In response to floundering nickel markets worldwide, Inco (TSE) is slashing production, curtailing capital expenditures and introducing other cost-cutting measures. Shortly after denying rumors of cut…
Getting in and out of the mining business is becoming much more costly, thanks to securities demanded for abandonment, a Vancouver lawyer said at a recent environmental law conference here. Lynne Hues…
Despite a preliminary estimate of more than one million tons of ore grading half an ounce of gold per ton, there were no takers. Even when gold started its upward climb from US$40 per oz. in 1970 to a…
Ressources Minieres Canaco (MSE) has signed an agreement allowing it to acquire a 50% interest in First Standard Mining’s (VSE) Val St-Gilles gold property north of Lasarre, Que. To earn its interest,…
Partners Echo Bay Mines (TSE) and Crown Resources (TSE) are busy with a US$15-million development program at their Lamefoot deposit in northeastern Washington state. The property is part of the Kettle…
Recent drilling on the Tulsequah Chief property in northwestern British Columbia confirms the massive sulphide deposit extends below current reserves. Redfern Resources (TSE), 100% owner of the proper…
The recent acquisition of a subsidiary of Tenneco will give Equinox Resources (TSE) another operating mine. The acquisition, priced at about US$2.4 million, includes a 100% interest in the Goldstrike …
Drilling is under way on Flag Resources’ (ASE) 24,000-acre claim block covering the Wanapitei anomaly near Sudbury, Ont. The 5,000-ft. hole is designed to penetrate basement rocks underlying the Huron…
Mt. Grant Mines (VSE) reports the successful completion of a private placement of 500,000 units grossing $750,000. Brokerage house Yorkton Securities was paid a 7% commission consisting of 35,000 unit…
DCC Equities, a subsidiary of Dundee Bancorp (TSE), has sold 3,600,000 shares of Bethlehem Resources (TSE) and 2,527,382 shares of Rea Gold (TSE) to CMP Resources (ME) in exchange for 1,520,000 shares…
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A television campaign to improve mining’s image and to stress its importance has been launched by Ontario’s Department of Northern Development and Mines. It targets viewers in the Toronto and Hamilton…
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