Correction (March 27, 1989)
Union agreements do not require Campbell Resources (TSE) to keep its S-3 mine open as recently reported (N.M., Mar 20 /89). Campbell is exploring for additional reserves in the hope of prolonging the …
News
Details still under discussion of Dumagami, Agnico merger
Dumagami Mines (TSE) was expected to announce a merger with Agnico-Eagle Mines (TSE) at Dumagami’s annual meeting, but the issue didn’t even come up until after the meeting when company representative…
Newmont adds 1.3 million oz to Carlin area gold reserves
An evaluation by Newmont Gold Company (NYSE) of drill results from 16 properties in the Carlin belt has increased its proven and probable reserves by 9% to 16.3 million oz of contained gold. These res…
Neptune secures $90 million loan
Vancouver-based Neptune Resources (TSE) has secured the $90-million project loan it needs to complete plant and mill construction at the Colomac gold project in the Northwest Territories. A consortium…
Silver King, Pacific Silver reactivating U.S. copper mine
After an 8-year shutdown, the Copper Cliffs mine and mill complex in western Idaho is being reactivated by Silver King Mines (NASDAQ) and Pacific Silver Corp. (NASDAQ). The Utah-based companies operat…
Atlantic, Jascan buy shares in each other
While Atlantic Goldfields (COATS) and Jascan Resources (TSE) own shares in each other, it is unclear whether either side has further designs on the other. Jascan recently reported it owns 692,300 shar…
Corona ponders legal action in fight over Dickenson
More legal trouble may be brewing over the takeover battle for associated companies Dickenson Mines (TSE) and Kam-Kotia Mines (TSE). Corona Corp. (TSE), which is bidding against gold fund Goldcorp Inv…
Queries More to Borealis share price than short selling
Back in 1986, we purchased 200 shares of Borealis Exploration at $29 per share. Recently, however, there has been a great fall in the price of these shares. Could you kindly inquire as to the reasons …
Editorial A $4-million gesture
Too often good deeds go unnoticed. So it’s nice to have the opportunity to tip the hat to some of the actions that make people in the mining industry proud. In particular, Inco gets the nod for a $4…
Cheni Gold near full capacity at Toodoggone mine
Despite one of the coldest winters on record, Cheni Gold Mines (TSE) says commissioning of the 550-ton-per-day mill on its 100%-owned Lawyers property in the Toodoggone area of British Columbia, has p…
Book Review A new publication
The Michigan department of natural resources has produced a new open-file report, “Inventory of Geological Core and Sample Repository,” compiled by William T. Swenor. This 21-page report contains the …
Dickenson management welcomes Goldcorp bid
A second bidder has come forward with proposed takeover offers worth a combined $107 million for associated companies Dickenson Mines (TSE) and Kam-Kotia Mines (TSE). Toronto-based gold fund Goldcorp …