News

It’s now two down and counting for Canamax Resources’ (TSE) chief executive officer, John Hansuld, who has promised a new mine a year for five years. In fact he’s ahead of schedule with the official o…

After spending around $5.6 million at the Vezza Twp. properties in northwestern Quebec, Dundee- Palliser (TSE) and partner North American Rare Metals (VSE) are gearing up for an underground exploratio…

Initial results from the Bannockburn gold project near Madoc, Ont., suggest there is the potential for a small (200-ton-per-day) underground mining operation, Micham Exploration (VSE) and Mono Gold Mi…

Canada’s two big nickel producers attained record earnings levels in the second quarter of this year. Inco Ltd. (TSE), booming along on higher nickel prices, had record net earnings in the quarter of …

On the approach to the SNIP airstrip 65 miles north of Stewart one begins to understand the hazards of minerals exploration in British Columbia. Sitting off to one side of the airstrip are the remains…

Since 1982, I have accumulated more than 30,000 shares of Cusac Industries. At a time when Cusac wasn’t making any money, I paid from $1.25 to over $3.50 for the shares. Now that the company is maki…

Now that summer has come to northwestern British Columbia bringing with it long days and a snow-free countryside, Newhawk Gold Mines (TSE) has made surface work part of its Phase II program now under …

Things are mighty slow in Vancouver and the short-term prognosis suggests more of the same. Interest rate fears, lower gold prices, and month-end selling are all contributing to the depressed market c…

Amer Barrick — R. M. Smith sold 28,000 to hold 48,860. Armsher — E. Sheriff sold 120,833 to hold 500,000. Audrey — Northgate Expl bought 1,809,155 (private) to hold 1,950,000. Augdome — A. Kohn so…

Already under way with an underground exploration program at its former-producing Surlaga gold property near Wawa, Ont., Citadel Gold Mines (TSE) reports additional results of surface exploration on t…

Federal Finance Minister Michael Wilson has ruled that parties in a flow-through share agreement have up to 60 days after entering the agreement to set the price of the shares. This marks a change fro…

Falconbridge Ltd. (TSE) says the adjusted subscription price for its common share purchase warrants, which expire July 27, 1989, will be $24.69, assuming the previously- announced $4.75 per share divi…