News


Ahead of schedule Pegasus output climbing

With mining and processing operations under way one month ahead of schedule in Montana, Pegasus Gold is projecting cumulative gold production for 1987 of approximately 225,000 oz. Last year the compan…


Horne smelter gets acid plant

Canada’s second-largest source of acid rain, the 60-year-old copper smelter of Noranda Inc. in northwestern Quebec, is getting a new sulphuric acid plant. The plant, to help cut back on sulphur dioxid…





Shareholder seeks greater representation

A minority shareholder was unsuccessful in a bid to have a seventh director named to the board of Citadel Gold Mines at the company’s annual meeting in Toronto. “We, as minority shareholders, are bein…


Firms discuss joint venture

Toronto-listed International Platinum Corp. has signed a letter of intent with Degussa A.G. to enter into further negotiations on a joint venture exploration agreement regarding several of the former’…


Firm forecasts price of gold

Know what the price of gold will be in a year or 18 months’ time? You don’t have a clue? Well, Martin Murenbeeld thinks he does. Mr Murenbeeld is president of M. Murenbeeld & Associates Inc., a Toront…



High closure costs keep obsolete steel plants open

Although the average cost of closing a steel plant in the United States is down substantially from a few years ago, it is still high enough to keep several non-competitive plants in operation. And, th…



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