Gold is found in a variety of geological settings. One of the primary sources for the precious metal growing in popularity these days is old tailings ponds. Energy, Mines and Resources Canada estimate…
A platinum mine in Australia — the nation’s first — is a possibility this year. Reynolds Metals is undertaking a drilling program on the Yarawindah Brook property north of Perth and is hopeful of co…
Labor problems and a mine explosion in South America, rising inventories in London Metal Exchange (LME) and New York Commodity Exchange (Comex) warehouses and backwardation on both exchanges seem to h…
As gold projects go, the Cinola deposit on Graham Island in the Queen Charlotte Islands of British Columbia is clearly the largest being developed for production in the province. Owned 100% by City Re…
The sale of Consolidated TVX Mining’s 50% interest in a large Chilean gold/silver project to Placer Dome (TSE) was completed recently. Placer Dome has agreed to pay $63 million cash and assume respons…
VANCOUVER Quantum Res Corp. — gross proceeds rec $180,000. Safari Int’l Res — gross proceeds rec $140,000. Benton Res Ltd — 600,000 sold for gross $750,000. Davic Enterprises Inc — 450,000 sold fo…
Higher gold production from the David Bell mine at Hemlo and increased base metal prices resulted in a significant increase in earnings for Teck Corporation (TSE) in 1988. The Vancouver-based corporat…
A $10 million(US) gold loan involving about 25,000 oz has been arranged for Glamis Gold (TSE) by Gerald Metals of Stamford, Conn. Glamis says it will repay the loan, the carrying interest on which is …
A contract has been let to complete a 10,000-ft underground drill program at Goldpost Resources’ (TSE) Hislop East property near Ramore in northern Ontario. The Hislop East property is straddled by th…
While base metal prices have been flying high, the spot market price of natural uranium has been in decline. Falling almost continuously since the summer of 1987, the U3O8 spot price was being reporte…
American Mining Congress (AMC) President John Knebel says three major legislative issues will face the U.S. mining industry in 1989 — retention of the 1872 Mining Law, state control of mine waste and…
Kam-Kotia (TSE) reports net earnings for the year ended Dec 31 of $2.47 million or 20 cents per share. For the same period a year earlier, the company reported net earnings of $2.23 million or 25 cen…
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