Wheaton River arranges financing
After experiencing frustration in its attempts to obtain permits and financial backing, Wheaton River Minerals (WRM-T) has secured financing for its Golden Bear heap-leach project in northwestern Brit…
News
Echo Bay to launch two new gold mines
Echo Bay Mines (ECO-T) has announced production plans for two new gold mines — one in Canada, the other in Mexico.Over the next two years, the major plans to contribute a total of US$167 million towa…
COMMENTARY — Gold and the Euro
Europe should have a new currency on Jan. 1, 1999, but the role gold will play (if indeed it plays any) has yet to be determined.Planning for the new European currency, the Euro, gathered momentum in …
PEOPLE — QUEBEC PROSPECTORS ASSOCIATION
Chantal Patenaude nominated general director.
PEOPLE — PREMIER MINERALS
Tim MacDonald appointed director.
PEOPLE — PANGO
Benjamin Gibson appointed director; Wayne Tisdale appointed exploration manager.
PEOPLE — NU-APEX (January 27, 1997)
Jordan Ethans appointed director.
PEOPLE — MAJOR GENERAL (January 27, 1997)
Glenn Shevchenko appointed president.
PEOPLE — INTERCONTINENTAL MINING (January 27, 1997)
Craig Thomas appointed interim president.
PEOPLE — HARNISCHFEGER (CANADA)
Allan McGowan appointed managing director
Madsen boosts reserves at namesake gold mine
Underground drilling is enabling Madsen Gold (MGF-T) to increase reserves at its Madsen mine in the Red Lake camp of northwestern Ontario.During the fourth quarter of 1996, the company outlined, in th…
Royalty sisters to build Nevada mine
Sister royalty companies Franco-Nevada Mining (FN-T) and Euro-Nevada Mining (EN-T) have approved an US$84-million development plan for the Rex-Grande gold deposit in Nevada’s Carlin trend.The companie…