With the price of gold bullion recently sinking below US$360 per oz., mining companies will be facing increasing pressure to keep production costs in line at their operations. Declining precious metal…
News of a new zone discovery at the Grevet zinc property near Matagami, Que., helped propel the shares of VSM Exploration to $1.20, a gain of 35 cents, on a volume of more than 500,000 shares, for the…
Canada’s mining industry is coming off a period that has been one of the most prosperous ever. It will be tough during the 1990s to match the combination of strong demand, rising prices and improved p…
The complicated restructuring under way at Corona (TSE) will involve several share exchanges among the shareholders of Corona, Prime Resources (VSE) and Stikine Resources (TSE). In a series of transac…
A Toronto-based junior is hoping to make a pile of money through the sale of several products from a former producing iron ore district in the province’s northeast. La Fosse Platinum (TSE) is gearing …
Nine recently completed drill holes on BMR Gold’s America Mine project in California have intersected more high-grade reserves in an area where initial open pit production is planned. One intersection…
John Toffan, chairman of Prime’s partner Stikine Resources (TSE), may wind up better off financially though he may never be as recognized for his role in the Eskay Creek gold discovery as Prime Resour…
W. D. Tieman has been appointed Ontario’s new Mining and Lands Commissioner, effective June 1, 1990.
William Grismer appointed president and chief executive officer succeeding William Allan who resigned. People May 22, 1990…
Contrary to what was reported (T.N.M., May 28/90), the average cost of production at Canamax Resources’ (TSE) three Canadian gold mines during the first three months of 1990 was US$372 per oz., compar…
A.M. Sinclair and Don Archibald appointed to the board of directors.
Timmins Land, a privately owned company based in Timmins, Ont., has entered into an agreement with Breakwater Resources (TSE) to buy the South Rundle mine property for $1.5 million. The 800-acre prope…
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