News


Falconbridge pays $960 million for independence

A few days ago a small airplane buzzed by outside the window of William James’ office on the 40th floor of Commerce Court, in downtown Toronto. The Falconbridge Ltd. (TSE) 0000,0600 chairman was intri…


The tin metal scheme that went wrong

A 29-year effort to “stabilize” tin prices collapsed in 1985, causing enormous financial losses by banks and metal dealers, some Canadian. The price plunged steeply. What happened? The first Internati…




Denn’or announces 2nd drilling results

A second drilling campaign has been completed by Denn’or Exploration (ME) at its 21-claim East Sullivan gold property in Quebec’s Bourlamaque Twp., near Val d’Or. Total reserves (probable and possible…


St Andrew on schedule for production at Stock Twp.

Toronto-based St Andrew Goldfield (TSE) is on schedule for a September, 1989 start-up date at the Stock Twp. gold property, near Timmins, Ont., shareholders were told at the annual meeting. With finan…


The new Corona

The new Corona Corp. (TSE), an amalgamation of five Royex group companies, officially came into existence July 1. Shareholders voted their approval June 3 of the amalagamation of Royex Gold Mining, In…


Ontario to limit applications for IMEP funding

Ontario plans to limit applications to its Ontario Mineral Exploration Program (OMEP), in the wake of the federal government’s new Canadian Exploration Incentives Program (CEIP). The province’s minist…


Que. mineral value jumps 24% in 1987

Mineral shipments in Quebec in 1987 were worth $2.71 billion, up 24% compared with the previous year, the province’s Ministry of Energy and Resources reports in its publication Mineral Resources. Expl…




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