A $5-million exploration program at Westmin Resources’ Debbie/Yellow project near Port Alberni, B.C. will include a 1.2-mile underground adit into the Mineral Creek and Linda gold zones. Nexus Resourc…
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Feb. 2 Feb. 1 Jan. 29 Jan. 28 Jan. 27 Copper 1240-1245 1225-1230 1346-1348 1285-1287 1310-1315 Lea…
Last year proved to be a good one for Lac Minerals of Toronto, with the company’s earnings almost tripling compared with 1986. A 9% increase in production, a higher gold price and higher interest inco…
Employees at Crown-owned Eldorado Nuclear Ltd. and the Saskatchewan Mining Development Corp. are waiting anxiously for results of merger talks involving the corporations’ owners. According to recent s…
A program of ground geophysical surveys and drilling is under way at the Oxford Lake gold project located about 300 miles north of Winnipeg, Man., Noranda Explora tion and Pacific Trans-Ocean Re sourc…
Turkey is reported to have opened its first silver mine. Forecast by the Turkish government is the processing of 1.1 million tons of ore per year and an annual production of 122 tons silver. Most of t…
Golden Pond Resources is the victor in an arbitration ruling which ruled in the company’s favor following a dispute with A-Pri-Or Mining. The latter company claims that Golden Pond had lost its rights…
The boards of directors of Toronto-based Rayrock Yellowknife Resources and Discovery West Corp. have agreed to a major rationalization of the mining and oil and gas assets of both companies. Under the…
Joint venture partners Tamavack Resources and International Maple Leaf continue to report encouraging drill results at their Fountain lake property in Moss Lake Twp., northwestern Ontario. A total of …
Booming nickel and copper prices are finally being reflected in the bottom line at Inco Ltd. — the world’s largest producer of nickel. For the fourth quarter ended Dec 31, 1987, the nickel giant earn…
It may have been a cut in the U.S. prime lending rate. Or perhaps it was a decrease in the price of gold from $455(US) to around $445 which contributed to a lacklustre trading session. But Alberta inv…
One of the few mines in North America to actually lose money mining gold in 1987 has been purchased by Hayes Resources. For $17 million cash and 2.4 million common shares from treasury, Hayes is getti…
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