News

Australian firm plans share stake in Canadian United

An Australian company, Balmoral Resources, will be taking a share position in Vancouver-based Canadian United Minerals, which ultimately could lead to full control. The agreement, which calls for Balm…




Changes announced in senior raks by Placer Dome

Senior appointments by Placer Dome Inc. include some changes over those announced at the time of the formation of the big new gold company. A joint statement from Chairman Fraser Fell and President an…


Depression of ’29 unlikely today, experts conclude

Most financial experts dismiss the worst-case scenario — that the market crash of Oct 19 will propel the world into a depression, as did the market crash of 1929. Although many of the imbalances of t…


Editorial Mr. Pezim’s new bank

Until recently Canada’s banking industry exuded an image of ultra conservatism that, to some extent, was expected by the general public. Let’s face it, you wouldn’t want your friendly banker to arrive…


Franco-Nevada will add to Carlin royalty portfolio

As a renowned poker player and would-be cowboy, Seymour Schulich has taken a gamble or two during frequent sojourns to the Silver State. But when it comes to running Franco Nevada Mining Corp., Mr Sch…



Oasis, Messeguay earning interest in Joubi property

An option to acquire a 49% interest in the Joubi property at Val d’Or, Que., has been obtained by Oasis Resources and Messeguay Mines from Western Quebec Mines. The agreement, subject to regulatory ap…


Northway, Aur report encouraging results

Encouraging gold values have been intersected in the first two drill holes of an exploration campaign on the Bargold property in Barraute Twp., 30 miles north of Val d’Or, Que., Northway Explorations …


Too much emphasis on gold?

The mining industry’s heavy emphasis on gold is endangering the continuity of Canada’s base metals sector after the mid-1990s, warns the federal Department of Energy, Mines and Resources. “A projectio…



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