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…
News
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…
Private company pland `89 start for rich Timmins nickel deposit
Malcolm Slack and his crew have entered the nickel business. The well-known Canadian mining man and his team expect to have the high grade Redstone nickel deposit near Timmins, Ont., in production by …
European producer price for zinc disappears
A decision by custom smelters in Europe to discontinue publishing a European producer price for zinc or zinc concentrate sales has affected the way Canadian producers report their prices. Falconbridge…
Karl Springer, 1899-
Karl Springer’s name is closely associated with such notable Canadian mining ventures as Mattagami Lake Mines, Granduc Mines, Barymin Limited, Canada Tungsten Mining Corp., and Newfoundland Zinc. He…
Grade, tonnage up at David Bell mine
Increased ore reserves at higher grades have been announced for the David Bell gold mine at Hemlo in northern Ontario. Additional tonnage at lower levels, an increase in the average width of mineable …
PEOPLE (January 16, 1989)
PEGASUS GOLD INC. — John M. Willson appointed president and chief executive officer succeeding James H. Foreman who at the same time was elected chairman of the board.