1989

From a report by Max Matte, secretary-manager of the Canadian Diamond Drillers Assocation (CDDA), to the association’s annual general meeting in Quebec City recently. The year 1988 does not have what …

Toronto-based investment firm Oxford Acquisitions Inc. recently launched a $100-million law suit against Granges Exploration (TSE) and Outokumpu over a recent deal involving the Trout Lake mine in Man…

Placer Dome has obtained approval from the government of Papua New Guinea to begin construction at its Porgera gold project, a $900-million investment. Placer Dome is operator holding a 30% interest w…

For the first quarter ended March 31, Malartic Hygrade Gold Mines (VSE) earned $211,353 or 6 cents per share. This compares with earnings of 4 cents per share during the same period last year. Malart…

The production performance of the Jolu mine in Saskatchewan was impressive in March. In April it was spectacular. Jolu turned out 7,466 oz of gold in April, a 29% increase from the 5,775 oz produced i…

The reactivation of the Bunker Hill mine has breathed new life into this depressed community which went into a tailspin after the mine shut down in 1981. Even so, the fragile nature of the area’s econ…

There’s good news and bad news as Canada’s diamond drillers face the 1990s. The good news is that there’s a level of prosperity in the industry that hasn’t been enjoyed for at least a decade, the res…

A preliminary short form prospect with respect to the offering of seven million units (shares and warrants) will be filed with the Ontario Securities Commission by LAC Minerals (TSE). Each unit will c…

Known as a diversified natural resources company, Noranda Inc. (TSE) once had little to fall back upon but its copper production, Chairman Alfred Powis reminded shareholders at the recent annual meeti…

Ontario prospectors can learn about the latest techniques and methods of ground geophysics during a 3-day field school offered by the Haileybury School of Mines. The field school is funded by a $3,…

Dickenson Mines (TSE) has increased its holdings in Wharf Resources (TSE) to 38.9% through the purchase of another 396,500 shares of the latter. Wharf operates a heap leach gold mine in South Dakota. …

Last year’s record-high nickel prices helped Ontario maintain its position as Canada’s premier producer of non-fuel minerals with production twice the value of any other province last year. Ontario is…