Kingswood options Mid-North prospect
An option to acquire a 55% interest in the Bourlamaque property of Mid-Canada Gold and Copper Mines (ME) in northwestern Quebec has been acquired by Kingswood Explorations 1985 Ltd. (ASE). Kingswood m…
News
Ontario’s gold miners hardest hit by MISA
The toughest environmental legislation on the continent is said to be in California. But Ontario’s Environment Minister, James Bradley acts as if he is trying to better the Golden State. Ontario’s Mun…
Books Arizona copper industry
The annual report on Arizona’s copper industry covering the year 1987 is now available. Special Report No 14, The Primary Copper Industry of Arizona in 1987 covers production, stripping ratios, ore gr…
NO END IN SIGHT
When Brunswick’s No. 12 mine Wcame into production at a rate of 4,500 tonnes per day in 1964, a mine life of about 25 years was forecast. Today, 25 years later, mining at a rate of 10,500 tonnes per d…
Audrey to announce results of Mobrun study
Audrey Resources (TSE) and joint venture partner Minnova Inc. (TSE) are planning to announce a reserve update at their Mobrun polymetallic mine near Rouyn-Noranda, Que. Mine manager Jean Bailly refuse…
Mill. oz gold loan secured by Barrick
Toronto-based American Barrick Resources (TSE) has successfully closed its 1,050,000-oz gold loan agreement which is designed to finance a $365(US) million development program at the Goldstrike mine i…
Alberta Stock Exchange Guinness rises
While the name is certainly eyecatching, there is apparently no connection between Toronto-based Guinness Gold Resources and the well known Irish brewer. Nevertheless, an attempt by Guinness Gold to c…
Letter to the Editor Lunar Base preparations under way (April 03, 1989)
As a member of the Space Studies Institute (but not an official spokesperson), I was interested to see the editorial regarding lunar mining (N.M., Mar 20/89). May I comment? It is true that as a post …
Decline in metal prices felt by commodity index
Stumbling metal prices in February contributed to a decline of almost 1% in Scotiabank’s all- commodity price index for that month. “Industrial metal prices moved down in February and March from high …
Montreal Exchange Louvem mine partner
Continuing to pop up in the news is Louvem Mines, the Val d’Or area gold producer which has been expanding its Chimo mine operation. The latest development involving the company has major Quebec gold …
SUSTAINING MORALE
“Hi John, how are ya?” “Mornin’ “HJim, how ya doin’ b’y?” At the Brunswick mine site, people greet each other by their first names. The impression one gets is that these workers have known each other …
Nord profits increase
Nord Resources realized an 18.6% increase in earnings last year with a profit of $15.7 million(US). Last year the gold and industrial minerals producer earned $13.2 million. The increase in earnings i…