1993

It is cash flow that ultimately pays for construction, equipment and the acquisition of new machinery that, in turn, enable companies to expand production and grow. In manufacturing, there is an 18-mo…

An exploration crew is on its way to the Amad diamond claims in the Northwest Territories, Teryl Resources (VSE) reports. Teryl’s proposed program, consisting of ground magnetic, electro-magnetic surv…

There is a blight on the famed gold belt of northern Quebec and northern Ontario. There are too many miners and too few jobs. This is not news to anyone who knows the region; it has been a fact of lif…

Ongoing exploration of the 20th level of the LaRonde gold mine, near Val d’Or, Que., is yielding encouraging results. Drilling about 3,000 ft. east of the main shaft along the exploration drift, Agnic…

Shareholders of Cambior (TSE) will vote at the May 6 annual meeting on a rights plan designed to protect them in the event of a hostile takeover bid. Shareholders would be issued rights entitling them…

Sakwinder Narwal appointed president and director; Nanuk Warman and Sterling Klein appointed directors. N5…

Victor Jung appointed director. N5…

In light of low gold prices, Homestake Mining (NYSE) has decided against financing expansion of the Golden Bear open pit in northwestern British Columbia. Expansion of the pit, operated by North Ameri…

With environmental work largely complete, CMP Resources (ME) expects the British Columbia government will soon approve development of the QR gold deposit, 70 km southeast of Quesnel, B.C. CMP bought t…

Vancouver-based junior Home Ventures (VSE) has agreed to a private placement of one million units at 25 cents per unit to raise $250,000. Each unit consists of one Home Venture common share and one no…

Dreams of saving money in Russia’s barren Arctic to buy a home and retire to the temperate south have perished in the grim reality of inflation. Officials say more than 800,000 of the Russian Arctic’s…

Surface drilling of the Alamos property in Sonora, Mexico is planned by Tenajon Resources (VSE). The property hosts several targets that, collectively, could develop into a heap-leach operation employ…