Mining group slides
The Toronto Stock Exchange’s composite index stayed range-bound during the report period June 21-27, settling at 9,998.09. A 2-parts-per-million change on the week for the broad market obscured some l…
Kirkland Lake Gold Inc
Bema, Cameco, Meridian execs cash in options
The following insider trading transactions were recently reported by the Ontario Securities Commission in the OSC Bulletin:…
Kirkland Lake Gold boosts reserves
Within six months,
People (December 15, 2003)
Alamos — John McCluskey appointed president; John Van De Beuken appointed VP and COO; Leonard Harris appointed director; Chester Millar and Stephen Stine resigned as directors.Becker — John Berezowe…
Kirkland Lake cuts porphyry south of Main Break
Underground drilling by Kirkland Lake Gold (KGI-T) has turned up three new gold prospects at the Macassa mine in northern Ontario. All lie south of the 4700 level and were cut by hole 47-994B.The firs…
Bulls charge, gold bugs fly higher
The “Blackout of 2003” failed to darken the mood of investors, who pushed the Toronto Stock Exchange composite index 128.80 points higher over the Aug. 13-19 report period. The benchmark finished at 7…
Kirkland Lake restarts Macassa mill
Ending a 4-month production hiatus, Kirkland Lake Gold (KGI-T) has resumed milling operations at the Macassa mine in northern Ontario.In early March, Kirkland Lake Gold was forced to suspend operation…
New Macassa discovery shapes up
Follow-up underground drilling has extended the newly discovered D zone at the Macassa mine, west of Kirkland Lake, Ont.Kirkland Lake Gold (kgi-t) sunk six stepout holes on 15-to-30-metre centres from…
Kirkland suspends Macassa (March 10, 2003)
The failure of a pillar between an ore pass and shaft 3 has forced Kirkland Lake Gold (KGI-V) to suspend production at the Macassa mine, west of Kirkland Lake, Ont.A seismic event caused damage to a 6…
Alcoa
A new estimate indicates that the past-producing Macassa mine has a proven and probable reserve of 726,000 tonnes grading 15.4 grams gold per tonne, or 356,300 oz. gold.Kirkland Lake Gold (KGI-V) repo…
Kirkland Lake raises cash
Kirkland Lake Gold (KGI-V) (formerly Foxpoint Resources) has raised more than $4.7 million via a private placement of some 2.6 million common shares at $1.80 apiece.That’s $765,000 more than initially…
Queenston cuts new gold
Two of the first three diamond drill holes sunk by Queenston Mining (QMI-T) at its Kirkland Lake gold project in northeastern Ontario have cut a new zone of gold mineralization. The program is expecte…