Mill start up at Highland Valley
In a move to expand production and increase operating efficiency, Highland Valley Copper relocated two previously shut-down mills to a site adjacent to the former Lornex milling complex at its huge co…
News
DETOUR LAKE
When we last visited the Detour Lake operation, 209 km northeast of Timmins, Ont., miners were just beginning to pull up gold from underground following a brief but troubled open-pit phase. Today, one…
FINANCING (May 01, 1989)
ONTARIO Chieftain Int’l — final rec iss offer 8,250,000 @ $13.50(US) to net $107,476,875(US). VANCOUVER Bunker Hill Mng — opt exerc on 700,000 @ $3 per sh. Jacqueline Gold Corp — opt exerc on 100,0…
Restigouche may be next base metal mine in N.B.
New Brunswick’s fourth base metal producer could go into production this fall if negotiations involving Marshall Minerals (ASE) and East West Caribou Mining are successful. Toronto-based Marshall has …
TURNAROUND Renabie
The Renabie gold mine, in north-central Ontario, was dogged by financial troubles practically from its inception in the late 1940s. The federal government’s Emergency Gold Mining Act saw it through pe…
Callahan will spend $2 million on Kirkland Lake gold prospect
Arizona-based Callahan Mining (NYSE) has concluded an agreement to explore several properties in the Boston Creek area near Kirkland Lake, Ont. Shenandoah Resources (VSE) and Miller Independence Minin…
Breakwater aiming to develop Estrades
After Teck Corp. (TSE) paved the way by terminating its 60% back-in right, Breakwater Resources (TSE) reached a deal to earn up to a 70% interest in the Estrades property in the Casa Berardi region of…
Total moves into Idaho
Total Energold Corp. (TSE) has acquired the Gold Star project near Salmon, Idaho. The claims are 15 miles northeast of the Beartrack gold deposit controlled by Meridian Minerals. The Beartrack deposit…
Gold funds as of April 18
BGR Goldcorp Central MVP Capital Net value$12.05 % 9.08% 6.51% 0.70 Price$ 9.50 % 4.80 % 5.88% 0.45 Discount$21.16% 47.1 % 9.8% 35.7% Value$71,752,706.16 159,253,000 …
Forbex to drill Poirier
Forbex Mining Resources (ME) is planning an exploration program on the former producing Poirier zinc-copper mine near Joutel, Que. The program is part of Forbex’s option agreement to earn a 50% intere…
Diepdaume financing for Timmins projects
Toronto-based Diepdaume Mines Ltd. (VSE) proposes to issue 500,000 units representing one million flow-through shares (one unit two shares) at 60 cents per unit, provided it gets approval from all app…
Northgate has banker image after 1988 spending spree
Although it is still listed as a Canadian mining company, Toronto-based Northgate Exploration (TSE) looked more like an investment banking firm in 1988. By investing more than $134.6 million in 12 Nor…