Malartic acquires Congress mine from Echo Bay
Seeking a foothold in the U.S., Malartic Hygrade Gold Mines (VSE) of Toronto has acquired the Congress gold mine in Arizona from Echo Bay Minerals (TSE). The deal gives Echo Bay 400,000 Malartic commo…
News
First year gold output 33,000 oz for Crown
Gold output at the Kettle River project of Echo Bay Mines (TSE) and Crown Resources (NASDAQ) is expected to reach about 110,000 oz in the first year, 33,000 oz of that total accruing to Crown Resource…
Noranda in place to take control of Aur discovery
Toronto-based Noranda Inc. (TSE) is quietly positioning itself to take advantage of a massive sulphide discovery reported recently by Aur Resources (TSE) and Societe Miniere Louvem (TSE) at the Louvic…
Layoffs result as companies try to cust costs
Exploration staff at several mining companies have been reduced in the past six months in an effort to cut costs and keep overhead costs to a minimum. Exploration is commonly the first area to be cut …
Rock mechanics integral part of day-to-day mine operation
Management at the Campbell Red Lake mine in northwestern Ontario takes its rock mechanics seriously. “They form an integral part of our ground support system,” S.M. Reid, mine manager of the Placer Do…
Westmin shareholders approve sale of petroleum division
Shareholders of Westmin Resources (TSE) voted overwhelmingly in favor of a reorganization that will see the company’s oil and gas assets sold to Norcen Energy Resources, an affiliated Calgary-based oi…
Toronto Stock Exchange Indices (July 03, 1989)
1989 June 27June 26June 23June 22June 21HIGH LOW Composite 300 3778.37 3772.78 3773.15 3740.02 3730.45 3806.03 3353.13 Mtls & Mnrls 3308.76 3348.86 3344.65 3253.83 3237.12 3564.92…
Profile A NOSE FOR MINES
Before radar, the skippers of west-coast seiners were adept at finding safe harbor in impenetrable fog. Bern Brynelsen remembers one such seaman, for whom he packed salmon. Time and again he was deepl…
FINANCING (July 03, 1989)
Pars Res — 575,000 offered @ 40 cents per sh VANCOUVER Precious Metals — 700,000 sold for gross $350,000 Donner Res — 500,000 sold for gross $175,000 Hixon Gold Res — gross proceeds rec $270,000 S…
Gold Vessel placement
Gold Vessel Resources (ASE) reports completion of a private placement with 158474 Canada Inc., by which the numbered company has acquired more than 2.1 million A common shares of Gold Vessel at 18.75 …
Sherritt resolves refinery troubles
Modifications at the Fort Saskatchewan nickel refinery to permit the processing of off-specification feed materials have been completed, Sherritt Gordon (TSE) reports. Feed from supplier Inco Ltd.’s (…
Letters NOT REALLY ABSTRACT
I would like to comment on some of the information presented in “King of Zinc,” the story on the Brunswick No. 12 mine (see April issue). The first is the statement on the “abstract nature of the geol…