Land claim divides Yukon mining industry
Negotiations on a preliminary agreement land claim settlement in the Yukon Territory are expected to wrap up within two weeks, on the orders of federal Northern Development Minister Bill McKnight. If …
News
Bachelor Lake buys West. Prem. shares
Toronto-based Bachelor Lake Gold Mines (TSE) has completed the purchase of 750,000 escrowed common shares of Western Premium Resources (VSE), the company said recently. After securing a 100% interest …
Minorco bids to unite west’s largest metal mining assets
Minorco SA’s South African- backed bid for the outstanding shares of Consolidated Gold Fields PLC is expected to spark one of the biggest takeover battles in mining history. But even though it will be…
Some of Canada’s best gold exploration projects
There are more than 100 advanced gold exploration projects in Canada today. The editors of The Northern Miner have tried to select some of the most promising gold exploration plays as the 1988 field …
Metal Prices (October 03, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Sept 27 Sept 26 Sept 23 Sept 22 Sept 21 Copper 1478…
Granges Seeks To Overturn Share Purchase By Hemlo Gold
In a surprise move, Hemlo Gold Mines (TSE) picked up approximately 9.8% of the outstanding common shares of Granges Exploration (TSE). Owned 51% by Noranda Inc. (TSE), Hemlo Gold paid $9.1 million for…
HISTORY OF CIP
Gold is the only metal which has the combination of lustre, easy workability and virtual indestructibility and also rarity. This means ways are continually being sought to identify new feed sources an…
NO-FRILLS PRODUCER
American Barrick’s wholly-owned Camflo mine 12 miles west of Val d’Or, Que., rates but one page in the company’s 62-page, 1987 annual report. Barrick’s Mercur and Holt-McDermott mines and the Nevada g…
Poor ground conditions slow Yorbeau’s Astoria shaft sinking
Shaft sinking at the Astoria property near Rouyn-Noranda, Que., has reached a depth of about 900 ft, between the sixth and seventh levels, Karl Glackmeyer, president of Yorbeau Resources (TSE), told T…
On the Move (October 03, 1988)
The new Komatsu Dresser Co. of Libertyville, Ill., has elected a 6-member management committee. They are: John Murphy, chairman, president and chief executive officer of Dresser Inc.; Masao Tanaka, pr…
Alberta Stock Exchange Investors stay away (October 03, 1988)
The summer doldrums have turned to fall slumbers as investors find less speculative ways to invest their savings. Even though gold climbed out of its recent freefall to close at $400(US) per oz, the e…
Cross-cuts STONE AGE STALLION
A horse head skeleton dug out of the Yukon’s rich archeological closet by a placer mining operation south of Dawson has officials at the National Museum of Natural Sciences in Ottawa elated. They now …