High costs means deep mines’ days are numbered
“Big is better” is becoming the new name in this ever-changing mining game. Miners everywhere favor and seek out big, low-cost and safer open pit deposits rather than much more costly underground mine…
News
People REYMONT GOLD MINES (December 17, 1990)
Michael Callahan, Angus Stewart and Stanley Ford appointed directors succeeding James Brown, Clive Brown and Ivan Christopher; Michael Callahan appointed president and Angus Stewart appointed secretar…
People UNITED COIN MINES LTD. (December 17, 1990)
David Libby resigned as a director. A successor to be announced.
OBITUARY Forbes Wilson
Forbes Wilson, a noted mining engineer and explorationist, died recently in York, Me., his home town. He was 80. In 1931, Wilson started his career in Chile. He then worked in South Africa and other p…
Golden North cuts ties with Corona
Now that all ties with Corona (TSE) have been severed, associated companies Golden North Resource (TSE) and Hedley Pacific Mining (VSE) are looking for new projects either in the mineral exploration o…
Billiton’s cash available to bolster Canadian presence
Armed with extensive financing from its parent, the Royal Dutch/ Shell Group, Billiton Metals Canada is launching an aggressive foray into advanced exploration and development in this country. Heading…
Noranda options Camreco property
A letter of agreement has been entered into between Camreco (TSE) and Noranda Exploration, a unit of Noranda (TSE), whereby the latter may earn a 50% interest in the Goldlund gold property in northwes…
New gold showing near Seabee mine site
Exploration in the vicinity of the Seabee mine site in northern Saskatchewan has uncovered a promising new gold showing, say partners Claude Resources (TSE) and Manchester Resources. While prospecting…
Downturn prompts downsizing at prominent consulting firm
A general downturn in the mining industry which is affecting producers and junior companies alike is being felt on the consulting side. The well known firm of Derry, Michener, Booth & Wahl, a partners…
Vancouver Stock Exchange Chase, Grizzly buck trend
The Vancouver Stock Exchange continued its progression of record lows over the week ended Dec. 11. The Composite Index settled with an 8-year record low close of 505.84 before rebounding somewhat to f…
Old mine eyed as garbage dump
An abandoned open pit iron ore mine at Kirkland Lake, Ont., may see life again as a garbage dump. Pending provincial approval and a successful environmental-assessment hearing, Metropolitan Toronto pl…
Alberta Stock Exchange Biron Bay steady
Despite a lacklustre gold market, Biron Bay Resources managed to hold on to its recent price gains by closing at $1 on volume of 64,500 shares in the week ended Dec. 11. The company is bullish on the …