900-million Porgera project gets green light
Placer Dome has obtained approval from the government of Papua New Guinea to begin construction at its Porgera gold project, a $900-million investment. Placer Dome is operator holding a 30% interest w…
News
Malartic Hygrade
For the first quarter ended March 31, Malartic Hygrade Gold Mines (VSE) earned $211,353 or 6 cents per share. This compares with earnings of 4 cents per share during the same period last year. Malart…
April spectacular month for Jolu mine
The production performance of the Jolu mine in Saskatchewan was impressive in March. In April it was spectacular. Jolu turned out 7,466 oz of gold in April, a 29% increase from the 5,775 oz produced i…
Bunker Hill profits hinge on running near capacity
The reactivation of the Bunker Hill mine has breathed new life into this depressed community which went into a tailspin after the mine shut down in 1981. Even so, the fragile nature of the area’s econ…
Diamond drillers face the 1990s with uncertainty
There’s good news and bad news as Canada’s diamond drillers face the 1990s. The good news is that there’s a level of prosperity in the industry that hasn’t been enjoyed for at least a decade, the res…
LAC offering
A preliminary short form prospect with respect to the offering of seven million units (shares and warrants) will be filed with the Ontario Securities Commission by LAC Minerals (TSE). Each unit will c…
Higher metal prices help Noranda’s balance sheet
Known as a diversified natural resources company, Noranda Inc. (TSE) once had little to fall back upon but its copper production, Chairman Alfred Powis reminded shareholders at the recent annual meeti…
Prospector field school gets government grant
Ontario prospectors can learn about the latest techniques and methods of ground geophysics during a 3-day field school offered by the Haileybury School of Mines. The field school is funded by a $3,…
Market slump continues
Ongoing concern about the direction of the economy and gold’s dismal performance managed to keep investors on the sidelines for yet another week. The prolonged market slump has taken its toll on even …
CIM honors award winners at meeting in Quebec City
The 82nd president of the Cana 0000,0600 dian Institute for Mining and Metallurgy is John Laffin. He succeeded out-going president Rene Dufour as leader of the 12,000 – member society at the conclus…
Mining centre planned for Murdochville
A $1.5-million mining tourist attraction featuring a 20-minute underground tour of the old Miller mine is set to open here in June. To be known as the Murdochville Copper Interpretation Centre (Centre…
Metal Prices PRODUCER PRICES (May 15, 1989)
ALUMINUM: MW U.S. Market US99.00 cents – 99.50 cents per lb. (May 4, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.45-$6.60(US) per lb (Apr…