1987

Agnico statement expected in early ’88

A statement of defence in a lawsuit involving plaintiff Noranda Inc. and the defendants, Agnico-Eagle Mines, Mentor Exploration and Development and Dumagami Mines is expected to be filed in early 1988…


Canadian gold miners active in Ghana

Out of the world gold spotlight for some time now, the West African nation of Ghana may be about to make a comeback — in part because of the initiative being shown by a number of Canadian mining comp…


Gldn Terrace makes second discovery at Richardson Lk

Deeper drilling, to 500 ft, has doubled inferred reserves on the Richardson Lake property, 70 miles east of Red Lake, Ont. Owned and operated by Golden Terrace Resources the project now has 200,000 to…


Echo Bay Mines pays dividend

Echo Bay Mines has declared an increased semi-annual dividend of 35 cents (US) per common share, payable on Dec 31 to shareholders of record on Dec 15. According to Echo Bay, the previous semi-annual …


Pickle-Opapimiskan a big producer by 1990s

By the early 1990s, the Pickle- Opapimiskan Lakes area in northwestern Ontario could have four gold mines in operation producing more than 200,000 oz of gold. Such a production forecast, combined with…


Bachelor Lake resumes production

In the absence of revenue from its Desmaraisville, Que., mine during the first nine months of 1987, Bachelor Lake Gold Mines didn’t expect its recently released interim report to be an earth-shatterin…



Noramco/Emerald merge with Crow

Shareholders approved the amalgamation of Noramco Mining, Emerald Lake Resources and Highland Crow Resources at a meeting held in Vancouver recently. The purpose of the merger was to combine the explo…


Silverado to produce

Silverado Mines plans to start a small gold mining operation this month at its Grant property, near Fairbanks, Alaska. A 300-ton-per- day mill is on site which will process material from three zones a…



Placer Dome to operate Australian gold mine

Placer Dome Inc. has committed itself to bringing another gold mine into production, the company said recently. The Big Bell gold property in Western Australia will be developed by Placer Pacific Ltd….


Japanese play hardball in Quintette coal row

While Quintette Coal has accused them of attempting to squirm out of long term contracts, a major Japanese steel manufacturer says it has no alternative but to take a pricing dispute involving Quintet…


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