News

Thanks to the sale, late last year, of the Copper Rand and Portage mines in Chibougamau, Que. to Western Mining of Australia, Northgate Exploration is a cash-rich explorer. Cash and investments total …

Muscocho Explorations and its associate companies (Flanagan McAdam Resources, McNellen Resources, Chesbar Resources and Tashota-Nipigon Mines) will be extremely busy exploring this year, says Terry Fl…

As the dominant property-owner and principal mine-finder along the Carlin gold trend, near Elko, Nev., Newmont Gold has never felt the need to boast about its activities. A portfolio of 15 deposits an…

Agnico-Eagle Mines has set a $9.6 million exploration budget for 1988. The bulk of the money, about $8.3 million, will be spent on surface and underground exploration for silver in the Cobalt/New Lisk…

It looks very much like the flow-through gravy train is making its last whistle stop. Last year, $1 billion was raised through flow-through share financings for grassroots and more advanced exploratio…

The Canadian mining industry loses about $940 million every year because it habitually ignores proper maintenance procedures that could reduce wear and friction in equipment components. That rather st…

Noranda Inc. is going hunting for base metals this year — not to the total exclusion of precious metals, of course, but enough to mark a major shift in emphasis. Last year, for every $6 spent trying …

Getty Resources is exploring and developing five major projects in Canada financed by $10 million in 1987 flow-through share issues. It has a sixth project in Nevada, which is funded from working capi…

In mining court in Toronto recently, Mr Justice Godson reserved judgment in the matter of the application of Kerr-Addison Mines for permission to dump slimes into a bay on the northeast arm of Larder …

During 1988, Queenston Gold Mines expects its property interests will undergo a minimum of two underground exploration programs and four surface drill programs. Total exploration expenditures by Queen…

The Hughes-Lang Group has grown to such an extent over recent years that it now comprises some 20 dif- ferent companies. The company has major programs in western and eastern Canada, the Yukon, Mexico…

Northair Mines has been developing the Willa property, in south eastern British Columbia, with partners bp Selco and Rio Algom. More than $10 million has been spent on exploration and development to d…