Placer Dome to develop Granny Smith
A decision has been made by Placer Dome (TSE) to develop its Granny Smith project near Laverton, Western Australia. Placer Pacific, its 75.8%- owned Australian subsidiary, holds a 60% interest and wil…
News
Return on assets ensures profitable year for Metal
The broad portfolio of resource assets held by Toronto-based Metall Mining (TSE) provided a healthy return during the company’s first full year of operations. The 62%-owned subsidiary of German metals…
Canamax bids for 100% of Ketza
Toronto-based Canamax Resources (TSE) has eliminated some of the uncertainty surrounding the Ketza River gold mine by agreeing to acquire partner Pacific Trans- Ocean Resources’ (TSE) 50% stake in the…
Restigouche may be next base metal mine in N.B.
New Brunswick’s fourth base metal producer could go into production this fall if negotiations involving Marshall Minerals (ASE) and East West Caribou Mining are successful. Toronto-based Marshall has …
FINANCING (May 01, 1989)
ONTARIO Chieftain Int’l — final rec iss offer 8,250,000 @ $13.50(US) to net $107,476,875(US). VANCOUVER Bunker Hill Mng — opt exerc on 700,000 @ $3 per sh. Jacqueline Gold Corp — opt exerc on 100,0…
DETOUR LAKE
When we last visited the Detour Lake operation, 209 km northeast of Timmins, Ont., miners were just beginning to pull up gold from underground following a brief but troubled open-pit phase. Today, one…
Metal Prices FUTURES PRICES (May 01, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May138.55 136.00 138.30 — 2.60 Jul135.50 132.60 135.40 + 2.20 Sep130.00 127.70 …
Mill start up at Highland Valley
In a move to expand production and increase operating efficiency, Highland Valley Copper relocated two previously shut-down mills to a site adjacent to the former Lornex milling complex at its huge co…
Grant to help Indians in deal with Bond Gold
The Windigo tribal council will receive a $46,000 provincial grant to fund the implementation of an agreement with Bond Gold Canada (TSE). The band will get social and economic benefits from Bond’s Go…
What’s New Portable Filter
A portable pressure filter, suitable for doing tests to determine the filtration and washing properties of slurries either in the lab or in the field, is available from Outokumpu Equipment Canada of M…
Australia’s Gwalia opens U.S. office
Another Australian mining company has opened an office in the United States. Gwalia (USA) Ltd., the North American affiliate of the Gwalia Group, has established an office in Denver, Colo. The company…
Eastmaque to expand production at Cargo Muchacho
By September of this year, Eastmaque Gold Mines (TSE) is expecting to pour the first gold from its new American Girl Canyon open pit mine in California. The heap leach operation is part of the company…