Northgate’s cash puts Colomac on fast track
Northgate Exploration (TSE) has agreed to provide the remaining financing needed to get the $135- million Colomac gold project into production. The cash-rich company will inject $8 million directly in…
News
Minnova/Rea Gold Get Approvals For B.C. Silver Mine
The British Columbia government has approved the Stage I permit for the construction and building of mine facilities on the Samatosum silver project located near Adams Lake, B.C. Minnova Inc. (TSE) ho…
Ketza River gets best results yet
The Ketza River gold mine enjoyed its best operating month yet since starting operations last summer. Operated by Canamax Resources (TSE) and held equally with Pacific Trans-Ocean Resources (TSE), the…
Euro-Nevada obtains Castle Mtn. royalty
Toronto-based Euro-Nevada Mining (TSE) has reached an agreement to buy a 4% net smelter return royalty interest in 540 acres of land on Viceroy Resources’ (TSE) Castle Mountain gold property. Located …
Steel demand gaining in strength
Consumption of crude steel in the non-Communist world is expected to rise by 6% this year over 1987 levels, to 478 million tonnes, delegates to the 22nd annual conference of the International Iron and…
Mining research network would cost $50 million
The nation’s nine mining degree granting universities are planning to establish an elaborate, coast-to-coast research network which would cost about $50 million over four years. They recently presente…
Chile gold boom attracts Canadian firms
Favorable foreign investment laws combined with attractive gold potential have convinced some Canadian mining firms that risk taking in the mountains of Chile is bound to pay off. Currently the third …
Letters to the Editor Free trade and peace
The 12 nations of Europe, which at times have been bitter enemies, contemplate free trade and communication by 1992. Can two old friends, like Canada and the United States, do less? If friendly nation…
FINANCING (October 17, 1988)
VANCOUVER Cazador Expls Ltd — gross proceeds rec $180,000. Gulderand Mining Corp — 400,000 offered at 75 per sh. Amanda Res Ltd — 600,000 offered at 40 per sh. Shoshoni Gold Inc — 500,000 offere…
Spot prices at a glance (October 17, 1988)
Week’s Price (US) Change Gold (per oz) $404.70 $7.45 Silver (per oz) $6.26 $0.04 Platinum (per oz) $517.00 $10.00 Copper (per lb) $1.27 $0.08 Lead (per lb) …
Kewagama raises exploration funds
A flow-through financing agreement worth $435,000 has been reached between Kewagama Gold Mines (Quebec) (ME) and CMP 1988 III Resource Partnership and Co., Ltd. Under the agreement, shares will be iss…
Resources Stroud, Chevron on track at Hislop Twp gold property
Toronto-based Stroud Resources (TSE) says that diamond drilling has continued to expand reserves in the Creek zone on its Hislop Twp. gold property near Matheson, Ont. The company reports the number o…