Editorial Fiduciary incantation
It is highly unlikely that anyone involved in the Canadian mineral exploration business during the past few years has not heard of fiduciary duties. The term was made famous during the LAC-Corona laws…
News
Galore Creek deal portends summer exploration rush
A series of transactions has enabled Goldbelt Mines (VSE) to increase substantially its land position in the Galore Creek camp, north of the Iskut River region in British Columbia. The company acquire…
Goldpost, St Andrew unite on Hislop
Operators of the Goldpost Hislop East gold property in the Timmins- Matheson area of northern Ontario say they intend to bring the project into production. Project partners are Goldpost Resources (TSE…
Black Hawk inspired by results at Minago
Drilling activity at Black Hawk Mining’s (TSE) Minago project in Manitoba is confirming the nickel deposit extends downdip from the Main zone discovered late last year. Two deep holes collared on the …
Selling off oil and gas assets gives Westmin strong earnings
A gain from the sale of its oil and gas assets helped Westmin Resources (TSE) report year-end earnings of $63.6 million or $1.17 per share, compared with earnings of $17.8 million or $0.02 per share i…
Bridger achieves production at Chilean mine
Initial production has been achieved at the Pepa gold mine in the Maricunga district of Chile. The mine is operated by Compania Minera Horus Limitada, a 65% owned subsidiary of Bridger Resources (VSE)…
Success at Jamestown mine factor in ABM Gold results
The future of ABM Gold (AMEX) may depend on a Northwest Territories gold project scheduled to produce annually 200,000 oz., starting in September. But for the moment, the financial fortunes of the 50%…
Franco executes private placement
Franco-Nevada Mining (TSE), which holds a royalty interest in American Barrick Resources’ (TSE) Nevada-based Goldstrike mine, recently completed a private placement of 500,000 special warrants. Exerci…
Avino production sharply higher
Record gold and silver production is reported by Avino Mines & Resources (VSE) for the Avino mine near Durango in central Mexico. Silver production reached 873,000 oz. in 1989, a 56% increase over the…
Asarco challenges Freeport deal
A lawsuit has been initiated by Asarco (NYSE) challenging the sale by Freeport-McMoRan Gold (NYSE) of its 50% interest in the Santa Cruz copper project in Arizona to Minorco. The suit, filed in New Yo…
Losses continue for Callahan
Red ink continued to flow for Callahan Mining (NYSE) which reported a loss of US$13.3 million for the year ended Dec. 31. The loss includes a writedown of US$8.5 million relating to the Ropes gold min…
Orex preparing for feasibility study
Exploration Orex (ME) is weeks away from completing a bankable feasibility study on the Goldboro property in Nova Scotia. The company is seeking about $50 million from a major bank to construct a test…