Newmont suffers heavy fire damage
A fire at Newmont Gold Company’s Mill No 2 primary crusher on Dec 27 caused heavy damage to the structure. The exact cause of the blaze has not been determined but it appears to involve efforts to pre…
News
Stephen B. Roman, 1921-1988
A Slovakian immigrant who began his working life in Canada as a tomato picker, Stephen B. Roman built one of the country’s largest mining and resource empires. That globe-spanning empire now includes,…
Full Feasibility Study Under Way for Sulphurets Project
It’s taken a little longer than expected, but Newhawk Gold Mines Ltd. (TSE) has awarded a contract to Cominco Engineering Services to conduct a full feasibility study for the Sulphurets gold-silver pr…
MNDM reorganizes
The Mineral Development and Lands Branch of the Ministry of Northern Development and Mines has been reorganized. “The new structure will help the branch to fulfil its mandate and enhance service to th…
Newmont plans more drilling at Ithingo
Newmont Mines, a wholly- owned subsidiary of Newmont Mining, will begin an 8,000-ft drill program next month on the Ithingo Lake gold property in northern Saskatchewan. Mobilization will begin this mo…
Dumagami considers doubling mine rate
Management of Dumagami Mines (TSE) is studying the possibility of doubling the production capacity of the Donald La Ronde gold mine at Cadillac in northwestern Quebec, says minority shareholder Invesf…
Barrick unveils $365-million Nevada mine plan
Toronto-based American Barrick Resources (TSE) is about to embark on one of the most ambitious mine development programs ever undertaken by any Canadian gold producer. Over the next four years the com…
Murray E. Watts, 1909-1982
Murray Edmund Watts is credited with the discovery of the huge Raglan nickel deposits on the Cape Smith belt in the northern Ungava region of Quebec; with the location of the Asbestos Hill asbestos de…
X-Cal to drill Snowbird gold bet
A winter drill program is scheduled to begin this month on X-Cal Resources’ (TSE) Snowbird gold property in central British Columbia. The first phase of the program will test the “North zone,” where 1…
High grade keeps Campbell at the head of the class
As one of the world’s highest-grade Agold mines, the Campbell Red Lake Ahas long remained splendidly isolated from the crucial barometers that affect other gold producers. So rich is the gold minerali…
New BIG mine opens
Recently starting up operations at its wholly-owned Richmond Hill gold mine in South Dakota was BIG, or Bond International Gold (TSE). The mine, located near the town of Lead, is an open pit, heap lea…
INSIDER TRADES (January 16, 1989)
Agassiz — P. Bannerman bought 33,000 (Oct) @ $3.30-40 to hold 334,050. Burgess Point — Perton Dev bought 31,000 (Nov, private) @ 10 to hold 583,313. Campbell Res — R. Lister bought 25,100 (Oct, No…