The vitality of Canada’s exploration and mining industry depends heavily on the preservation of flow- through financing in a viable form. The tax reform measures announced by Finance Minister Michael …
Solid financially after recording a profitable year in fiscal 1987, Royex Gold Mining is planning to beef up its exploration side and that of its associated companies. Addressing the topic of explorat…
Water from the 75-year-old Hunter mine near Timmins, Ont., has been pumped down to the first level. Sheathing is being installed on new surface buildings and drifting should begin underground in early…
Encouraging diamond drill results are reported by Gerle Gold at its McConnell Creek gold prospect 150 miles north of Smithers, B.C. All of the 16 holes drilled intersected the main shear zone over wid…
Turned into a mining house with no direct gold production of its own, Pamour Inc. looks like it is about to be transformed completely into a holding company. Pamour’s Australian parent, Giant Resource…
A $60,000 work program is planned by Hedley Pacific Mining on its three claims located on Nickel Plate Mountain near Hedley, B.C. The claims adjoin those of Mascot Gold Mines and Golden North which jo…
Armed with a private placement of $4 million, Douglas Nicholson is back in business. The well-known ex-mining analyst and architect of the successful MFC Mining Finance Corp., has started another vers…
Net earnings in 1987 for Dickenson Mines, which operates the Arthur W. White gold mine in northwestern Ontario, were $6.4 million (44 cents per share), compared with $4.59 million (39 cents per shar…
The old Mt. Nansen gold mine near Carmacks, Y.T., could resume production later this year on an open pit basis now that majority ownership is being acquired by BYG Resources. A wholly-owned subsidiary…
Assuming the current high rates of growth in this country continue, the federal government will be “within shooting distance” of a balanced budget by the mid-1990s, Finance Minister Michael Wilson tol…
Encouraging assays are reported from the first hole of a 10-hole program on Radcliffe Resources’ North Lake prospect in the La Ronge district of Saskatchewan. The hole had four 6-ft intersections grad…
A gold loan of one million ounces, worth about $448 million(US), has been arranged by Newmont Mining of New York, the proceeds to be applied against the company’s $1.6-billion debt load. The loan, arr…
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