Nevada Goldfields Corp. (TSE) has shut down its Kingston gold mine in Nevada. Citing lower grades and the failure of exploration to define additional reserves, Nevada Goldfields was forced to close th…
Ontario Premier David Peterson may not like the proposed Amax Inc. (NYSE) takeover of Falconbridge Ltd. (TSE), but he may be powerless to stop it. Peterson, in Timmins, Ont., recently, was asked about…
Plans to spend $10 million to expand its coinage facilities at Fort Saskatchewan, Alta., have been announced by Sherritt Gordon (TSE). The major expenditure will be on the nickel-bonded-steel coinage …
It’s hard to imagine an issue that rings as truly Canadian as the impending sale of Falconbridge Ltd. to U.S.-based Amax Inc. It has all the elements of the traditional struggles between commerce and …
Although some in the mining industry find little merit in Noranda Inc. (TSE) making a takeover bid for Amax Inc. (NYSE), the acquisition still makes economic sense, according to Eric Zaunscherb, base …
Toronto-based Ego Resources (TSE) has optioned a 17-claim gold- silver property near Brislane Lake, N.W.T., from Initiative Explorations (COATS). The agreement gives Ego the right to earn a 100% undiv…
A new gold discovery has been made by X-Cal Resources (TSE) on the company’s Snowbird property near Fort St James, B.C. Located 1,600 ft east of the East zone, the new gold-bearing zone is within a gr…
Marshall Minerals Corp. (ASE) will receive 65% of the sale proceeds from the Restigouche base metals deposit in New Brunswick. East West Caribou Mining, which will process the ore, will receive 35% of…
An ongoing program of step-out and infill drilling by Calpine Resources (VSE) is continuing to return encouraging results from the 21 zone of the Eskay Creek project in northwestern British Columbia. …
Now that three of Canada’s largest mining companies have agreed to participate in the Louvicourt Twp. joint venture east of Val d’Or, Que., a resolution to an ownership dispute is expected to be the n…
A heavy trader this week was Bonanza Metals with 44 transactions in the 95 cents -$1.15 range. This Quebec- based junior is hoping to come up with extensions to the former Poirier copper-zinc deposit …
Having solved a number of operating glitches at its Chetwynd, Nfld. gold mine, Hope Brook Gold (TSE) is currently grappling with a new problem that is obviously beyond its control. As a result of lowe…
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