Giant charged in mine fatality
Gold producer Giant Yellowknife Mines (TSE) and one of its supervisors have been charged under the Occupational Health and Safety Act in connection with an April 6, 1989, cave-in that killed a Timmins…
News
IOCC GOLD OPTIONS (March 12, 1990)
Options Open Series Volume Last Interest May 400 C 31 818.50 1,247 May 410 C 30 113.00 1,112 May 420 C 510 7.50 2,372 May 440 C 220 3.00 1,612 May 450 C 284 2.00 1,013 Aug. 440 C 281 8.50 1,168 Aug. 4…
Golden Star offering delayed as Placer drills Guyana zone
Golden Star Resources has decided to wait until partner Placer Dome (TSE) has finalized plans for development of the Omai gold project in Guyana before going ahead with a previously announced public o…
Editorial Small consolation
It may be of small consolation, but the mineral exploration industry is not alone in its suffering as a result of Finance Minister Michael Wilson’s recent budget. Junior mining companies may suffer th…
Editorial OMA draws a crown
The Ontario Mining Association’s 71st annual dinner recently offered the province’s legislators a chance to show its support for the industry, and the MPPs didn’t let the opportunity slip away. Althou…
Letters to the Editor Prospectors need more assay coupons
I am writing this letter primarily on behalf of independent prospectors who find it difficult to assess properly their discoveries with the limited assistance from Ontario’s Ministry of Mines in the f…
Noranda hits on Teddy Bear bear
The Lightning gold zone in Harker and Holloway twps., 40 miles east of Matheson Ont., has yielded more good assays in six of 11 deep holes completed recently by partners Noranda (TSE), Freewest Resour…
Five luminaries garner PDAC awards
Jim Gill and Howard Stockford are among the mining executives whose accomplishments are being recognized this year at the Prospectors and Developers Association’s annual convention in Toronto this wee…
Land use, environment among PDAC issues
Delegates at this year’s Prospectors and Developers Association of Canada Convention will be reminded of some of the new realities that confront the mining industry when they gather at Toronto’s Royal…
Princeton backs out of graphite
By mutual agreement, Princeton Mining (TSE) and Societe D’Exploration Mazarin (ME) have ended negotiations toward an agreement that would have seen Princeton acquire a 50% interest in the Lac Knife gr…
Yukon mining industry looks to increased activity
Cautious optimism about an upturn in mineral exploration this year after the 1989 slowdown might best describe the feelings of the Yukon mining industry. Mine industry representatives predict between …
Interest payments hit Cameco profits
Interest payments on longterm debt resulted in a $33-million drop in earnings reported by uranium producer Cameco in Saskatoon, Sask. The company said its 1989 earnings declined to $23.5 million from …