1989


New BIG mine opens

Recently starting up operations at its wholly-owned Richmond Hill gold mine in South Dakota was BIG, or Bond International Gold (TSE). The mine, located near the town of Lead, is an open pit, heap lea…


INSIDER TRADES (January 16, 1989)

Agassiz — P. Bannerman bought 33,000 (Oct) @ $3.30-40 to hold 334,050. Burgess Point — Perton Dev bought 31,000 (Nov, private) @ 10 to hold 583,313. Campbell Res — R. Lister bought 25,100 (Oct, No…


European producer price for zinc disappears

A decision by custom smelters in Europe to discontinue publishing a European producer price for zinc or zinc concentrate sales has affected the way Canadian producers report their prices. Falconbridge…


Karl Springer, 1899-

Karl Springer’s name is closely associated with such notable Canadian mining ventures as Mattagami Lake Mines, Granduc Mines, Barymin Limited, Canada Tungsten Mining Corp., and Newfoundland Zinc. He…


Grade, tonnage up at David Bell mine

Increased ore reserves at higher grades have been announced for the David Bell gold mine at Hemlo in northern Ontario. Additional tonnage at lower levels, an increase in the average width of mineable …


PEOPLE (January 16, 1989)

PEGASUS GOLD INC. — John M. Willson appointed president and chief executive officer succeeding James H. Foreman who at the same time was elected chairman of the board.


COMDA shows results at halfway point

The Canada-Ontario Mineral Development Agreement (COMDA) has passed the halfway mark of its 5-year term showing significant results in all programs, a recent progress report says. The $30-million fede…


Tournigan shareholders ask pointed questions

Fights, whether they be professional or amateur, sometimes don’t live up to their billing. At least that was the case at the annual meeting of Tournigan Mining Explorations (VSE) where a dissident gro…


Nine U.S. mines in RTZ-BP deal

Already the world’s largest mining company, Rio Tinto Zinc Corp. (RTZ) is now set to acquire the international mineral assets of British Petroleum, which include interests in nine U.S. mines. The U.S….


Start-up problems at McCabe

Stan West Mining (TSE) has encountered operating problems at its $35 million McCabe gold mine in Arizona. During the first quarter of operations, which began in September, 1988, the mine failed to gen…


Western Canadian to acquire Sulphurets Gold

Major shareholders of Sulphurets Gold (VSE) have agreed to vote in favor of an agreement that would result in Western Canadian Mining Corp. (TSE) acquiring 7,423,290 of its shares in exchange for West…


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