Quebec boosts gold production
Quebec’s 26 producing gold mines in 1989 turned out almost 36 million grams of the precious metal, but a lower world price of gold resulted in a drop of 10.1% in total value compared with 1988. Provin…
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Toronto Stock Exchange Franco-Nevada big winner on otherwise quiet
Franco-Nevada Mining, Placer Dome and Corona A were among the issues which benefited from an increase in the price of gold bullion for the week ended July 3. Analysts attributed the advance to US$362….
Canadian Mineral Industry Education Foundation
The Canadian Mineral Industry Education Foundation, now in its 25th year, has expanded the eligibility categories for its scholarships. Ordinarily, the foundation offers undergraduate and some post-gr…
Brunswick’s miners take to the picket lines
Miners at Brunswick Mining and Smelting’s (TSE) lead-zinc mine near Bathurst, N.B., are on strike, following an 80% vote against the company’s contract offer. More than 1,000 members of the United Ste…
Teeshin looking for partners
Several senior mining companies and investment groups are examining the Dome Mountain gold property with a view to providing the necessary capital to bring the project to production, according to owne…
Penna fends off criticism at Agnico annual meeting
His methods may have prompted some criticism at Agnico-Eagle Mines’ (TSE) recent annual meeting in Toronto, but President Paul Penna demonstrated he has the backing of the vast majority of the company…
Moss Lake tops list of Tandem`s projects
Despite the current difficult financing climate in the junior mine sector, Tandem Resources (ME) will be “very active” this year, President Stanley Hawkins told the annual meeting, with high interest …
COATS (over-the-counter) Mount Wright wins NSR
After a 9-year legal battle, Mount Wright Iron Mines has finally won the proceeds from a 1% net smelter royalty on production from Exminesa’s Rubiales mine in Spain. A Spanish court has ordered Exmine…
Cambior buying 50% stake in Sleeping Giant mine
As part of a growth plan designed to boost its Quebec gold production, cash-rich Cambior Inc (TSE) is picking up a 50% stake in the troubled Sleeping Giant mine of Aurizon Mines (TSE). The mine, which…
Trenching started at Mishibishu bet
Encouraging trench sampling results have been reported by Mishibishu Gold (VSE) from its Pukaskwa gold project about 110 km west of Wawa, Ont. The work was performed along a 4.2-km strike length of th…
Gold price forces shut down of Canamax’s Kremzar, Ketza
Unless gold prices improve dramatically in the near future, Canamax Resources (TSE) will wind down production temporarily at two of its three Canadian gold mines. A company spokesman said the Ketza Ri…
Asarco options Asquith property
A Canadian subsidiary of Asarco (NYSE) recently signed an option agreement to earn a 60% interest in 71 claims owned by Asquith Resources (COATS) in the Shining Tree area of northern Ontario. Asarco c…