MacLellan production up
The MacLellan gold mine near Lynn Lake, Man., produced 55,188 oz of gold in 1988 — up almost 40% from the 39,624 oz produced in the previous year. Credit for the turnaround goes to LynnGold Resources…
News
Newmont exploring Miramar’s Nevada gold properties
Exploration and development work under the direction of Newmont Exploration is continuing through the winter season on the Paymaster properties in Nevada, a bulk tonnage disseminated gold project. Ear…
Momentum builds in Bathurst for base metals exploration
Momentum in New Brunswick’s base metals exploration and mining industries is building. So much so that Robert Stairs, president of the only assay office in the city of Bathurst, is drafting plans to d…
Vancouver Stock Exchange Base metals rekindle interest
Strong zinc and copper prices together with gold’s recent improved performance served to rekindle interest and trading activity in diversified metal producers and exploration companies over the past w…
People (March 13, 1989)
SEVERIDE RESOURCES – Timothy Hoars appointed a director succeeding Murray Sinclair.
Editorial On the level for 75 years
The First World War was fuelling a boom for Canada’s mining industry in early 1915 when Ben Hughes, a mining columnist for a Cobalt newspaper, and Ernie Hand, a printer, put out the first issue of The…
Cominco Resources underground on Mexican Copper project
An underground program has started at the Maria copper project in Mexico, and assuming satisfactory mining conditions are encountered, partners Cominco Resources International (TSE) and Empresas Frisc…
Corona takes write-down on Nickel Plate project
Consolidated earnings of $26.5 million (16 cents per share), before unusual and extraordinary items, on operating revenues of $187.5 million were reported by Corona Corp. (TSE) for the 15-month period…
Audrey confirms rise in Mobrun reserves
As expected, Audrey Resources (TSE) has received a welcome boost at the Mobrun polymetallic mine where production is on hold because of a mill construction program. Based on a study by Kilborn and Ass…
Metal Prices PRODUCER PRICES (March 13, 1989)
ALUMINUM: MW U.S. Market 97 cents – $1.00(US) per lb. (Feb 16, 1989). ANTIMONY: New York dealer $1.00- $1.03(US) per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.40-$6.60(US) per lb (Feb 16, 1989)….
Funds expand exploration program for Int’l platinum
International Platinum Corp., (TSE) has completed a $900,000- private placement of common shares with a group of Swiss, Belgian and English investors. In addition, the company has acquired $533,000 th…
Storimin/Tandem improve odds
Recent drilling has resulted in a rather dramatic improvement in the mine-making chances for the Moss Twp. joint venture gold project of Storimin Exploration (ASE) and Tandem Resources (ME), The North…