Toronto-based Dickenson Mines appears well on its way to boosting its gold output significantly after gaining effective control of Wharf Resources of Calgary. With its 66% interest in the Arthur W. White mine in northwestern Ontario, which produced almost 68,000 oz gold in 1986 and should have a similar output this year, and its current 26.5% interest in Wharf, which turned out 26,068 oz in 1986 from its South Dakota heap-leach mine and will produce a projected 43,000 oz this year, Dickenson will be in control of annual production exceeding 100,000 oz (although its actual share of that total will be less).
Dickenson has been buying shares of Wharf, which in addition to its producing mine has an interest in an exploration property in Nevada, during the past few months.
The current chairman of Wharf, Alan Farmer, has announced he will resign Jan 4, along with two directors. Four representatives of Dickenson will then be named to the seven-member board, replacing the chairman and two directors and filling an existing vacancy.
Dickenson’s joint-venture partner in the White mine is Cambior Inc., which recently took over Sullivan Mines.
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