Describing it as the “dawn of a new day for the American mining industry,” Homestake Mining Chairman Harry Conger set the tone for what was certainly an upbeat American Mining Congress convention here…
In the fall of 1989, a major symposium focusing on all aspects of the gold mining industry of North America and Australia will be sponsored jointly by the Society of Mining Engineers of AIME and Austr…
Until American Barrick Resources (TSE) opened its Holt-McDermott gold mine in an extravagant ceremony recently, Ontario’s Harker- Holloway area hadn’t seen a new mine for as long as any of the guests …
Quebec junior MSV Resources (ME) plans to go it alone at the Eastmain gold project near James Bay. MSV has announced it has entered into an agreement with project partner Placer Dome (TSE) to purchase…
ALUMINUM: MW U.S. Market $1.115-$1.14 per lb. (Sept 22, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.25 per lb. (Sept 8, 1988). CADMIUM: New Y…
As our mines grow older, our miners are working in stopes which are deeper and deeper underground. Some stopes are 6,000 ft below surface and two new base metals discoveries in the Sudbury Basin — th…
The phrase “due diligence” is familiar to most people in the business world, but how many people really know what it means? To the average business person, the phrase indicates an extensive, comprehen…
Two mining companies in northern Quebec, Cambior Inc. (TSE) and Audrey Resources (TSE), recently revealed details of forward sales of production. Cambior will deliver, during the last four months of 1…
Gordon Strasser, a 59-year-old mining engineer, calls it “cookie jar mining.” The term describes a new method of mining those isolated pockets of rich gold mineralization which are too small to justi…
A delay in the start of the 1988 mining season and debenture issue costs totalling $1.932 million(US) led to a seasonal second quarter loss of $4.348 million for Galactic Resources (TSE), up considera…
ONTARIO Alterio — final rec iss offer min 625,000 & max 1,250,000 @ 80 cents per unit to net min $465,000 & max $930,000. VANCOUVER Camas — gross proceeds rec $200,000. Gold Torch — gross proceeds…
For the first time since 1980, Canada is without a federal minister of state for mines. The change, part of Prime Minister Brian Mulroney’s recent cabinet shuffle, has so far drawn mixed reactions fro…
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