News


Aur and Belmoral negotiate financing, milling deals

Gold-producer Belmoral Mines (TSE) and Aur Resources (TSE) have negotiated financing and custom-milling agreements which should help pick up the fortunes of ailing Belmoral. Aur has agreed to lend $4 …


During 8 years of operating Pinson pays owners $100m

The Pinson gold mining operation near this small town has been a production and cash flow corner-stone for Rayrock Yellowknife Resources (TSE) since mining began in 1981. Despite its modest size, the …


Editorial The crash that wasn’t

The Toronto Stock Exchange’s main indicator, the TSE 300, dropped 142 points or 3.5 % on Friday the Thirteenth, but to hear brokers and market regulators talk, it was a non-event. The Dow Jones index,…



Acquisitor seeking exploration funds

Financing is being sought for exploration of a base-metal deposit on the south part of the Dubuisson property near Val d’Or, Que., and to develop gold-reserve tonnage in the No 5 vein area, Acquisitor…


U of T opens new centre for earth sciences research

The University of Toronto’s new $57-million Earth Sciences Centre, officially opened by Ontario Premier David Peterson Oct 16, will house one of the largest research facilities on the university’s cam…


Hycroft reports record gold production

Operating improvements at the Crofoot-Lewis open pit mining operations in Nevada have boosted quarterly gold production to a record high for Hycroft Resources & Development. Hycroft, a 59%-owned subsi…


Granges to close Tartan Lake

Citing weak gold prices as the primary reason for the decision, Granges Inc. (TSE) announced it will suspend operations at the troubled Tartan Lake gold mine in Manitoba. The company said operating co…


People (October 23, 1989)

CONS CHURCHILL — Steven Simony-Gindele appointed president and chief executive officer succeeding Gunter Deinert.


Westmin, Byron undertake surveys at Nation Lakes

An airborne geophysical survey to outline copper-gold targets is under way on a British Columbia property owned by joint venture partners Westmin Resources (TSE) and Byron Resources (VSE). The 10,600-…


Metals not affected by market collapse

The sudden mid-October stock market collapse and near-recovery the next trading session had little apparent effect on the precious and base metal commodity markets. Gold, silver and platinum enjoyed s…


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