Toronto-based Canamax Resources has reached an agreement with National Westminster Bank of Canada to finance construction and development of Canamax’s three new gold mines. They include the company’s …
Higher grades of ore are being mined in the Hemlo area of northern Ontario, the three gold-producing mines there report. Hemlo Gold Mines’ Golden Giant mine is currently milling ore in the 0.41-oz-gol…
Vancouver-based Surf Inlet Mines recently completed a private placement with Beltech Corp. of Australia to raise $1 million to finance the first phase of a major underground program at the Surf Inlet …
Exploration work at Gunsteel Resources’ Nugget property continues to enhance its production potential. Because the geology and mineralogy of the various gold-bearing structures are quite complex, the …
An agreement has been reached between Maufort Resources and Ressources Minerales DeMontigny whereby the latter may increase its interest to 50% in the Siscoe- extension property in northwestern Quebec…
The world’s largest and richest uranium deposit took another step closer to production. Cigar Lake Mining Corp., which owns the Cigar Lake project in northern Saskatchewan, says that environmental app…
ALUMINUM: MW U.S. Market 85.00 cents -88.00 cents per lb. (Oct 22, 1987). ANTIMONY: New York dealer $1.10-$1.16 per lb. (Oct 8, 1987). BISMUTH: New York dealer $4.90-$5.00 per lb. (Oct 22, 1987). CAD…
Alberta-listed American Ore has reported a deficit of $9,390,795 for the six months ended June 30, compared with $8,049,966 during the same period last year. Revenues for the first six months of 1987 …
After four years of substantial shortfall, it appears the global copper market is set to revert to oversupply in 1988 as production surges ahead, Shearson Lehman Brothers reports in its Annual Review …
Teeshin Resources has won an arbitration hearing which allows the company to become the operator of the Dome Mountain gold project in British Columbia. Teeshin will be replacing Canadian United Minera…
Higher metal prices gave Falconbridge Ltd. a third quarter 1987 net profit of $17 million, or 23 cents a share, the company reports. That’s close to three times the $6 million profit (9 cents a shar…
The fact that Imperial Metals Corp. was after Westmin Resources’ Blue Moon project has probably been one of Vancouver’s worst kept secrets over the years. But it became very apparent in May, 1986, whe…
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