Steelworkers recruiting to make up lost ground
Some of Canada’s newest mines have been targeted by union organizers as the United Steelworkers of America attempts to replenish numbers lost through recent layoffs. Among them are the Holt-McDermott …
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Radisson sample yields 2,820 oz.
A bulk sample from the Duquesne mine project north of Rouyn- Noranda, Que., produced 2,820 oz. gold which sold for about $1.3 million, Radisson Mining Resources (ME) announced. Size of the sample, tre…
Spirit Lake preparing gold reserve estimate
A preliminary reserve estimate is expected soon from Spirit Lake Explorations (ME) for the company’s Edwards gold property, 37 miles northeast of Wawa, Ont. The claims are underlain by the same shear …
Vancouver Stock Exchange Pezim at centre stage
What received more attention for the week ended April 3: Pezim- related companies via trading in the market or Pezim himself in the press? Notice of a hearing by the British Columbia Securities Commis…
Northfield signs deal to acquire gold mine
Toronto-based Northfield Minerals (ASE) has signed a definitive agreement to purchase control of the Cheminis gold mine property near Larder Lake, Ont., where recommissioning of the shaft, surface and…
Teck pursues interest in Pine Point Mines
Teck (TSE) will soon make a bid to acquire a substantial portion of Pine Point Mines (TSE) through Nunachiaq, a private company jointly owned by Teck, Metallgesellschaft of Germany and M.I.M Holdings …
Continental climbs as takeover rumor stimulates trading
A new flurry of takeover rumors has dramatically boosted the share price of Continental Gold (VSE), a Vancouver- based junior which owns 70% of the advanced Mt. Milligan gold- copper project, north of…
1,000 reopened claims prompt staking rush near Cobalt, Ont.
The rush is on as mining majors battle small-time prospectors for control of more than 1,000 reopened claims in the Cobalt area of northern Ontario. Since 7 a.m., April 3, official opening time, stake…
Alberta Stock Exchange Lacklustre trading
Last week’s collapse in bullion prices might have created a “second chance” buying opportunity for investors to pick up gold shares at a discount. But, judging by the lacklustre trading pattern during…
Macassa output during March best in 57 years
The Macassa gold mine of LAC Minerals (TSE) near Kirkland Lake, Ont., smashed its previous records by posting a single-month gold output of 12,353 oz. in March. The mine had never before produced more…
Teck, Cominco investments boost Metall Mng. earnings
The acquisition of a U.S. copper producer and investments in two of Canada’s largest mining companies contributed to higher annual earnings for Toronto-based Metall Mining (TSE). Metall, a 62.7% owned…
Tough times hit mining towns hard
Few need to be reminded of how tough things were during the recession of the early 1980s. Lessons learned then are still fresh in the minds of those who work in the mining industry. What is perhaps le…