Viceroy to start gold production next summer
With major permits granted and financing arranged, Viceroy Resources expects to begin production at its Castle Mountain heap leach gold property in San Bernardino Cty., Calif., by next summer. The $11…
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Pamour parent gaining new Australian owners
The Australian parent of Pamour Inc. is gaining new controlling shareholders. Giant Resources, which in addition to Australia and Canada operates in New Zealand and South America, and which controls P…
Western makes $92-million bid for Nova Scotia gold producer
Terry Coughlan has accomplished what most in the industry only dr eam of. Over the past seven years he has built the largest single portfolio of gold properties in Nova Scotia under the banner of Seab…
Sandhurst gets interest in Cdn.-United Minerals
Australian- based Sandhurst Mining N.L, through its wholly-owned subsidiary, Levelscope Ltd., has agreed to purchase 19.9% of the outstanding shares of Canadian-United Minerals. The company will spend…
Western Mng. bids for Grandview Res.
VANCOUVER — Subject to shareholders and regulatory body approvals, Western Mining Corp., through its wholly-owned subsidiary wmc (bc) will take control of Grandview Resources. The Australian mining g…
Louvem, partners completing drilling at Courvan bet
Encouraged by a drilling campaign just concluding on the Courvan gold property near Val d’Or, Que., are partners Louvem Mines (52%), Courvan Mining (45%) and Aabarock Mining Resources (3%). The curren…
Musacocho bucks market trend with $18 million offering
While the Black Monday market debacle has forced other companies to cut back on their equity financing activities, Toronto-based Muscocho Explorations is going ahead with a plan to raise $18.87 millio…
Indian exhibition
Planning a major mining show next year is India, with the staging of the Indian International Mining Equipment and Minerals Processing Technology Exhibition in New Delhi. The exhibition, scheduled for…
Editorial Tax Reform hurts base metal miners
These glory days for gold are overshadowing the importance of base metals to Canada’s mining industry to the point where the future of base metal mining in Canada is not at all clear. The last thing t…
Yellowjack options Lucky Boy claims
Yellowjack Resources has optioned the Lucky Boy property from Cominco Ltd. Located two km south of the H.B. mine near Salmo, B.C., the property covers showings of lead-zinc mineralization similar to t…
Asamera Minerals shows profit
The new mining arm of Asamera Inc., Asamera Minerals reports net profits from the start of operations on July 1 to Sept 30, of $1.1 million(US) on revenues of $6 million. Pro-forma results (which assu…
Camindex Mines awaits name change approval
While production has resumed at the Valdez Creek placer gold mine in Alaska, Camindex Mines is still waiting for regulatory authorities to approve the company’s decision to change its name. At a meeti…