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…
With one new mine in production and four more in the pipeline, Canamax Resources of Toronto is entering its second year as a fully- fledged gold producer. For the year ended Dec 31, the company report…
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Feb. 16 Feb. 15 Feb. 12 Feb. 11 Feb. 10 Copper 1440-1443 1429-1432 1390-1395 1384-1385 1350-1355 Lea…
After protracted negotiations, Multinational Resources has concluded an agreement to purchase Du Pont Canada’s Baker mill in the Toodoggone area of British Columbia. For a consideration of $50,000, Mu…
Joint venture partners Jerome Gold Mines and Muscocho Explorations are making a big push this year to find out if the old Jerome gold mine in northeastern Ontario’s Swayze area can be revived. The for…
Volumes were lacklustre on coats this week, as most issues traded less than 25,000 shares. Black Cliff Mines was firm at 65 cents . The company and partner Essor Ex ploration have completed surface fa…
McGill University’s department of mining and metallurgical engineering will run three professional development seminars in April and May this year, the first of which will be held April 18-29, and wil…
An option has been acquired by Beauchamps Exploration from Falconbridge Ltd. on a property located in Bourlamaque Twp. near Val d’Or, Que. Known as the Callahan property, the claims cover an 800-ft-wi…
Don McKinnon, well known for his role in the Hemlo, Ont., gold discovery, has donated $20,000 in scholarship funds to the Haileybury School of Mines. The funds, to be known as the Don McKinnon Scholar…
Calgary-based Catear Resources is aiming for full production late in 1988 at its Gold- wedge property, 35 miles northeast of Stewart, B.C. Work has started on a 120-ton mill. Building construction is …
Alberta-listed H.W.I. Industries says it has entered an agreement with Ironwood Investments International of Vancouver to arrange a $700,000 bridge loan for work on a South American placer mine. Accor…
Spurred by improved U.S. trade deficit figures and a growing belief that the U.S. dollar has bottomed out, a degree of confidence crept back into the markets this week — albeit on miniscule volume. T…
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