Placer Dome helping to fund VSM plans
A $3-million share purchase agreement with VSM Exploration involving six million flow-through shares will give Placer Dome (TSE) controlling interest in the exploration company. Placer has agreed to p…
News
Mill City targets Tyranite after share consolidation
The shares of Mill City Gold Mining Corp. (ASE) began trading on the Alberta Stock Exchange recently after the company gained shareholder and regulatory approval for a stock consolidation. The company…
Drilling resumes on Golden Heart deposit
Diamond drilling by partners Tyler Resources (TSE), Golden Rule Resources (TSE) and Cameco — A Canadian Mining and Energy Corp. has resumed on the newly discovered Golden Heart deposit located at Wee…
Metal Prices PRODUCER PRICES (January 16, 1989)
ALUMINUM: MW U.S. Market $1.12-$1.13 per lb. (Dec 29, 1988). ANTIMONY: New York dealer 96 -$1.01 per lb. (Dec 22, 1988). BISMUTH: New York dealer $6.55-$6.75 per lb. (Dec 22, 1988). CADMIUM: New York …
Shareholders launch proceedings against Quartz Mountain
Several individual shareholders of Quartz Mountain Gold Corp. (TSE) have initiated court proceedings against the company by filing a petition in the British Columbia Supreme Court, with a second group…
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…
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…