Editorial Free-trade opponents
Opposition to the proposed Canada-U.S. free trade agreement has recently been coming largely from south of the border while opponents in Canada have been uncharacteristically quiet. The most recent …
News
Summitville output boosts Galactic’s 1987 balance sheet
Higher gold prices combined with production from Galactic Resources’ Summitville mine in Colorado brought the Vancouver company’s balance sheet back into the black. Galactic reported 1987 net income o…
Muscocho buys Westfield’s Mishibishu Lake interest
Partners Muscocho Explorations and Flanagan McAdam Resources have agreed to purchase Westfield Minerals’ 50% interest in a large property in the Mishibishu Lake area west of Wawa, Ont. The property is…
City Resources President resigns
Ron Longstaffe has resigned as president and chief executive officer of City Resources (Canada) effective March 31. The company says “Mr Longstaffe has objectively assessed the priorities of the compa…
Gold symposium will include Cape Spencer trip
A 4-day symposium on gold, featuring field trips to Gordex Minerals, the province’s primary gold producer, and to areas of other prominent gold occurrences, will be held in June in Saint John, N.B. …
Editorial Vancouver can rise to the challenge
The Vancouver Stock Exchange for years has lived with the reputation of being a cross between a casino and a floating crap game. It’s been a mixed blessing — a gambler’s paradise, an entrepreneur’s e…
Metals fights Homestake
Major owners: * North American Metals (50%), Chevron Canada Resources (50%) Commodity: * gold Discovery date: * 1985 Production decision: * August, 1987 Start-up: * fourth quarter, 1988 Capital costs:…
Financing of new mines theme of PDAC convention
The Prospectors and Developers Association of Canada (pdac) has chosen a timely theme for its convention in Toronto this year: Financing — the key to new mines. With the future of flow-through financ…
Quebec plans to introduce new explorer incentives
The province of Quebec started the resurgence in exploration when it introduced its Quebec Exploration Account dedution back in 1980. The federal government brought in the Mining Exploration Depletion…
Dynamic plans to revive Black Hawk
For the second time in just over a year, a group of Toronto investors has promised to reactivate Black Hawk Mining and inject some new capital into the Toronto-listed shell company. Dynamic Capital Co…
Fairbanks hosts heap-leach course
A short course on the recovery of gold from ore using heap leaching technology is being presented at the Alaska Civic Centre, March 22-23, in Fairbanks, Alaska. Presented by the Alaska Departments of …
Aur’s Hewfran bet looks promising
On the verge of becoming a gold mining company, Aur Resources of Toronto could become a larger concern much sooner than previously thought possible, the company says. That was the latest news from Aur…