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…
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…
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 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 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…
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…
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…
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…
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. …
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…
Toronto-based Golden Range Resources says it will offer shareholders the right to acquire shares and warrants of its capital stock in a bid to raise more than $1.6 million. Golden Range says Canarim I…
The Mining Association of Canada (mac) has released results of a study which show that labor productivity in the country’s metal mining industry has doubled since 1981. George Miller, president of mac…
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