Successful MDA programface uncertain future
Just as the exploration industry is adjusting to the sudden elimination of the Canadian Exploration Incentives Program (CEIP) earlier this year, another government program designed to stimulate explor…
News
Editorial `Borrowing’Tony Oklend’s boat
If only Tony Oklend could see LAC Minerals today. Who was he, you might well ask? Tony was a lonely, illiterate, Lithuanian immigrant who eked out a rugged existence trapping in the Thunder Bay area, …
Cominco Resources hits high-grade gold in Turkey
High-grade gold mineralization over significant thicknesses was encountered by Cominco Resources International (TSE) during a recent shallow drill program on two 100% owned properties in Turkey. The c…
News In Brief (May 14, 1990)
Brenwest Mining has changed its name to Ridgeway Petroleum Corp. (RGW:VSE) on a 1-new-for- 3-old share basis. Transfer agent is Montreal Trust Co.
Tensions heighten at Rio over closure of 2 mines
Indications that Rio Algom (TSE) may close its Quirke and Panel uranium mines earlier than expected has heightened tensions between the company and employees at its Elliot Lake, Ont., division. While …
Strike charged
Strike Minerals (COATS) has been charged in connection with three offences under the public lands amendment act. According to Strike, the company was charged with “placing a structure on public lands …
St Andrew gold mine producing on target
After two quarters of successful operation at its Stock Twp. gold mine east of Timmins, Ont., St Andrew Goldfields (TSE) expects to be able to meet its production target of 27,000 oz. of gold this yea…
Environmental concerns top CIM conference
Compliance with environmental regulations and the minimization of the risk of causing damage to the natural environment appear to be foremost in the minds of Canadian miners. Twenty-two presentations,…
Echo Bay suffers loss after Muscocho writeoff
Several factors, including a US$42.4-million (43 cents per share) writeoff of its investment in the Muscocho group of companies, have resulted in a first-quarter loss of US$37.9 million (43 cents per …
Westmin says Premier operating at breakeven
After a rocky start down the road to production, operator Westmin Resources (TSE) is reporting an improvement in mining operations at its 50.1% owned Premier gold mine near Stewart, B.C. The company s…
Low base metal prices hurt Hudson Bay Mining
Hudson Bay Mining and Smelting has become yet another victim of lower base metal prices in the first quarter of 1990. Despite an increase in nickel, copper and zinc production, Hudson Bay’s first- qua…
Workers on strike at South Porcupine mine
Close to 600 production and maintenance workers at the Dome mine of Placer Dome (TSE) in South Porcupine went on strike May 7. The members of local 7580 of the United Steelworkers of America voted 52….