Claude proposes restructuring
A notice of intention to make a proposal under a section of the Bankruptcy and Insolvency Act has been filed by Claude Resources. Under the Act, Claude will be permitted to make restructuring proposal…
News
LATIN AMERICA SPECIAL — Growing mineral exploration activity
The Central American nation of Costa Rica is host to a growing number of exploration companies. The country’s placer gold deposits have been exploited from the earliest days of the Spanish colonial re…
LATIN AMERICA SPECIAL — Ecuador’s copper attracts juniors
Ecuador’s copper deposits have attracted two Vancouver juniors, Kookaburra Resources (VSE) and AG Armeno Resources (VSE), which hope to establish a solvent extraction-electrowinning operation (SX-EW) …
LATIN AMERICA SPECIAL — Economy gathers strength in the
The economy of the Dominican Republic improved markedly in 1991-92, reports the International Monetary Fund (IMF). Real gross domestic product grew by an estimated 6% in 1992 whereas inflation was est…
LATIN AMERICA SPECIAL — Greenstone makes plans for La
Wracked by civil unrest until three years ago, Nicaragua has embraced the mood of Latin America. The doors are open to foreign investment and privatization is in. The operating, 150-ton-per-day (tpd),…
Claim staking intensifies around Goose Lake find
Staking is intensifying in the Back River area of the Northwest Territories, where Homestake Mining (TSE) is said to have made a significant gold discovery. Homestake declined comment on the Goose Lak…
Placer to drill Turquetil property
A drill program will begin in April on Placer Dome’s (TSE) Turquetil gold project, 130 miles southeast of Rankin Inlet, N.W.T. The drilling will test several new gold targets along the extension of th…
LATIN AMERICA SPECIAL — Canadian tax levels top business
High levels of taxation — not labor costs and wages — was the main concern expressed by Canada’s top 1,000 business leaders when asked about their ability to compete with similar companies in Mexico…
PDAC forum to focus on Whitehorse initiative
Three politicians from different regions of the country are to speak at the annual convention of the Prospectors and Developers Association of Canada, March 27-31 in Toronto. They are: — William McKn…
Franco-Nevada issue worth $38 million
Gold royalty company Franco-Nevada Mining (TSE) plans to raise at least $38 million through an offering of special warrants. The Toronto-based company has entered into an agreement with First Marathon…
Study of economic impact of mining in Ontario released
Mineral production in Ontario is a technologically advanced business that supplies a broad range of benefits to the province’s economy, according to a study by management consulting and accounting fir…
Goldpost selling Ontario properties to St Andrew
Toronto-based junior Goldpost Resources (TSE) is selling its properties in northern Ontario to St Andrew Goldfields (TSE). The three contiguous gold properties — Hislop East, Holcorp and Valliere — …