1988

An announcement that Mohave Gold has delivered a letter of intent to buy and Nevada-based gold/silver producer called Canyon Development Mining Inc., made Mohave one of the most active traders. With 4…

Muscocho Explorations (TSE) and Echo Bay Mines (TSE) say they have completed a private placement agreement designed to finance development at a number of projects including the Magino gold property ne…

Last week the federal government’s decision to extend and enhance flow-through (at least for juniors) was greeted with a big yawn; but the market has backed off since then and today it followed Toront…

William E. Bawden, a former chief engineer in the 1950s and 60s of the then-Ontario Department of Mines, inspection branch, has died at Port Hope, Ont., at age 90. A 1926 mining engineering graduate o…

London Metal Exchange Spot closing prices in Pound Sterling per tonne Date May 10 May 9 May 6 May 5 May 4 Copper 1320-1330 1232-1234 1182-1184 1200-1202 1188-1190 Lead 337-339 …

Official opening ceremonies for a gold mill in the village of Beardmore, Ont., were held this week by Ateba Mines (TSE) of Toronto. The company is using an ore sorting machine to upgrade mine waste du…

Although the company hasn’t abandoned its policy of developing new mines, Pegasus Gold (TSE) appears to have switched strategy, at least temporarily, to increase its gold output. Pegasus has entered i…

Falconbridge Ltd. (TSE) plans to resume drilling this month on the Lac Rouleau, Que., gold project held with partner Beaufield Resources (TSE). The program will focus on the 18 zone which has been tes…

The reason Opawica Explorations (TSE) has yet to receive a royalty payment from the producing Lac Shortt gold mine in northwestern Quebec is because there has been no royalty payable, Minnova Inc. (TS…

Rio Algom’s Panel mine at Elliot Lake, Ont., has become the only North American mine in the world to hold a 5-star rating in the International Safety Rating System. The 5-star standing, announced by t…

The East Anglia Kemptville, N.S., tin mine is back on track, with improved recoveries and a daily milling capacity greater than originally planned, according to manager Ken W. Collison of the Rio Kemp…

Earnings during the first quarter of this year were $14.5 million (17 cents per share) compared with restated earnings of $2.3 million (3 cents per share) for the 2-month period ending March 31, 1987…