Fraud charges force resignation
Eric Laing has resigned as a director of five companies comprising the Applegath Group. Laing gave up his directorships in Golden Pond Resources (VSE), Alotta Resources (VSE), Tundra Gold Mines (VSE),…
News
FUTURES PRICES (March 27, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar140.90 137.10 139.80 — 4.80 May136.20 131.50 134.80 …
Letter to the Editor Ontario Hydro cost conscious
Contrary to the opinion stated in the Feb 6 editorial “Money is no object,” Ontario Hydro is proposing the least cost option for reducing acid gas emissions. Costs are a major consideration for all pr…
Stralak feasibility expected by July
Drilling on a zinc property held by Stralak Resources (VSE) has outlined reserves of 859,974 tons in three zones. Located in the Benny greenstone belt, 40 miles northwest of Sudbury, Ont., the deposit…
Calpine modified out of Prime’s takeover plan
The business arrangement whereby Prime Resources (VSE) was to have acquired all the shares of Canacord Resources (TSE) and Calpine Resources (VSE) has been modified. Prime still intends to proceed wit…
The Northern Miner’s role
Editor’s Note: Our policy is to publish each week the most significant developments in the mining industry. Regarding your concerns about our coverage of the Neptune story in particular, we feel that …
Ateba problems
Ateba Mines (TSE) has opted to discontinue its participation in the Magnet mine project with joint venture partner Roxmark Mines (TSE). Located near Geraldton, Ont., the Magnet mine was a former gold …
Beaver makes changes at Kramer Hill mine
Production has resumed at Beaver Resources (TSE) Kramer Hills project in California following the addition of a crusher, agglomerator, conveyors and a stacker. “The added equipment will solve the diff…
Editorial No equivalent to gold
Reporting ore reserves is a slippery business at best. Ore, of course, is material that can be mined at a profit. What constitutes ore, however, changes with the price of commodities, mining plans and…
Catear suspends production until April
Poor weather conditions and heavy snowfall in the Sulphurets area of northwestern British Columbia have led Catear Resources (VSE) to suspend operations at its Goldwedge mine until April. In the meant…
News in Brief (March 27, 1989)
Field work has been completed on Epoch Capital Corp.’s (VSE) mineral properties in the Baie Verte area of Newfoundland. The Calgary-based company says it is currently awaiting final reports on the fie…
Atlas Gold Bar mill expansion will raise output to 60,000 oz
Atlas Corp. (NYSE) expects to produce over 60,000 oz gold in 1989 because of the expansion of its Gold Bar mill in Eureka Cty., Nev. Process capacity was recently doubled to 3,000 tons per day and gol…