The diamond drillers’ job is seen as a high risk occupation and unless the industry does something to improve that image, government may step in with increased regulation to reduce the rate of lost-ti…
The production performance of the Jolu mine in Saskatchewan’s La Ronge district has progressed from impressive in March to spectacular in April. The 400-ton-per-day gold mine is operated by 30%-owner,…
A definitive agreement has been signed between Canamax Resources (TSE), Pacific Trans-Ocean Resources (TSE), Lloyds Bank and Central Capital Corp. regarding the sale of the Ketza River gold mine to Ca…
Low gold prices and a lower grade of ore at the Dumont mine near Val d’Or, Que., were part of the reason Belmoral Mines (TSE) recorded a $4 million net loss for the first quarter of this year, the com…
From a report by Max Matte, secretary-manager of the Canadian Diamond Drillers Assocation (CDDA), to the association’s annual general meeting in Quebec City recently. The year 1988 does not have what …
Toronto-based investment firm Oxford Acquisitions Inc. recently launched a $100-million law suit against Granges Exploration (TSE) and Outokumpu over a recent deal involving the Trout Lake mine in Man…
Placer Dome has obtained approval from the government of Papua New Guinea to begin construction at its Porgera gold project, a $900-million investment. Placer Dome is operator holding a 30% interest w…
For the first quarter ended March 31, Malartic Hygrade Gold Mines (VSE) earned $211,353 or 6 cents per share. This compares with earnings of 4 cents per share during the same period last year. Malart…
The production performance of the Jolu mine in Saskatchewan was impressive in March. In April it was spectacular. Jolu turned out 7,466 oz of gold in April, a 29% increase from the 5,775 oz produced i…
The reactivation of the Bunker Hill mine has breathed new life into this depressed community which went into a tailspin after the mine shut down in 1981. Even so, the fragile nature of the area’s econ…
There’s good news and bad news as Canada’s diamond drillers face the 1990s. The good news is that there’s a level of prosperity in the industry that hasn’t been enjoyed for at least a decade, the res…
A preliminary short form prospect with respect to the offering of seven million units (shares and warrants) will be filed with the Ontario Securities Commission by LAC Minerals (TSE). Each unit will c…
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