Gold is down the road, Denison chairman says
Gold might help the share price of Denison Mines, but it’s not likely the company will be into the gold business for some time yet. Following the annual meeting, Chairman Stephen Roman said that the c…
News
B.C. Mines Minister wants to abolish mining royalties
British Columbia’s Mines Minister Jack Davis is arguing for a level playing field on taxation and freer markets for the mining industry. Speaking at the B.C. Mining Association annual meeting, Davis s…
Golden Rule expects to do record exploration work
Direct exploration costs in the 1987 fiscal year funded by Golden Rule Resources totalled approximately $4.2 million. But it was exposed to $11 million in expenditures under various joint venture agre…
Queenstake expands horizons from placers to hard rock
After spending a decade building its placer mining base, Queenstake Resources is using cash flow from this sector to develop several hardrock properties. Gordon Gutrath, president, believes a producti…
Investment Comment Northgate’s cash could help Westfield
With around $200 million in hand from the sale of its mining arm to Australia-based Western ining Corp., Northgate Exploration is well positioned to acquire some new gold properties. The Toronto outfi…
Hecla to exercise Mooseland option (March 07, 1988)
Hecla Mining Co. of Canada has optioned the Mooseland gold property owned by Acadia Mineral Ventures. Under the terms agreed to by both companies, Hecla can earn a 60% interest by financing the projec…
Inco continues research into emission reduction
Inco Ltd. says its research program is continuing to indicate potential for further reductions in sulphur dioxide emissions from the company’s Sudbury smelter complex. In a report to the Ontario minis…
Increase in market value possible for Franco-Nevada (March 07, 1988)
As holder of a considerable royalty interests in American Barrick Resources’ Goldstrike property near Elko, Nev., Franco-Nevada Mining of Toronto finds itself in an enviable position. Franco-Nevada ho…
Western Mining names CEO to run Canadian Subsidiary
Australia-based Western Mining Corp. has named a new chief executive officer to run its Canadian subsidiary. Jim Lalor, Western’s general manager of investment projects, is scheduled to take up his ne…
City Resources President resigns
Ron Longstaffe has resigned as president and chief executive officer of City Resources (Canada) effective March 31. The company says “Mr Longstaffe has objectively assessed the priorities of the compa…
Gold symposium will include Cape Spencer trip
A 4-day symposium on gold, featuring field trips to Gordex Minerals, the province’s primary gold producer, and to areas of other prominent gold occurrences, will be held in June in Saint John, N.B. …
Editorial Vancouver can rise to the challenge
The Vancouver Stock Exchange for years has lived with the reputation of being a cross between a casino and a floating crap game. It’s been a mixed blessing — a gambler’s paradise, an entrepreneur’s e…