American Barrick Resources photo
An aerial view of the newly-opened Holt-McDermott gold mine site, located 25 miles northeast of Kirkland Lake, Ont. The gold mine is the first to open in the historic Kirkland Lake gold mining area in…
News
Barrick’s newest mine revives old gold camp
As American Barrick Resources (TSE) opened the Holt-McDermott mine 25 miles north of here recently, no-one was denying that the company’s newest gold producer is an impressive feat of engineering. Sch…
Coin Lake gets green light at Golden Reward operation
Toronto-based Coin Lake Gold Mines (TSE) has received permission to go ahead with gold production at the Golden Reward property in South Dakota. The company said it has received the necessary state mi…
Metal Prices PRODUCER PRICES (August 15, 1988)
ALUMINUM: MW U.S. Market $1.21-$1.24 per lb. (Aug 4, 1988). ANTIMONY: New York dealer $0.99-$1.05 per lb. (July 21, 1988). BISMUTH: New York dealer $5.90-$6.05 per lb. (Aug 4, 1988). CADMIUM: New York…
Bioleach Test Facility for B.C. Gold Project
A 60,000-gallon biological leach test facility will be built by Congress Operating Corp. and Giant Bay Resources (TSE) near Gold Bridge, B.C. The plant, which is expected to be in production this fall…
Editorial In flow-through limbo
Many in Canada’s mineral exploration industry feel they’re in a state of limbo; activity today is certainly not at the level of 1987’s hectic pace, but neither have the dark days of the early 1980s re…
Lawsuit without foundation, says ex-Seabright chief
The former chairman and chief executive officer of Seabright Resources says a lawsuit launched against himself and other former directors of the company is without foundation. “The allegations contain…
Prospector Airways
A formal agreement is expected to be signed shortly that will allow recently-listed Prospector Airways (VSE) to earn a 40% undivided interest in Esso Resources Canada’s Eagle properties in the Dease L…
Grab Samples (August 15, 1988)
The federal government’s Export Development Corporation says its deal to insure Placer Dome’s investment in Papua New Guinea is its largest foreign investment deal ever. The insurance covers Placer’s …
Catear goes underground to prove up reserves
Some people like to do things the old fashioned way. And this probably explains the reasoning behind the current program at Catear Resources, (VSE) Goldwedge property, less than a mile from the Newhaw…
High pitch in profit for Battle Mountain
The profit song of Battle Mountain Gold (TSE) keeps taking on a new and higher pitch. The 3-year-old company reports record earnings in the second quarter and first half of this year, largely, its cha…
Vancouver Stock Exchange Halley gains on Newfields’ deal
A stronger US dollar, talk of higher interest rates and a weaker gold price — the usual culprits — are being blamed for keeping investors on the sidelines of most North American Exchanges, including…