Ont. grant for acid drainage work
Laurentian University’s department of science and engineering will receive a $9,750 provincial grant to study acid mine drainage, according to Ontario Mines Minister Gilles Pouliot. The university pla…
News
After 45 years of operation – Undeveloped reserves at depth assure
Still going strong after more than 45 years of operation is the Campbell gold mine near Red Lake, Ont., of Placer Dome (TSE). This remarkable producer, which was started up in 1944, has recovered 7,07…
EPA threatens lead producers
The U.S. Environmental Protection Agency (EPA) recently indicated that it is preparing a position paper dedicated to the eventual banning of lead mining south of the border and to the importance of re…
Total looking to sell mineral assets
Total Resources’ decision to rid itself of all its mineral assets has led its 71% owned subsidiary, Total Energold (TSE), to put all the company’s mineral assets up for sale. Total Energold is involve…
Spot prices at a glance (April 22, 1991)
Week’s Price (US) Change Gold* $361.00 — $ 2.65 Silver* $ 4.07 + $ 0.05 Platinum* $400.75 — $ 5.25 Nickel** $ 4.07 — $ 0.06 Lead** $ 0.26 — $ 0.02 Copper{ $ 1.12 + $ 0.00 Zinc{{ $ 0.65 + $ 0.06 Co…
Report of Activities
Copies of the Resident Geologists 1990 Report of Activities are now available from ministry offices across the province. The report, published each year by the Ministry of Northern Development and Min…
Madeleine trial postponed
Lawyers representing Madeleine Mines (TSE) will appear in court in Thunder Bay, Ont., May 7 to answer charges brought about by the Ontario Ministry of the Environment. The Toronto-based company was sc…
LAC rights plan
Gold producer LAC Minerals will seek shareholder approval for a rights plan at the annual meeting May 1 in Toronto. LAC’s board of directors adopted the proposed rights plan, aimed at trying to thwart…
Insider Trading Gairdner sells Arimetco shares
Arimetco International (TSE) director John Gairdner recently missed an opportunity to cash on the Arizona company’s copper sales agreement with metals trader Billiton Minerals. The deal drove Arimetco…
Nev. Goldfields takeover approved
The takeover of financially troubled Nevada Goldfields (TSE) by Australian company Gwalia Consolidated was recently approved by shareholders of the Colorado-based company at a special meeting. Goldfie…
Exploration spending shifting to base metals
Most of Canada’s major mining companies will spend less on exploration this year as part of an industry-wide decline in the search for new deposits. And with the price of gold resting comfortably at U…
DRX explores Yap gold bet
New York-based DRX (NASDAQ) is encouraged by exploration results on a Micronesian gold property in Yap State, 750 miles north of Papua New Guinea. Yap State is a former U.S. trust territory and the gr…