Gold’s unique characteristics set it apart
Gold! The word has fired our imagination like no other metal, Ontario’s Ministry of Northern Development and Mines reminds us in a recent information circular. The world demand for gold is still mainl…
News
McFinley seeking partner for project in Bateman Twp.
Bill Cummins, president of McFinley Red Lake Gold Mines (TSE), says he is still hoping to line up a joint venture partner for the company’s Bateman Twp. gold project near Red Lake, Ont. Under an agree…
Delegates discuss acid drainage
About 450 delegates from several countries attended the Second International Conference on the Abatement of Acidic Drainage in mid-September in Montreal. Some 125 speakers at the 3-day conference pres…
NEWS ROUNDUP (September 23, 1991)
Toronto-based Falconbridge says it is cutting 100 jobs at its Sudbury, Ont., operations, after falling nickel prices forced rival Inco (TSE) to announce a similar move. The western world’s second larg…
Leakage detected at Falconbridge
Falconbridge says it expects to lose about 3,500 tonnes of cathode production at its Kidd Creek copper smelter in Timmins, Ont., after a leak was detected in the converting furnace, Sept. 16. Approxim…
Gold hedgers’ hesitation may cost them millions
Time is running out for gold mining companies that plan to hedge their 1992 production. As of June 30, 1991, North American gold producers had sold forward only 29% of 1992 production at US$420, accor…
Placer Dome’s Sigma mine mixes nostalgia with high-tech
Second in longevity among the troika of classic mines started by Dome Mines and Campbell Red Lake Mines in eastern Canada, the Sigma mine in Val d’Or, Que., is a creature of contrasts. The Placer Dome…
Mishibishu activity grinds to a halt
Activity in the Mishibishu Lake area of northern Ontario has come to a virtual standstill over the past year, following a string of disappointments for the area’s two major players, Central Crude (TSE…
Stepout drilling at Fish Lake boosts metal content sharply
Stepout drilling at the Fish Lake property, southwest of Williams Lake, B.C., is confirming results encountered in the first hole of this year’s drilling program. As a result, contained gold and coppe…
BP Canada plans sale of mining assets soon
Following in the footsteps of other oil and gas giants, BP Canada says it’s ready to sell its mining interests. “Selling the mining division reflects the realities faced by the natural resources indus…
Iceberg sinks Nanisivik zinc
A shipment of zinc concentrate from the Nanisivik mining operation on Baffin Island of Conwest Exploration (TSE) is lying on the ocean floor after the ship it was being carried on struck an iceberg. C…
Equity may monitor tailings for 100 years
Closure of the Equity Silver (TSE) mining operation in British Columbia, forecast for the fourth quarter of 1992, will not herald the end of activity there, not by a long shot. Monitoring of the acidi…