News

The Macassa mine near Kirkland Lake, Ont., will see gold production increase by about 18% this year because of higher than expected ore grades and mill throughput. A spokesman for owner LAC Minerals s…

Falconbridge Ltd. (FL:TSE), in Onaping, Ont., is to develop a computer system which may improve productivity and efficiency in underground mines. Under a $158,000 contract with CANMET, Falconbridge is…

Throughout the summer months the Prospectors and Developers Association of Canada conducted a national campaign designed to inform provincial and federal MPs of the dangerous situation into which Cana…

Week’s Price (US) Change Gold* $389.85 — $11.90 Silver* $4.69 — $0.14 Platinum* $444.00 — $7.85 Nickel** $4.34 — $0.52 Lead** $0.34 — $0.02 Copper- $1.28 + $0.01 Zinc– $0.61 — $0.04 Courtesy of…

In a week when Murray Pezim and Ned Goodman were promising either to quit or distance themselves from the mining scene, share prices continued to take a hammering. Rio Algom and Galactic Resources wer…

A small drilling program totalling 2,500 ft. in six holes is under way at the Summit Lake property, owned by Royal Scot Resources. Located north of Stewart, B.C., Summit Lake is a former producer whic…

Keld’or Resources Inc. (KED: VSE) has changed its name to Consolidated Keld’or Resources Inc. (CKD:VSE) on a 1-new-for-3-old- share basis. Transfer agent is Montreal Trust.

Canadian-United Minerals, Inc. (CUN:VSE) has changed its name to Mansfield Minerals Inc. (MDR:VSE) on a 1-new-for-5-old- share basis. One third of the company’s interest in its Come Mountain property …

The department of geology at the University of Toronto is hosting its 1990-91 department seminars from September to March. Among the speakers are Jim Franklin of the Geological Survey of Canada, Verno…

Teeshin Resources (VSE) is seeking a partner to help fund its Dome Mountain through to production in return for an interest in the gold project. The company said discussions with one party fell throug…

George Scott, Robert Barbero and Chet Idziszek appointed directors succeeding Arthur Clemiss and Leonard Clemiss who resigned.

The Garrison gold project will enter into production within the next month following Deak Resources’ (TSE) purchase of an 87.5% interest in the 106-claim property near Kirkland Lake, Ont. Deak, which …