Local decision-makers more responsive
As far as Fenton Scott can see, there is no light at the end of the tunnel for Canada’s junior mining companies. Already battered by high interest rates, investor apathy, and a large-corporations tax,…
News
Northfield reopens Cheminis mine
Northfield Minerals (ASE) has resumed work at the Cheminis gold mine near Virginiatown, Ont., and expects to process its first ore within 6-8 weeks. At the moment, Northfield is reactivating the surf…
Spot prices at a glance (June 17, 1991)
Price (US) Week’s Change Gold* $370.70 + $ 9.10 Silver* $ 4.51 + $ 0.34 Platinum* $379.75 + $ 1.25 Nickel** $ 3.69 — $ 0.01 Lead** $ 0….
Mining Hall of Fame invites nominations
Calls are again going out for nominations for admission to the Canadian Mining Hall of Fame, the successful candidates from which will be ceremoniously inducted at its fourth annual banquet billed for…
Breakwater closes Estrades less than a year after startup
Citing weak metal prices, Breakwater Resources (TSE) suspended operations in early June at its 70% owned Estrades polymetallic mine in northwestern Quebec. Golden Group Explorations (VSE) has an 18% …
Diepdaume plans to start up mill
Toronto-based Diepdaume Mines (VSE) plans to start up its custom mill in the Timmins gold camp of northern Ontario this month. Initially, the mill will be fed by a 60,000-ton stockpile from the Ross m…
Pioneer needs shareholders’ approval for restructuring
In an effort to continue as a viable company, Pioneer Metals (TSE) will seek shareholder approval for various restructuring proposals at its annual meeting later this month. Pioneer settled the major…
IOCC GOLD OPTIONS (June 17, 1991)
Options Open Series Volume Last Interest Aug 400 C 20 2.50 113 Aug 410 C 10 0.50 40 Aug 440 C 70 …
Claude prepares new reserve figure for Seabee project
The number-crunchers at Claude Resources (TSE) Seabee project in northern Saskatchewan will attach a reserve estimate to the recently discovered 161 zone within the next few weeks, said company Presid…
Platinova moving to Greenland
Shareholders of Platinova Resources (TSE) have given the green light to a proposal to transfer the company’s business to Greenland under an arrangement that includes an approximate $2-million equity i…
NO HEADLINE (June 17, 1991)
Albertas’ placer miners — they’re glad no-one notices…
Bond to sink shaft at Golden Patricia
Encouraged by ongoing deep drilling at the Golden Patricia property near Pickle Lake, Ont., Bond Gold Canada, a unit of Bond International Gold (TSE), will sink a 1,100-ft. shaft at the mine starting …