1988

A $70 million construction program will be undertaken by Highland Valley Copper in British Columbia to relocate two mills to a site adjacent to the Lornex Mining milling complex. The program is expect…

The 60th annual meeting of the Lead Industries Association and the 70th annual meeting of the Zinc Institute will open April 11 in Chicago. The 3-day lead/zinc affair will cover marketing and supply-d…

A crashing gold price, which erased 232.13 pts from the tse’s gold and silver index today, was the only highlight in a generally lacklustre trading week. Bullion tumbled through the $440-mark to $435….

A bid by St. Genevieve Resources of Montreal to buy up the outstanding balance of shares of Louvem Mines it does not already own has been announced. St. Genevieve holds an approximate 56% interest in …

Hourly employees at Lac Minerals’ Bousquet mine near Malartic, Que., have voted 80% in favour of accepting a new three-year collective agreement, the company said recently. The 262 employees represent…

An agreement has been worked out between Rambo Exploration of Rouyn-Noranda, Que., and To ronto-based Royex Gold Mining whereby the latter may acquire a 50% interest in Rambo’s 35-claim gold prospect …

Walter Baker, an 83-year-old Kirkland Lake prospector who first suggested to Donald McKinnon that claims around the cpr whistle-stop of Hemlo might be worth looking into, has been named Prospector of …

Equinox Resources has an option to earn a 60% interest in the Maude Lake gold deposit in Ontario. The deposit contains reserves of more than one million tons grading 0.2 oz gold per ton, not 0.1 oz as…

Claims by Noranda Inc. that exploration information about a gold property in northwestern Quebec was withheld prior to the sale of shares in one of the companies involved have been denied by Agnico-Ea…

AGIP Canada, the wholly-owned affiliate of AGIP SpA of Italy, one of the world’s leading oil and gas companies, is taking on a more aggressive role in the Candian mining industry. Although the company…

Earnings of $3.5 million (11 cents per share) were recorded by Belmoral Mines of Toronto during 1987, compared with net income of $1.4 million (5 cents per share) for the year before. Revenues for th…

Net income of $591,000 (2 cents per share) was recorded by Toronto- based Hope Brook Gold for the five- month period ending Dec 31, 1987. Cash provided by operating activities totalled $674,000. Hope …