News

A statement of defence in a lawsuit launched in the Supreme Court of Ontario last year by Scintilore Explorations (TSE), dealing with the staking of mining claims at the Hemlo gold camp in northern On…

Shareholders of VSE-listed Canreos Minerals (1980) approved the issuance of about 4.6 million shares to Belmoral Mines (TSE), the companies report. A debenture worth $1.45 million was converted into 2…

“You can’t sit still in this business. But you have to raise money to go forward.” So said Agnico-Eagle’s Paul Penna at the company’s annual meeting, citing expansion requirements that will call for s…

In terms of natural beauty it’s safe to say that Mother Nature hasn’t been kind to Nevada. But looks can be deceiving and, indeed, much of the state’s wealth lies hidden beneath its barren, inhospitab…

A further 200 claims have been added to the holdings of HSK Minerals (TSE) in the Kirkland Lake area, shareholders were told at the recent annual meeting, making the junior-mining company a major prop…

With a successful financing, NovaGold Resources (TSE) of Halifax, N.S. could have its first gold mine in production by the end of the year, says president Gerald McConnell. Speaking at an information …

A proposed merger between Total Erickson Resources (TSE) and its affiliate Getty Resources (TSE) will result in the creation of a new company called Total Energold Corp. The new entity will have conso…

Gold production from the screening and sorting operation of Ateba Mines (TSE) in Beardmore, Ont., was lower during the winter months than originally anticipated. The reason is one of the coldest winte…

As in past years, international mining company Consolidated Gold Fields’ Gold 88, a review of last year’s gold scene around the world, does not disappoint. Below is a sampling of information “nuggets”…

Abbey — S. Spivak bought 7,500 to hold 58,501. Aurelian — R. Martel bought 60,960 to hold 274,269. Dickenson — Brewis & White sold 100,000 to hold nil. Dumagami — Mentor bought 14,500 to hold 190,…

With operating costs of $57 per ton on a 500-ton-per-day basis indicated by engineering studies, Goldpost Resources (TSE) could achieve cash flow of $9 million in 1989 when production of 25,000 oz gol…

ONTARIO Fire River Gold — final rec iss offer 1,000,000 @ $1.25 per sh to net $625,000. VANCOUVER Cheryl — 500,000 sold for gross $1,350,000. Alberta Natural Gas — gross proceeds rec $35,078,507. E…