Highland Valley strike settled
The strike affecting operations at the Highland Valley Copper mining and milling complex in the Highland Valley of British Columbia has been settled. According to a spokesman from Highland Valley Copp…
News
Shaft changeover helps to reduce Brunswick earnings
The changeover to a deepened shaft and a maintenance shutdown are among the reasons given by Brunswick Mining and Smelting (TSE) for reduced third-quarter net earnings. The Noranda affiliate recorded …
Claude busy at Seabee gold bet
An underground exploration program, which began earlier this month at Claude Resources’ (TSE) Seabee project in northern Saskatchewan, is scheduled to reach completion by year-end, the company reports…
Canarim agrees to buy unsold Prime units
The Vancouver Stock Exchange received confirmation that Canarim Investment will subscribe for and take down one million units of Prime Resources (VSE) that had been the subject of a recently disclosed…
News in Brief (October 30, 1989)
A NIM and Company limited partnership has committed for the flow-through private placement of $300,000 at 30 cents per share to Teeshin Resources (VSE). Funds will be used on the Dome Mountain projec…
St. Genevieve buys shares in Vauquelin
A private placement has been arranged between St. Genevieve Resources (TSE) and Mines Vauquelin (ME) whereby the former will invest $200,900 in the latter in return for slightly more than one million …
Muscocho still sorting out Magnacon start-up problems
Start-up troubles have tended to slow operations at the Magnacon gold mine near Wawa in northern Ontario but operator Muscocho Explorations (TSE) is confident it will succeed in reaching full producti…
Durga adds zinc bet to Nevada holdings
Calgary-based Durga Resources (ASE) recently added a former lead- zinc-silver producer to a list of Nevada assets which now includes 7,000 acres of mineral rights and two mills. Situated in southweste…
Coxheath ponders alternatives for Tangier
It has been an expensive lesson, both for the 120 local people who were laid off in Nova Scotia last spring and for Coxheath Gold Holdings (TSE) which now owes several creditors who lease equipment to…
Editorial Ontario’s Mining Act
For the past 14 years Ontario has fiddled with its 83-year-old Mining Act, trying to bring it in line with current industry practices yet allowing it the flexibility to deal with concerns that are lik…
Ontario government tables proposed Mining Act update
Long-awaited amendments to Ontario’s antiquated Mining Act were tabled in the provincial legislature this week by Mines Minister Hugh O’Neil. The bill to amend Ontario’s 83-year-old Mining Act follows…
Slow start for Premier Gold Mine, Westmin reviewing problems
Start-up of the Premier Gold mine project near Stewart, B.C., is proving to be a challenge for project operator, Westmin Resources (TSE). The company said the open pit mining program is now several mo…