toronto. …
Campbell River to crown”King Miner” July 1
Campbell River, B.C., will be the site of a mining competition on Saturday, July 1, during that community’s salmon festival. The contest, sponsored by Westmin Resources, is open to experienced miners …
Despite dropping gold price Nuinsco on track at Cameron
Even though the financial climate could hardly be called hospitable, Douglas Hume strives to be realistic about the task that lies before him. Yes, he admits, a $100(US) per oz jump in the price of go…
Giant Yellowknife selling Ross mine
The producing Ross mine in Hislop Twp. west of Timmins in northern Ontario is being sold by Giant Yellowknife Mines (TSE) to a private company. The buyer is Preston Electrical & Mechanical Ltd. of Tim…
Montana silver project owes its prospects to persistence
From a speech by Frank Duval, President of Montana Reserves Co., at the Montana Mining Association’s centennial convention. Big miners move mountains of ore and mountains of money, but they don’t make…