Hall of Fame to honor first 12 inductees
First inductees into the recently-formed Canadian Mining Hall of Fame will be announced at an inaugural dinner to be held in Toronto November 21. The Hall of Fame will pay tribute to those individuals…
News
MacDonald Mines
A group of shareholders of MacDonald Mines (COATS) have called a special shareholders meeting to elect a new board of directors. The group says that the previous board resigned at the beginning of the…
Can. Centre for Geoscience Training
Canada’s world renown expertise in mineral exploration technology, which has aided in numerous international mineral discoveries, is becoming even more accessible to developing nations. Through the Ca…
Obituary C. P. Girdwood
Charles P. Girdwood, former general manager of the Dome gold mine in South Porcupine and a former vice-president and director of Dome Mines, died August 8 in hospital at Ottawa. He was 78. Before join…
Corona Operator of Phase II Program on Brett Property
A Phase II exploration program operated by Corona Corporation (TSE) is now underway on the Brett property west of Vernon, B.C. The company has earned a 51% interest in the project from Huntington Reso…
People (August 22, 1988)
Golden North Resources — John S. Godfrey appointed chairman of the board; Paul F. Saxton, president; Anthony Tam, treasurer; Eunice E. Davies, assistant secretary.
Toronto Stock Exchange Listless performance a result of uncertainty
A cloud of uncertainty continued to hang over the exchange this week as investors remained liquid, showing reluctance to increase their positions until a clear sign of a market turnaround appears. Cho…
Vancouver Stock Exchange Low market liquidity
When your broker insists the market is “bottoming out” and the dailies carry stories about brokers having to drive to work in their Volkswagen “bug” instead of a Porsche you just know things are getti…
Costs at White mine approach break-even
Production costs at the Arthur White mine near Red Lake, Ont., averaged $510 per oz during the first half of this year, Cambior Inc (TSE) says. Current gold prices are about $525(C). Cambior, which so…
FINANCING (August 22, 1988)
ONTARIO Norad — final rec iss offer 1,000,000 @ 50 cents per sh. NovaGold — final rec iss offer max 10,000 & Min 1,667 @ $1,200 per unit. McLaren — final rec iss offer min 900,000 & max 1,200,000 …
Editorial Bonus system not cause of minefatalities
There’s a disturbing pattern emerging in mine safety statistics. While lost-time accidents have shown a significant decline over the past several years, mine fatalities have not been reduced at all. I…
Golden Rose mine blamed for Noramco Mng. losses
Losses reported on Noramco Mining’s (TSE) balance sheet during the first six months of 1988 were due largely to problems at the Golden Rose mine west of Thunder Bay, Ont., the company announced recent…