Pegasus merger deal with USMX collapses
Merger negotiations have been terminated between Pegasus Gold (TSE) and USMX Inc. (NASDAQ). The decision to terminate was made by the latter which cited “new developments . . . the potential ramificat…
News
Vista to process Laurel Lake ore
Ore from the Laurel Lake gold- silver mine near Creighton, Sask., will be processed at the Bootleg Lake mill of Vista Mines (TSE). Vista reports agreement has been reached for the milling of 9,000 ton…
Former LAC trio get second chance with Perrex
The team that helped make LAC Minerals one of Canada’s most successful exploration and mine development company’s, wants to do it again — this time on its own. Dennis Sheehan and Robert Valliant, bot…
Seabright busy with projects at Moose River and Dufferin
After closing down operations at its Caribou gold property Seabright Explorations (TSE) is concentrating its efforts on a couple of other Nova Scotia projects. The Westminer Canada subsidiary says it …
Letters to the Editor Newmont in Canada
On behalf of Newmont Mining and the many Newmont employees who have been part of the Canadian mining scene over the past 60 years, I would like to express sincere thanks for your gracious comments on …
Esso calculates reserves for SB
Based on data from 1988 surface and underground drill programs, partners Tenajon Resources (VSE) and Esso Minerals Canada have reported geological reserves for the SB property north of Stewart, B.C. I…
Skyline Seeks to Form Joint Venture with Senior Mining Company
Still smarting financially from start-up problems and production shortfalls at its 100%-owned Johnny Mountain mine, Skyline Gold Corp. (TSE) is looking to form a joint venture with a senior mining com…
Bumper crop of mining projects for northwestern Ontario
Over the last few years, the mining industry in northwestern Ontario has created more new full- time jobs for the region than any other industry. It is growing at an unprecedented pace, with two new m…
Uranium Resources aims to boost output
Despite the decline in uranium prices during the past year, Uranium Resources (VSE) posted record earnings for both its fourth quarter and fiscal 1988. The Dallas-based company produces uranium in Sou…
Hall of Fame recognizes mining’s unique characters
Mining attracts colorful and flamboyant characters of all types because its more than just a business, not just a 9 to 5 job — it’s a way of life that can consume all your waking time and more. In th…
Placer Dome, Golden Crescent in unique exploration deal
A junior mining company with roots extending back to the original booms of both the Kirkland Lake and Red Lake gold camps is teaming up with one of this country’s biggest and most successful operators…
Barrick reaps reward from output at seven gold mines
A substantial increase in gold production from seven North American mines made 1988 an extremely lucrative year for Toronto-based American Barrick Resources (TSE). As a result of development at the Go…