Nerco celebrates Con mine’s 50th
Nerco Minerals recently celebrated the 50th anniversary of its Con mine at Yellowknife. Mine officials and local residents marked the occasion at the Robertson headframe, the tallest structure in the …
News
Midas options Tisdale claims negotiates fire-sale deal
The troubled Tisdale joint venture is getting a new partner. Midas Minerals (TSE) has completed an agreement giving the company the right to earn a 60% interest at the fire-sale price of $2 million fr…
News in Brief (August 15, 1988)
Mono Gold Mines has announced that it has entered into a private placement and flow-through agreement with NIM Resources whereby the partnership has agreed to purchase flow-through shares having an ag…
Shannon finances Tatsamenie program
Alberta-based Shannon Energy (ASE) has raised $700,000 through a number of flow-through share issues to finance exploration at the Tatsamenie property in northwestern British Columbia, the company sai…
Editorial A brush with the law
Should it come as a surprise that criminal charges against prospector Donald McKinnon have been dropped? He had been charged in connection with the disappearance of some files from the mining recorder…
Cambior names mine in honor of Sullivan founder
Life has been breathed into another of this bustling mining town’s former producing gold mines. With more than 100 guests on hand, Louis Gignac, president of Cambior Inc (TSE), officially opened the E…
Copper producing subsidiary boosts Rio Algom earnings
Increased net earnings reported by 68.8% owned subsidiary Lornex Mining Corp. (VSE) were among the factors which contributed to a profitable first half for Toronto based Rio Algom (TSE), the company a…
PDAC challenging federal grant incentive plan
The Prospectors and Developers Association of Canada (PDAC) has expressed concern about the federal government’s new grant incentive program for mineral exploration on a number of issues. The program,…
Weakening dollar affects Denison
Low oil prices and a weakening U.S. dollar adversely affected Denison Mines’ (TSE) second-quarter earnings, the company said recently. They combined to offset higher potash prices and production gains…
Rich Zinc Assays from El Mochito Mine
With daily production at the El Mochito mine in Honduras now averaging 2,000 tons per day, American Pacific Mining (VSE) is well into an underground exploration program to add reserves to this base me…
Glen Auden to buy Ventex En. shares
A joint venture agreement involving Glen Auden Resources (TSE) and Ventex Energy (VSE) has been approved by the Toronto Stock Exchange, Glen Auden said recently. Under an agreement, Glen Auden can ear…
Vancouver Stock Exchange Halley gains on Newfields’ deal
A stronger US dollar, talk of higher interest rates and a weaker gold price — the usual culprits — are being blamed for keeping investors on the sidelines of most North American Exchanges, including…