Madeleine is full steam ahead
Progress being made at the Lac Des Iles’ project of Madeleine Mines in northwestern Ontario makes it almost a certainty that this country will soon have its first straight platinum-paladium producer -…
1987
Mono planning underground work
Mono Gold Mines says that drill indicated and inferred reserves at its Bannockburn project 167 miles northeast of Toronto now stand at 372,154 tons grading 0.395 oz. The reserves are calculated over a…
Conwest to issue convertible debentures
Conwest Exploration recently entered into a “bought deal” underwriting agreement with McLeod Young Weir, Merrill Lynch Canada and Dominion Securities. Under the agreement, the underwriters will purcha…
Barrick disposes
Toronto-listed American Barrick Resources Corp. has completed its planned disposition of all its non- gold assets. It has sold its two coal supply agreements and certain mining equipment, representing…
Master signs deal to explore Hunter gold mine in Timmins
The gold discovery that started it all in the Timmins-Porcupine camp in 1908 — the old Hunter Gold mine — could come to life again. Eric Davis, chief executive officer of coats-listed Wabigoon Resou…
Watch it grow again: profit for Battle Mountain
Improving gold prices and lower unit production costs are the prime reasons for the 50% increase in profit posted by U.S.-based Battle Mountain Gold in its first quarter. A profit of $8.8 million or 2…
Metal Prices FREE MARKET London Metal Exchange (May 18, 1987)
Spot closing prices in Pound Sterling per tonne Date May 12 May 11 May 8 May 7 May 6 Copper 909-910 918-920 860-908 892-893 876-877 Lead 409-413 419-421 …
Amca is building bigger leach pad at Arizona Bet
One small heap leach pad is fully operational and a second but larger pad (20,000-25,000 tons) is being constructed at Amca Resources’ Silver Cross property near Phoenix, Ar. Some copper-bearing ore h…
Encouraging results for Skeena Resources
Skeena Resources says encouraging results have been received from drilling by operator Noranda Inc. on the Schroeder Mountain area of the Maggie Creek Ranch property at Carlin, Nev. Skeena is in a joi…
Editorial They do us proud
It was an impressive, even moving, sight at the awards dinner of the Canadian Institute of Mining and Metallurgy to see the nearly three dozen men invited up to the head table to be honored for their …
Iron ore workers approve contract
Iron Ore Company of Canada workers at Labrador City, Nfld., members of USW Local 5795, have approved a new contract. Terms of the contract were not disclosed. The union local is the bargaining unit fo…
Tyler trades on TSE
The shares of Calgary-based Tyler Resources began trading on the Toronto Stock Exchange under the stock symbol “tys” effective April 28. The original listing is in the mining category for 6,674,833 co…