News

Esso Minerals Canada plans to spend in the neighborhood of $11 million on gold and polymetallic massive sulphide exploration throughout Canada in 1988. About 70% will be directed toward precious metal…

In 1988, Falconbridge Ltd.’s surface exploration budget will be $24 million compared with $22.5 million in 1987. Michael Knuckey, vice-president, exploration, says the proportion of expenditures in su…

Hudson Bay Exploration and Development, a wholly-owned subsidiary of Hudson Bay Mining & Smelting, will again be concentrating its exploration efforts in northern Manitoba and Saskatchewan in 1988. Th…

Last year, Noramco Capital gave a dazzling display of coast-to-coast ** fund-raising that netted about $60 million. This year, the company will narrow the field of prospects and concentrate on specifi…

Granges Exploration has reduced its budget this year, cutting $2.5 million from the $12.5 million spent last year on the search for base and precious metals. Of the current $10-million allocation, 1…

Thanks to the sale, late last year, of the Copper Rand and Portage mines in Chibougamau, Que. to Western Mining of Australia, Northgate Exploration is a cash-rich explorer. Cash and investments total …

Muscocho Explorations and its associate companies (Flanagan McAdam Resources, McNellen Resources, Chesbar Resources and Tashota-Nipigon Mines) will be extremely busy exploring this year, says Terry Fl…

As the dominant property-owner and principal mine-finder along the Carlin gold trend, near Elko, Nev., Newmont Gold has never felt the need to boast about its activities. A portfolio of 15 deposits an…

Agnico-Eagle Mines has set a $9.6 million exploration budget for 1988. The bulk of the money, about $8.3 million, will be spent on surface and underground exploration for silver in the Cobalt/New Lisk…

It looks very much like the flow-through gravy train is making its last whistle stop. Last year, $1 billion was raised through flow-through share financings for grassroots and more advanced exploratio…

The Canadian mining industry loses about $940 million every year because it habitually ignores proper maintenance procedures that could reduce wear and friction in equipment components. That rather st…

Noranda Inc. is going hunting for base metals this year — not to the total exclusion of precious metals, of course, but enough to mark a major shift in emphasis. Last year, for every $6 spent trying …