News

Although the company hasn’t abandoned its policy of developing new mines, Pegasus Gold (TSE) appears to have switched strategy, at least temporarily, to increase its gold output. Pegasus has entered i…

Because of the federal government’s new policy on flow- through shares, NIM Management will be filing a preliminary prospectus for two million limited partnership units ($200 million) of NIM Resource …

Test milling is expected to begin at Skyline Explorations’ (VSE) Johnny Mountain gold property by month-end and full production by mid-June, the company claims. The lower level adit now extends for ab…

The Nugget mine near Salmo, B.C., which boasts an impressive record of no accidents and no time lost, was awarded the 1987 Safety Award by the West Kootenay Mine and Industrial Association. Ralph McGi…

High metal prices and increased production contributed to a profitable first quarter for Brunswick Mining and Smelting Corp (TSE). Net earnings for the quarter were $3.9 million or 11 cents per share …

When Canamax Resources (TSE) decided to build a brand new 500- ton-per-day mill to process ore from the soon-to-be-producing Kremzar property near Wawa, Ont., the facility was designed to handle an ad…

Falconbridge Ltd. (TSE) plans to resume drilling this month on the Lac Rouleau, Que., gold project held with partner Beaufield Resources (TSE). The program will focus on the 18 zone which has been tes…

Vanvouver stock promoter Murray Pezim is spending $2.5 million to earn a slice of one of the most promising exploration properties in the Pickle Lake area of northwestern Ontario. Through Prime Capita…

The reason Opawica Explorations (TSE) has yet to receive a royalty payment from the producing Lac Shortt gold mine in northwestern Quebec is because there has been no royalty payable, Minnova Inc. (TS…

Quieter times seem to have settled into the various stock markets and the Montreal Exchange is no exception. Trading continues mixed. During the past week, both the market portfolio and mining and min…

Rio Algom’s Panel mine at Elliot Lake, Ont., has become the only North American mine in the world to hold a 5-star rating in the International Safety Rating System. The 5-star standing, announced by t…

The East Anglia Kemptville, N.S., tin mine is back on track, with improved recoveries and a daily milling capacity greater than originally planned, according to manager Ken W. Collison of the Rio Kemp…