Cost remarkably low at Emerald Lake mine
R. A. Bruce McDonald’s first gold discovery was in Quebec’s Casa Berardi area. But his first gold producer is the Golden Rose mine, located 60 miles northeast of here, Mr McDonald is the charismatic c…
News
Tyranex Gold Inc. announces offering
Toronto-based Tyranex Gold has completed a private placement of 200,000 units, each unit comprising one company common share and one common share purchase warrant to purchase a single common share at …
Metal Prices FUTURES PRICES (October 12, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Oct. 83.25 83.25 83.10 + 1.70 Dec. 83.45 82.70 83.00 + 1.8…
Yorbeau, Bourlamaque reach agreement
An agreement has been signed by Yorbeau Resources and Bourlamaque Mining Exploration whereby the latter may earn a 50% interest in Yorbeau’s Vauper property in northwestern Quebec. Bourlamaque may ear…
Toronto Stock Exchange Court news rally gives way to retreat
An Ontario Court of Appeal decision this week re-affirming an earlier court ruling to award International Corona Resources the Page Williams gold mine put into production by Lac Minerals in northern O…
Fun Fair Winners
There were three big prize winners at the recent Country Fun Fair of the Women’s Association of the Mining Industry of Canada. More than 550 people (not counting innumerable children) braved some driz…
Teachers see mining in first- hand tours
The mining industry in Ontario, through the Ontario Mining Association, has made a determined effort to acquaint the province’s teachers with the size, scope and importance of the industry. The oma s…
Orofino to mine Scadding deposit
Mining operations have begun on Orofino Resources’ Scadding property near Sudbury, Ont. Mining via a decline ramp will produce 120,000 tons of ore grading 0.22 oz gold per ton. Stockpiled ore will the…
BP, partners to produce from third Selbaie zone
A third zone will be developed at the joint-venture Selbaie copper- zinc mine in northwestern Quebec, with production to begin during the last quarter of 1988. Estimated cost of bringing the new A2 zo…
Letters to the Editor Pickens after coal, not gold?
Reference is made in your article in the Sept 28 issue, “Newmont pushed to wall by gold-hungry Pickens.” The reader questions that Pickens is really interested in gold. He is smart enough to know that…
Sitka Gold formed for Chicagof mine
Three companies involved in the Chichagof mine project 80 miles southwest of Juneau, Alaska, have put their respective interests into a new entity called Sitka Gold. Holding the largest equity positio…
Montreal Exchange Seniors show way
While the junior mining companies have tended of late to be among the active issues on the Montreal Exchange, two of the “senior” mining firms shared the limelight this week. Lac Minerals, which dropp…