In his letter to the editor (T.N.M., June 22/92), Egizio Bianchini agrees with what I suggest: “Hold while the market is rising and sell when the market is falling.” He says further that price forecas…
What is the largest gold producer in Canada? I’m sure some of you will say it’s the Hemlo mine or perhaps Campbell Red Lake, but you will be wrong. The largest gold producer in Canada is in fact the B…
Noted geologist George Ellsworth died recently while visiting his son in Australia. He was 53. A graduate from Princeton University, Ellsworth had worked for Noranda Inc.’s sales division before he se…
The writer of the article “Juniors raise cash for diamond hunt” (T.N.M., July 6/92) has overlooked the exploration activity going on in the prairie provinces. The Northern Miner is providing an inordi…
Gold producer Hemlo Gold Mines (TSE) has started exploring the Swansea property near Virginiatown, Ont., after signing a final option agreement with Northfield Minerals (ASE). Under the terms of the a…
Michael Callahan appointed director and chief financial officer.
Stirred by signs that a new bull market may lie just around the corner, gold bugs are beginning to emerge from a long hibernation. “We are witnessing an end of the 5-year and 12-year bear market for g…
A firmer gold price rode to the rescue of an otherwise flat market during the week ended July 14 as the yellow metal hit US$350.90 in London, up US$3.25 from last week. Bolstered by the exaggerated in…
A Nova Scotia-based junior recently exercised an option to acquire the Tyro property in Mohave Cty., Ariz., a gold project containing preliminary reserves of 1 million tons averaging 0.12 oz. gold and…
Edmonton-based Golden Star Resources (TSE) recently locked up exploration funds for a number of South American properties through a private placement of 2.1 million special warrants at $2.85 each. The…
Shares of American Reserve Mining (VSE) hit a new low of 8 cents recently after Placer Dome (TSE) agreed to pay $2.28 million cash for the junior’s 35% stake in the Paymaster gold mine project near Ti…
Ontario has approved more than $11-million worth of grants to exploration-related projects this year, announced Shelley Martel, minister of Northern Development and Mines. — The Ontario Prospectors A…
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