News

A concerted effort by the Federal Reserve Board in the U.S. to keep a firm lid on inflation is taking its toll on equities and gold bullion — the latter a traditional inflation hedge. Rising interest…

Annual production at Brunswick Mining and Smelting Corp.’s (TSE) No 12 lead-zinc-silver mine near Bathurst, N.B., was up slightly last year compared with 1987. Total ore milled by the company increase…

Andrew (Andy) S. Robertson, described by associates as one of the last of the “gentleman miners,” died Feb 26 at his home in West Vancouver. Born Jan 12, 1902, Robertson studied mine engineering at Mc…

Falconbridge Ltd. Chairman William James recently dispelled reports that he is negotiating to buy the Nonoc nickel project in the Philippines. No discussions have taken place between the government of…

Falling gold prices and the rising value of the Canadian dollar were responsible for a substantial reduction in Kerr Addison Mines’ (TSE) net income during fiscal 1988. Net income reported by the 50.1…

Diamond drilling has commenced on the first of 12 potential kimberlite targets to be tested this winter by Toronto-based Aurogin Resources (VSE). Aurogin can earn a 50% interest in the properties from…

Despite a $24.3 million drop in earnings from its gold mining operations last year, Placer Dome Inc. (TSE) reported a substantial increase in net earnings for the year ended December 31. Anthony J. Pe…

Gold prices below $400 (US) and increased concern over higher interest rates continued to plague the market here, although a small correction was noticed at press time following some sharp declines in…

Nevada had a long history of mining booms and mining busts when gold in commercial quantities was discovered in the Carlin Trend. By the latter half of the 1980s, what was happening in Nevada was reco…

After producing more than 21,000 oz of gold during its first four months of operation, the Golden Patricia mine, 40 miles west of Pickle Lake, Ont., looks like a winner for owner Bond Gold Canada Inc….

Efforts to ensure that mining and exploration get a fair hearing from government stand to gain ground as a result of the recent formation of the Ontario Mineral Exploration Federation (OMEF). OMEF is …

The largest exploration program in the Adams Plateau area will be initiated by Minnova Inc. (TSE) whose Samatosum copper-lead- zinc deposit is scheduled for production later this year. The Minnova pro…