News

CIM honors award winners at meeting in Quebec City

The 82nd president of the Cana 0000,0600 dian Institute for Mining and Metallurgy is John Laffin. He succeeded out-going president Rene Dufour as leader of the 12,000 – member society at the conclus…


Mining centre planned for Murdochville

A $1.5-million mining tourist attraction featuring a 20-minute underground tour of the old Miller mine is set to open here in June. To be known as the Murdochville Copper Interpretation Centre (Centre…


Montreal Exchange St. Genevieve popular

Back trading again on the ME after more than a 2-month absence are Louvem Mines and its controlling shareholder St. Genevieve Resources. Investors keyed on the latter company in particular, trading 60…


Brican, Bow Valley earn into property

Two Canadian companies, Brican Resources (VSE) and Bow Valley Industries (TSE) have earned a 50% interest in a large epithermal gold play in Nevada’s Battle Mountain district. Santa Fe Pacific Mining,…



South Atlantic, Union Mines strike deal to merge

A deal has been completed which will merge a subsidiary of South Atlantic Ventures (VSE) with a subsidiary of Union Mines to form a new company called Union Copper. Atlantic will remain the sole share…


Agnico completes sale of real estate sector

Toronto-based Agnico-Eagle Mines (TSE) recently completed the sale of its real estate division to Ontario developer Iona Corporation for $42.8 million. Net proceeds from the sale after repayment of mo…


Dickenson acquires more Wharf shares (May 15, 1989)

Dickenson Mines (TSE) has increased its holdings in Wharf Resources (TSE) to 38.9% through the purchase of another 396,500 shares of the latter. Wharf operates a heap leach gold mine in South Dakota. …


Monte Carlo Gold Mines — a new beginning

In late 1988, Robert Salna and several associates purchased the controlling interest in Monte Carlo Gold Mines Ltd. Since that time, changes in the management team of Monte Carlo have facilitated a ne…


LynnGold’s MacLellan mine struggling along

Struggling against falling bullion prices, LynnGold Resources’ (TSE) MacLellan mine near Lynn Lake, Man., produced 13,460 oz of gold at a cost of $443 per oz during the first quarter of this year. Tho…


Oneida hits

Drilling by Oneida Resources (VSE) on the company’s Mexican Hat gold property has returned an exceptional hole of 285 ft grading 0.203 oz gold per ton. The assay cut to one oz was 0.096 oz gold per to…



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