Golden Shield shuts Kerr mine (July 10, 1989)
The Kerr mine in Virginiatown, Ont., has been closed and the owner, Golden Shield Resources (TSE), has filed for bankruptcy. The company, which purchased the Kerr Addison mine in 1987 for $38 million,…
News
Editorial A new mine can mean big changes
From the financial centres of the country it’s easy to see the mining industry as little more than a stock market play. From the hinterland comes news of drill results and that news is all that matter…
Goldfields, Hanson merger may spark battle for Newmont
Consolidated Goldfields PLC has agreed to a merger with Hanson PLC, both British companies, in a $5.5-billion deal that might ignite a round of bidding for Newmont Mining (NYSE) and its Carlin Trend g…
Nevada Goldfields program yields impressive results
Some encouraging exploration results have been reported from Nevada Goldfields’ (TSE) Aurora mine property in Western Nevada. Additional open pit reserves, some of relatively high grade, have been del…
Book review Mineralization and Shear Zones
Mineralization and Shear Zones edited by J. T. Bursnall and published by the Geological Association of Canada. 300 pages, ISBN 0-919216-0. Order from GAC Publications, Department of Earth Sciences, Me…
Montreal Exchange Interest remains high
Trading activity was busy again this week in companies with interests in properties in the Val d’Or, Que., area near the recent Louvicourt Twp. copper-zinc discovery. The find by Aur Resources and Soc…
Bigger is better, says TVX Chairman
With the world gold mining scene increasingly dominated by “super producers,” able to churn out more than a million oz of the yellow metal per year, Consolidated TVX Mining (TSE) Chairman Eike Batista…
Westmin shareholders approve sale of petroleum division
Shareholders of Westmin Resources (TSE) voted overwhelmingly in favor of a reorganization that will see the company’s oil and gas assets sold to Norcen Energy Resources, an affiliated Calgary-based oi…
SHOTCRETING REBOUNDS
Shotcrete is making a comeback in Canada. After it was introduced into the Craigmont mine in British Columbia in 1966, it gained the notorious reputation of being the lowest-paying job in a mine. But …
Placer completes Paymaster purchase
Placer Dome (TSE) has completed the purchase of a 60% interest in the Paymaster gold project at Timmins, Ont. American Reserve Mining (VSE) has received $18.2 million in cash for the sale of both the …
50 Years Ago U.S. COPPER SALES LARGEST IN 3 YEARS
Domestic sales of copper have been the highest in three years. At the end of last week, sales were 152,000 tons for the month to date — the highest since April, 1936. The domestic copper price advanc…
Noranda in place to take control of Aur discovery
Toronto-based Noranda Inc. (TSE) is quietly positioning itself to take advantage of a massive sulphide discovery reported recently by Aur Resources (TSE) and Societe Miniere Louvem (TSE) at the Louvic…