Panel mine wins McCrea trophy
Rio Algom’s Panel Mine defeated 19 teams to win this year’s McCrea first aid competition, organized by the Mines Accident Prevention Association of Ontario (MAPAO). Trailing behind was the Stanleigh m…
News
Zahavy caps shaft
A mine site reclamation program is under way on Zahavy Mines’ (ASE) Favourable Lake property, 110 miles north of Red Lake in northwestern Ontario. The 6,000-acre property hosts a past-producing gold-s…
Vancouver conference focuses on the environment
Environmental issues relevant to the mining industry were discussed here by 24 speakers in a special session on metals and minerals at Globe ’90, a conference aimed at promoting the implementation of …
Royal Oak officials angry as MacLellan offer spurned
An attempt by Vancouver-based Royal Oak Resources (TSE) to buy up the assets of bankrupt LynnGold Resources (TSE) was rejected recently by LynnGold’s trustee. Thinking that it could turn LynnGold’s Ma…
Placer budgets for Dream
Exploration of the Dream property owned by International Curator Resources (VSE) will continue this summer with Placer U.S., a unit of Placer Dome (TSE), planning a $500,000 program. Placer is earning…
Flow-through shares should be treated like other capital
If you attended the Prospectors and Developers Association of Canada’s annual convention in Toronto recently, no doubt you will have noticed that many of the 3,000 or so delegates were wearing a badge…
FALCO’s MYSTERY MINE
Falconbridge is building a mine in Sudbury, but not much is known about it. And those who do know the details aren’t talking. Although Falconbridge has made some major decisions with regard to the min…
Atlanta plans to issue shares to replenish working capital
Subject to regulatory approval, Atlanta Gold (TSE) will complete a private placement of 1.25 million shares at $1 per share to two European investors. The placement also includes 1.25 million non-tran…
Accident rates down in Ontario mining
Ontario’s mining industry in 1989 had the lowest injury rate ever recorded in its history, reports the Mines Accident Prevention Association Ontario (MAPAO). Injuries requiring medical attention fell …
Kennecott plans to earn into four High Frontier properties
A letter of intent has been signed which, if carried to a final agreement, would allow Kennecott to earn a 40% interest in four properties owned by High Frontier Resources (VSE). Kennecott, a wholly o…
Toronto Stock Exchange Indices (April 02, 1990)
Mar. 27 Mar. 26 Mar. 23 Mar. 22 Mar. 21 HIGH LOW Composite “300” 3678.46 3667.46 3701.40 3704.91 3735.84 4009.47 3649.49 Metals & Minerals 3170.65 3156.16 3178.21 3176.74 3226.84 3453.05 2921.03 Integ…
RETOOLING MOTHER INCO; INCO employs far fewer Sudburians than a
Inco is taking an innovative approach to contracting work on a $500-million mill rationalization and flash smelting construction project approved by the company in 1988. By putting small contracts out…