In an unusual move for a royalty company, Franco-Nevada Mining (TSE) has announced a 25,000-oz gold loan. Through its wholly-owned U.S. subsidiary, Franco-Nevada has negotiated the 5-year gold loan wi…
Acadia Mineral Ventures (TSE) has started a diamond drilling program on its Vermilion Lake gold property near Sioux Lookout, Ont. The drill program will test several geophysical anomalies outlined by …
Like sister company Northgate Exploration (TSE), Toronto-based Westfield Minerals (TSE) recently became part of a huge network that is controlled by the Bronfman- owned Hees International Bancorp. Tha…
Twelve months ago, drill rigs were at a premium in Nova Scotia as companies rushed to qualify flow-through expenditures for the 1987 tax year. This February, you could count the number of drills opera…
Even with lower metal prices, 1988 was the best year in Coeur D’Alene Mines (Amex) history, according to the company’s president, Dennis Wheeler. Net inco me was $15.4 million(US) or $1.45 per share…
A bulk sampling program completed at the Magnacon mine project has yielded mill head grades up to 81% higher than the uncut chip sample averages, partners Muscocho Explorations (TSE), Flanagan McAdam …
With 20 months of reserves remaining at its Scadding gold project near Sudbury Ont., Orofino Resources (TSE) is under pressure to find a new source of cash flow among its portfolio of exploration prop…
Drilling has added tonnage to known reserves at the Lamaque gold project, operated by Teck Corp., (TSE) and partner Tundra Gold Mines (VSE). Using drill data supplied by Teck, Tundra has estimated res…
The Women’s Association of the Mining Industry of Canada, held its annual scholarships and bursaries dinner recently at the Engineers’ Club, in Toronto. Christopher Gomes, a Fourth- year student in Me…
No cause has yet been determined for an accident at Placer Dome’s (TSE) Dome mine in South Porcupine, Ont., on Feb 20 that claimed the lives of three miners. The three men — Lionel Legault, 47, of So…
Mountain West Resources (VSE) has calculated a new geological reserve for its Elkhorn property in Montana. The new reserve study indicates some 786,000 tons averaging 0.1 oz gold or 530,000 tons gradi…
In a push to increase and find new reserves to eventually feed its mill near Hedley B.C., Corona Corp. (TSE) is currently operating five diamond drill rigs on a number of properties near its producing…
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