News

Corona launches its first wholly-owned U.S. mine

Corona Corp. (TSE) has established its first, wholly-owned beachhead in the United States. The Santa Fe open pit, heap leach operation, several miles southeast of here, was officially launched as a go…


HudBay may shut down without government help

South African-controlled Inspiration Resources (TSE) of New York is playing hardball with the Manitoba and federal governments over a $130-million modernization plan for the metallurgical complex in F…


Alberta Stock Exchange Betts Cove ups Bitech

Drill results from what looks like the one of the best gold discoveries to date in Newfoundland, lead to a cease-trading order early in the week for property-holder Bitech Energy Resources. When news …


Spot prices at a glance (October 31, 1988)

Week’s Price (US) Change Gold (per oz) $407.50 — $ 3.30 Silver (per oz) $ 6.25 — $ 0.07 Platinum (per oz) $539.00 Copper (per lb) $ 1.49 + $ 0.12 Lead (per lb)…


Third-quarter output drops for Hemlo Gold

A lower gold output and higher operating cost were reported by Hemlo Gold Mines (TSE) for the third quarter of 1988 compared with the same period last year. Hemlo Gold, controlled by Noranda Inc. (TSE…


First bulk sample at Geddes’ Windy Craggy

The first bulk sample is being taken at Geddes Resources’ (TSE) Windy Craggy deposit located in northwestern British Columbia. A cross-cut has entered the massive sulphide deposit for the first time, …


Mining research network would cost $50 million

The nation’s nine mining degree granting universities are planning to establish an elaborate, coast-to-coast research network which would cost about $50 million over four years. They recently presente…



Nevada Goldfields’ Aurora mine small, profitable

It took only 72 days and $5.2 million(US) to bring the Aurora mine of Nevada Goldfields (VSE) into production in 1987 — and that capital should be recovered in just over a year. The small open pit mi…


Cliff Resources, Canaustra Gold to merge

Toronto-based Cliff Resources (TSE) says it plans to merge with Canaustra Gold Exploration (VSE) and a numbered Ontario corporation, which owns 100% of Baie Verte Mines Inc. The proposed merger would …


Anglo Dominion Gold has first half loss

Toronto-based Anglo Dominion Gold (TSE) continues to suffer from the market malaise which is currently hampering the fund raising efforts of many Canadian junior exploration companies. The company rep…


Aurogin, Duration pleased with Batchwana exploration

Grab samples from six areas within Aurogin Resources (VSE) Batchawana property have returned gold assays ranging from 0.2 to 0.4 oz per ton. The large 495-claim property is shared by Aurogin and Durat…


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