News

This time last year the Mishibishu Lake area in northern Ontario was hopping. Gold discoveries were cropping up on a regular basis, the Magnacon mine was emerging as a regional success story, and some…

The best 1-day volume — 14 million shares — recorded this year couldn’t halt the decline in the general market index during the holiday-shortened week ended Oct. 9. The market portfolio was off by 2…

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Oct 131.00 129.00 129.00 + 2.45 Nov 125.65 123.50 123.35 + 1.25 Dec 121.50 117.80 118.10 — 0.25 SILVER (in US ce…

Mining engineers at the junior and middle management levels these days are products of the late 1960s and ’70s. In earlier days, all engineers at some time worked in gold mines, large and small. With …

A private placement (involving shares and warrants) worth $1.3 million has been entered into by Ng Mok Yuen of Hong Kong with Candol Developments (TSE) of Vancouver. The placement will mean a change o…

The Town of Wawa owes its origin and history to the mining business, and even though mining and mining related activities are currently a declining contributor to the town’s economy, they still play a…

Irish mining firm Ennex International says a 17-hole drill program is under way on its Rathdowney base metal properties in the midlands Ireland. Northgate Exploration (TSE) holds a 35% indirect intere…

In 1989-90, research was one of the Quebec Mining Association’s three priorities. The main problems consist in the need to transform narrow-vein exploration technology so as to considerably increase t…

Under contract with White Gold Ventures (ASE), S.D. Engineering of California will crush 50,000 tons of material for inventory purposes on White’s limestone property in Baja California, Mex. White say…

A subsidiary of Laramide Resources (TSE) is reported to have made a new gold discovery on a property held under option from Inco (TSE) near Merritt, in south-central British Columbia. Laramide said re…

The Kidd Creek Division of Falconbridge Ltd. at Timmins, Ont., does not expect a 16-day loss of production to affect overall 1990 production, according to Vice- President and General Manager Warren Ho…

Quebec’s city of Val d’Or is no longer the northern supply and distribution centre it once was because of the progress in that area made by nearby Rouyn-Noranda. The city, however, continues as a viab…