OBITUARIES (September 06, 1999)
Mervyn Arthur UphamMervyn Upham, who earned a place in the Canadian Mining Hall of Fame for his part in developing 22 mines in this country, has died following a lengthy illness. He was 82.Born in Bay…
Madsen Project
Claude updates inventory
An independent consulting firm has updated reserves and resources at the Madsen and Seabee gold mines, both of which are owned by Claude Resources (CRJ-T).A.C.A. Howe International pegs Madsen’s minab…
Claude sets production record — Earnings steady but writedowns hurt profit figures
A record year for production at the Seabee gold mine in northern Saskatchewan ensured an operating profit for Claude Resources (CRJ-T) in 1998, but writedowns taken on assets meant earnings were lower…
Claude sizes up new zone
Drilling in the footwall at the Madsen gold mine in Red Lake, Ont., has intersected a gold-bearing structure similar to the producing Austin zone.Claude Resources (CRJ-T) drilled 144 holes totalling 1…
GOLD AND PRECIOUS METALS — Gold companies merge for growth, or survival — Majors, mid-tier producers and juniors take part in merger mania
From the largest South African producers to juniors with small mines, gold companies are joining forces in an attempt to weather a prolonged slump in prices that has already taken its toll on a number…
Claude completes friendly takeover of Madsen Gold
Saskatoon-based Claude Resources (CRJ-TA) has successfully acquired a majority ownership in Madsen Gold (MGF-T).The two companies signed a friendly takeover agreement in mid-February that involved the…
Claude scoops up Madsen
Saskatchewan’s largest gold producer, Claude Resources (CRJ-T), is acquiring fellow narrow-vein miner Madsen Gold (MGF-T), owner of the reopened Madsen gold mine in Ontario’s Red Lake camp.Claude is a…
Madsen arranges $3.5-m funding
Additional financing may help the Madsen gold mine in Red Lake, Ont., to reach full production this fall, several months behind schedule.Madsen Gold (MGF-T) has arranged a private offering of 1 millio…
Madsen sinks cash into namesake mine
Madsen Gold (MGF-T) has formulated plans to spend $3.5 million on underground exploration and development at the newly reopened Madsen gold mine, near Red Lake, Ont.The mine, which has been producing …
ODDS ‘N’ SODS — The emerald explorer
By the time he came to live in Red Lake, Ont., in April 1945, Peter Rainer had already discovered more emeralds than any other man in the world.As the new consulting engineer for a New York City-based…
THE GLOBAL SEARCH FOR GOLD SPECIAL — Gold still favorite target in N.W. Ontario
Gold projects have always been the heart of mining in northwestern Ontario. Much of the work, naturally, centres around the highly productive Red Lake district, but the region swarms with volcanic bel…
Madsen finds more gold at Red Lake
Underground exploration drilling from the second level of the Madsen mine, southwest of Red Lake, Ont., has encountered a new zone with abundant visible gold and high grades.Madsen Gold (TSE) is explo…