Metal mining tax peculiarities (2)
(Editor’s note: This column is the conclusion of a two-part review. In the first part published last month, the writer looked at the origins of mining ** taxes.) ** The cat…
News
Editorial Doctors are hard to get
Getting adequate medical services, particularly a doctor in-residence, is just one of the many challenges that face some small mining communities in remoter areas of Canada, especially in the northern…
Reaction mainly favorable to flow- through successor
Reaction to the federal government’s new resource exploration incentive, or grant scheme which will replace flow-through funding runs from “cautious optimism” to positive, The Northern Miner found in …
News in Brief (May 16, 1988)
Lenora Explorations (TSE) and Mary Ellen Resources (VSE) have entered into preliminary discussions regarding the possible merger of the two, the boards of directors of the companies have announced.
NovaGold financing (May 16, 1988)
NovaGold Resources of Halifax has signed an agreement with M.E.Q. (1988) Mineral Exploration and Co. Ltd. Partnership, providing for the purchase by the latter of $2,510,000 of flow-through NovaGold c…
Most successful Conwest marks 50th anniversary
One of the most successful resource companies in Canada today, Conwest Exploration (TSE) will be celebrating its 50th anniversary next month. A success story from Day One, it is something of a chronic…
Echo Bay, Nuinsco still short of mineable grades at Cameron
The jury is still out on the mineability of the Cameron Lake gold deposit in northwestern Ontario, shareholders were told at Nuinsco Resources’ (TSE) recent annual meeting in Toronto. Partners Nuinsco…
Breakwater says financing available for acquisition
With $36.4 million in working capital and its bank debt paid off, Breakwater Resources (TSE) has the financial clout for a major acquisition — and the target could be Asamera Inc.’s (TSE) minerals di…
Obituaries (May 16, 1988)
Thomas M. Crandell, vice-president mining for Orofino Resources, died in Orillia, Ont., May 6 after a brief illness. Crandall, who was also general manager operations for Orofino’s parent company, Nor…
Denison has sold its interest in Standard Trustco
After failing at the first attempt, Toronto based Denison Mines (TSE) has sold its 44.8% interest in Standard Trustco Ltd. to Roman Corp. for $71.6 million, the company said recently. The new $22.95 p…
Northgate remains quiet on acquisition rumors
Since Northgate Explorations (TSE) sold its Chibougamau, Que., gold/copper mines to Western Mining of Australia in December for $160 million, the question most asked around the Northgate offices is “w…
Faith Mines starts drilling program
Faith Mines (VSE) has commenced an 8,000-ft diamond drill program on 7 1/4 mineral claims situated approximately 2,000 m east of Perron Gold Mines’ Sleeping Giant deposit in Chaste Twp., Que. Faith en…