News

Aur calls bailiff to seize shares pending lawsuit

A cloak and dagger style raid on St. Genevieve Resources’ (TSE) Montreal offices is the latest event in a continuing dispute between St. Genevieve and Toronto-based Aur Resources (TSE). On Aug 23, bai…


Goldcorp buys Wharf shares

Goldcorp Investments, a Toronto-based gold fund, reports acquisition of 219,900 shares of Wharf Resources (TSE), a company which operates a heap-leach mine in South Dakota. Major shareholder of Wharf …


Eskay Creek area comes alive

Although much of the credit has to go to Murray Pezim and hole 109, a full- fledged outbreak of gold fever has set the stage for a new wave of exploration into northwestern British Columbia’s gold cam…


Kewagama funding (September 04, 1989)

Kewagama Gold Mines (Quebec) (ME) has entered into a subscription agreement with a private company, 2161-6925 Quebec Inc., whereby the latter will subscribe to 200,000 common shares of Kewagama at 75 …


Cominco drilling Calnor gold bet

A surface diamond drill program by Cominco Ltd. (TSE) has started on the Spectrum gold property located in the Liard Mining Division in northwestern British Columbia. Cominco has an option to earn a 6…


Bitech to go underground at Nugget Pond property

After outlining a small but high- grade gold deposit on its Nugget Pond property in northern Newfoundland, Bitech Corp (ASE) is set to launch an underground exploration program this fall. Although it …



Piedmont boosts gold production by 56%

Despite persistently wet weather that hampered operations at its Haile heap leach mine in South Carolina, Piedmont Mining (NASDAQ) managed a 56% increase in gold production for its second quarter whic…


Ego starts drilling on N.W.T property

The first phase of a 12,000-ft diamond drilling program has started on the BB and Kennedy Lake properties under option to Ego Resources (TSE) and Asquith Resources (COATS), north of Great Slave Lake, …


Copper output losses mounting

Problems at the operations of Bougainville Copper in Papua New Guinea and of Highland Valley Copper in British Columbia are resulting in lost output of about 6,500 tonnes copper per week, Metals and M…


Drilling under way at Savanna/Aur bet

An agreement allowing Aur Resources (TSE) to earn a 51% undivided stake in Savanna Resources’ (ASE) Turner Albright polymetallic property in southern Oregon was closed recently. Under the agreement, A…


Editorial Governments taking more than their share

Even with British Columbia’s mining industry reporting its best earnings in 10 years, future growth is far from guaranteed. Perhaps the most startling figure to come out of an annual review of the i…


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