Record Mint year
Sales of the Maple Leaf gold coin in 1987 totalled more than 1.4 million oz, or 40% of all gold mined in Canada last year, the Royal Canadian Mint reports. The Mint says the Maple Leaf coin, on a worl…
News
Kidd Creek fined for environment law violations
Kidd Creek Mines has been fined a total of $40,000 on 10 counts of violating the Environmental Protection Act. The fines were levied in Timmins Provincial Court on Monday, April 25. Provincial Court J…
Metal Snips (May 02, 1988)
The Canadian Maple Leaf gold coin outsold the American Eagle gold coin in 1987 and could do the same again in 1988. Sales of the Maple Leaf coin topped 1.4 million oz gold in 1987 to the Eagle’s 1.2 m…
Canadian United drilling results prove encouraging
Final results are in from a drill program on the east zone of Canadian United Minerals’ (vse) Fireweed property 32 miles northeast of Smithers, B.C. About 14,000 ft of drilling was recently completed …
Exploration drilling
Three new drills have been introduced into the underground diamond drilling market in the past year, according to a survey of the three major manufacturers with offices in Canada. JKS Boyles Internati…
Tantalum symposium
An international symposium on tantalum and niobium is being organized for Nov 7-9 at Orlando, Fla., by the Tantalum-Niobium International Study Centre. The centre reports the last symposium on tantalu…
Battle Mountain pays $40m in purchase from Noramco
U.S. gold miner Battle Mountain Gold Co. (TSE), has expanded into Canada with a $40-million investment in a portfolio of properties controlled by Noramco Mining Corp. (TSE). Battle Mountain’s invest…
Exploration drilling FLOW-THROUGH UNCERTAINTY LINGERS
Many of Canada’s drill manufacturers experienced record sales last year, but fears are growing among them that the current exploration boom may soon become a bust. It all depends on whether new drills…
Court orders Blackdome miners to return to work
A group of underground employees at Blackdome mine near Clinton, B.C. were expected to be back on the job last week following a court order which called for an end to their 6-day strike. The 18 member…
Nickel price won’t sway Que. Raglan
If the shareholders of New Quebec Raglan Mines (TSE) were hoping that a sudden upsurge in nickel prices would encourage the company to harness its huge nickel deposit at Ungava, Que., they came away f…
Editorial Common sense may yet win out
It’s sometimes difficult to separate reality from wishful thinking when it comes to judging the success of the mineral exploration industry’s campaign to save flow-through financing. The issue itsel…
Cambior projecting output of 200,000 oz gold in ’88
Quebec-based Cambior Inc. (TSE), which produced about 142,000 oz gold during 1987, is projecting an output of 200,000 oz for this year and 1989, and more than 250,000 oz for 1990. Cambior, with a 50% …