Uranerz, Cameco recover more diamonds at Fort
Equal partners Uranerz Exploration and Mining and Cameco (TSE) have recovered 160 diamonds from kimberlites on their Fort a la Corne prospect east of Prince Albert, Sask. Although the average weight o…
News
Bousquet 2 set to exceed `91 target output by 20,000 oz.
A summer visit to the Bousquet No. 2 gold-copper mine of LAC Minerals (TSE) 25 miles west of Malartic, Que., helped securities firm Midland Walwyn in deciding to issue a “buy” recommendation for the l…
Eskay deal makes Placer builder, Corona operator
Former rivals International Corona (TSE) and Placer Dome (TSE) have reached an agreement for the joint development of the Eskay Creek gold project north of Stewart, B.C., with a view to bringing the p…
Quebec incentives provide hope for mining ventures
Despite the current bleak conditions for junior mining in Quebec, some observers of the province’s mining scene have surprisingly bright forecasts for the future. “Quebec is one of the better places f…
Gold’s unique characteristics set it apart
Gold! The word has fired our imagination like no other metal, Ontario’s Ministry of Northern Development and Mines reminds us in a recent information circular. The world demand for gold is still mainl…
McFinley seeking partner for project in Bateman Twp.
Bill Cummins, president of McFinley Red Lake Gold Mines (TSE), says he is still hoping to line up a joint venture partner for the company’s Bateman Twp. gold project near Red Lake, Ont. Under an agree…
Delegates discuss acid drainage
About 450 delegates from several countries attended the Second International Conference on the Abatement of Acidic Drainage in mid-September in Montreal. Some 125 speakers at the 3-day conference pres…
NEWS ROUNDUP (September 23, 1991)
Toronto-based Falconbridge says it is cutting 100 jobs at its Sudbury, Ont., operations, after falling nickel prices forced rival Inco (TSE) to announce a similar move. The western world’s second larg…
Leakage detected at Falconbridge
Falconbridge says it expects to lose about 3,500 tonnes of cathode production at its Kidd Creek copper smelter in Timmins, Ont., after a leak was detected in the converting furnace, Sept. 16. Approxim…
Gold hedgers’ hesitation may cost them millions
Time is running out for gold mining companies that plan to hedge their 1992 production. As of June 30, 1991, North American gold producers had sold forward only 29% of 1992 production at US$420, accor…
Placer Dome’s Sigma mine mixes nostalgia with high-tech
Second in longevity among the troika of classic mines started by Dome Mines and Campbell Red Lake Mines in eastern Canada, the Sigma mine in Val d’Or, Que., is a creature of contrasts. The Placer Dome…
Mishibishu activity grinds to a halt
Activity in the Mishibishu Lake area of northern Ontario has come to a virtual standstill over the past year, following a string of disappointments for the area’s two major players, Central Crude (TSE…