No comment yet on Brunswick strike
Striking miners at Brunswick Mining & Smelting’s (TSE) lead-zinc operation in New Brunswick recently voted 64% against the company’s latest offer, which included a 24% wage increase over 42 months. Re…
News
U.S. REPORT New assay standards available
According to the Nevada Bureau of Mines and Geology, there are widespread reports among prospectors and geologists of specific laboratories or assayers whose results are suspect, unreliable or unverif…
U.S. gold industry faces concentration
Ownership of the U.S. gold industry is likely to become increasingly concentrated during the next decade as producers grapple with rising interest charges, stringent environmental regulation and a pro…
Teck buys stake in Prime, picks up property options
Following the collapse of an estimated $5-million financing deal earlier this year with a “major mining company” widely believed to be Kennecott, Prime Equities (VSE) has negotiated a funding deal wit…
Madeleine trial postponed
Lawyers representing Madeleine Mines (TSE) will appear in court in Thunder Bay, Ont., May 7 to answer charges brought about by the Ontario Ministry of the Environment. The Toronto-based company was sc…
Asbestos group
An agreement has been signed between the Asbestos Institute of Montreal and the asbestos industry of the Soviet Union aimed at improving health and safety in the industry. The International Fibre Safe…
Aurizon tallies $31-million loss
Following a major writedown of its mining properties in Quebec last year, Aurizon Mines (TSE) is gearing up to explore a low-cost copper-gold property in Mexico. For the year ended Dec. 31, the compan…
Saskatchewan offers mine skills training
Residents of northern Saskatchewan will be eligible for mining skills training following agreements between the Saskatchewan government and three mining companies. Under the agreements with Claude Res…
Varitech acquires Big Onion bet
A recently completed agreement gives Varitech Resources (VSE) the right to earn a 100% interest in the Big Onion deposit, about nine miles east of Smithers, B.C. Varitech was halted at the 85 cents le…
Nev. Goldfields takeover approved
The takeover of financially troubled Nevada Goldfields (TSE) by Australian company Gwalia Consolidated was recently approved by shareholders of the Colorado-based company at a special meeting. Goldfie…
Goldcorp ups Wharf ownership
Goldcorp Investments (TSE) recently made a private purchase of 250,000 shares of Wharf Resources (TSE) at $6.03 per share. Goldcorp now owns 2,813,700 shares and its 69% owned subsidiary Dickenson Min…
Noranda plans more holes at Hislop project
Six more drill holes are being proposed by Noranda Exploration for gold property in Beatty and Hislop twps. in northeastern Ontario, project partner Glimmer Resources (VSE) reported. The new holes wou…