NovaGold retires debt
After reaching an agreement with creditors to retire $1.43 million in outstanding debt, NovaGold Resources (TSE) is now focusing its efforts on achieving gold production at the Murray Brook project, 8…
News
Placer Dome, Golden Crescent in unique exploration deal
A junior mining company with roots extending back to the original booms of both the Kirkland Lake and Red Lake gold camps is teaming up with one of this country’s biggest and most successful operators…
Iskut River gold camp exploration mecca
Despite its rugged terrain, remote location and sometimes inhospitable climate, the Iskut River camp in northwestern British Columbia has been an exploration mecca for junior and major companies alike…
Metal Prices (March 06, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 28 Feb 27 Feb 24 Feb 23 Feb 22 Copper 17…
Sikaman raising Bogosu funds through public offering
Seeking funds to help bring a joint venture gold project in Ghana, West Africa, into production, Sikaman Gold Resources (TSE) has arranged a public offering designed to raise up to $15,150,000. The co…
Results of exploration financed with flow-through
Between 1983 and the end of 1988, flow-through share (FTS) financing raised some $3 billion for mineral exploration in Canada. Even though it typically takes years of exploration to identify a commerc…
Brunswick posts minor production increase
Annual production at Brunswick Mining and Smelting Corp.’s (TSE) No 12 lead-zinc-silver mine near Bathurst, N.B., was up slightly last year compared with 1987. Total ore milled by the company increase…
Obituary Andrew Robertson
Andrew (Andy) S. Robertson, described by associates as one of the last of the “gentleman miners,” died Feb 26 at his home in West Vancouver. Born Jan 12, 1902, Robertson studied mine engineering at Mc…
Falconbridge not bidding on “iffy” Nonoc project
Falconbridge Ltd. Chairman William James recently dispelled reports that he is negotiating to buy the Nonoc nickel project in the Philippines. No discussions have taken place between the government of…
Montreal Exchange Market indices droop
Mixed trading, in part the result of concerns over rising inflation, higher interest rates and relatively unexciting precious metals prices, saw the ME market portfolio dive more than 29 pts this week…
More high grade gold at Weedy Lake
Drilling is continuing on the Golden Heart deposit near Weedy Lake, Sask., where recent drill holes have intersected more high grade gold values across wide widths, Golden Rule Resources (TSE) says. O…
Bumper crop of mining projects for northwestern Ontario
Over the last few years, the mining industry in northwestern Ontario has created more new full- time jobs for the region than any other industry. It is growing at an unprecedented pace, with two new m…