Although Royal Oak Mines (TSE) isn’t producing as much gold as last year, the company’s new management team is reporting an improved financial performance for both the first nine months of 1991 and th…
The silver stockpile of the U.S. defence department has been reduced by 41% through U.S. Mint coinage programs since the Mint began drawing from the stockpile in 1986, The Silver Institute of Washingt…
Full production at the St-Aime-du-Lac-des-Iles graphite concentrator north of Montreal will resume Nov. 25 after having been operated on a part-time basis since April, Stratmin Graphite, a 75% owned s…
Union members at Cameco’s (TSE) uranium refining operation in Port Hope, Ont., have ratified a new collective agreement. The 3-year contract provides for an immediate wage increase averaging 4% and av…
It is remarkable how differently Canada treats its miners compared with its farmers. In the public’s eyes, farmers are heroes, stewards of the earth, defenders of a simpler, kinder way of life. Miners…
Donald Williams elected president; Morris Beattie, Owen Dolan, Alexander Burton, Donald Williams and Thomas Sawyer elected directors.
A 3-year extension was recently given to Sikaman Gold (TSE) on its option to bring the Snow Lake tailings project into production after tests showed that an alternative pre-concentration method could …
Former Metalore Resources (TSE) geologist Barbara Kowalski has successfully launched a new junior exploration company with a mandate to develop three claim groups near Beardmore in northern Ontario. S…
A combination of lower ore grades and weaker gold prices slashed Echo Bay Mines’ (TSE) third-quarter earnings in half, from US$5.1 million (5 per share) in 1990 to US$2.3 million (2 per share). At 50%…
The results of a bulk-sampling program on Swansea Gold Mines placer property near Wisdom, Mont., indicate that the gold-bearing material has an average recovery of 0.055 oz. gold per cu. yd. The resul…
After 22 years of operation, Phelps Dodge (NYSE) will be closing its Tyrone mine concentrator in New Mexico. Sulphide ore reserves are expected to be exhausted by the end of 1991 but mining of low-gra…
Higher output was reported by Cambior (TSE) for the third quarter of 1991 but net earnings decreased. The gold producer attributed the earnings dip to a large drop in the net selling price for gold du…
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