American Gold Resources, a private Houston-based company, has signed a joint venture agreement with Meridian Gold which gives Meridian the right to earn an interest in American Gold’s Arnett Creek pro…
I would like to point out an error which appeared in The Northern Miner (Dec 4/89). Please note that Logan Drilling, Stewiacke, N.S., was the contractor who provided drilling services for Antioch Reso…
Gold guru turned mine financier Ian McAvity is hoping that the recent upswing in the price of gold will revive his reputation as the man with the Midas touch. As president of Toronto-based mining fina…
The struggling tailings treatment project of ERG Resources (TSE) at Timmins, Ont., is in financial hot water. An Australian bank has terminated the company’s gold loan agreement. ERG, 61.6% owned by P…
The more open attitude toward foreign investment in the Soviet Union provides some interesting opportunities, and where there are opportunities, you’ll find Canadian mining companies. One of Canada’s …
A drilling program has been completed on the Refugio gold-copper porphyry deposit 50% owned by Bema Gold (TSE). Bema is earning the 50% interest in the property from Cia Minera Refugio by funding expl…
Rouyn Mining Resources (TSE) generated revenue of $4.9 million for the year ended Aug 31. Earnings were $808,330 or 9 cents per share. There are no comparative results from prior years. The company’s…
A new chairman has been named for the Quebec Securities Commission. Paul Fortugno, 43, currently vice-chairman of the regulatory organization, will begin his 5-year term Jan 3. Fortugno will replace P…
NUSPAR RESOURCES — Alex Burton appointed to the board of directors and named vice-president of operations.
An amalgamation between Louphior Exploration (ME) and a numbered company, 169457 Canada, has been announced. Shareholders of Louphior will receive one share of the new company in return for four old s…
Week’s Price (US) Change Gold* $417.10 +$15.05 Silver* $ 5.67 +$ 0.13 Platinum* $512.25 +$13.50 Nickel** $ 4.06 –$ 0.14 Lead** $ 0.33 +$ 0.01 …
The federal government provides mining exploration with two major tax-related incentives. Both may be made available by mining corporations to persons who subscribe for their flow-through shares. Of t…
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