Reserve estimate due soon on Glimmer bet
Glimmer Resources (VSE) says it should soon have a preliminary estimate for the overall tonnage and grade of a gold zone on its property held jointly with Noranda (TSE) in Beatty and Hislop twps., Ont…
News
Letters to the Editor Director defends Latin American session
As a director of the Prospectors and Developers Association of Canada and a member of its convention committee, I must challenge your recent editorial “Focus on Canada’s potential” (T.N.M., March 19/9…
COATS (over-the-counter) Thunderhead return
Thunderhead Gold Mines, a company that ceased trading in 1983, has since been revived and is actively trading again for the week ended March 20. Thunderhead shares jumped 10 cents to close at $1.15 on…
Hemlo, Crude test milling samples from Eagle River
Test milling results are expected by next month for two bulk samples extracted from underground test stopes at the Eagle River joint venture of 60/40 partners Hemlo Gold (TSE) and Central Crude (TSE)….
Recorders brace for action when Ontario lifts caution
Ontario’s mining recorders’ offices in Sudbury and Larder Lake have been swamped with calls from individual prospectors since the province announced that part of a Cobalt-area land caution will be lif…
Teeshin seeking $15 million to build gold mine
Teeshin Resources (VSE) says it needs at least $15 million to build a 350-ton-per-day gold mining and milling operation at the Dome Mountain project, 23 miles southeast of Smithers, B.C. The company r…
LAC to focus exploration on Stewart area
A high priority is being placed on exploration this year by LAC Minerals (TSE) as the company gears up to focus on several high priority gold projects including the Red Mountain discovery near Stewart…
Lower gold, silver prices hurt FMC Gold’s revenue, earnings
A drop in gold and silver prices as well as increased production costs hurt year-end earnings for FMC Gold (NYSE). The company reported earnings for the year ended Dec. 31 of US$48.9 million on revenu…
WAMIC fashion show a big success
The first fashion show ever held at Toronto’s Skydome took place at Windows restaurant recently. This show was part of the Women’s program of the Prospectors and Developers Association of Canada’s ann…
Letters to the Editor Miner ignores changing times
I am amazed by your editorial “Focus on Canada’s potential” (T.N.M., March 19/90). Your criticism of the Prospectors and Developers Association of Canada is uncalled for. First, you ignore what is obv…
Shutting down silver operations contributes to Agnico’s ’89 loss
Toronto-based Agnico-Eagle Mines (TSE) was forced last year to count the cost of shutting down its silver mining operations in Cobalt, Ont. After swallowing a fourth-quarter writedown of $17.7 million…
Reserves, grade up at Windy Craggy
Because of a boost in both the quantity and quality of reserves at the huge Windy Craggy massive sulphide deposit, owner Geddes Resources (TSE) is more confident than ever of a long life for its propo…