A deep-drilling program involving two surface rigs is under way at the Paymaster gold project in Timmins, Ont., where partners Associated Porcupine Mines (TSE) and American Reserve Mining (VSE) are ho…
A professional development seminar on rock mass failures in hard rock mining will be held June 1-3 at Laurentian University, Sudbury, Ont. The seminar will run in conjunction with a Canadian mining an…
No new details on the proposed almalgamation of Dickenson Mines (TSE) and Wharf Resources (TSE) were revealed at the latter’s annual meeting in Toronto other than that an independent committee will in…
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 103.60 101.70 103.00 + 1.10 Jul 97.20 95.40 95…
ONTARIO Grand Empire — final rec iss offer 1,200,000 @ $1.20 per sh. Harrington Sound — final rec iss offer 700,000 @ $1.60 per sh to net $560,000. Released from Escrow Ateba — 100,000 shs released…
The 3rd Canadian Symposium on Mining Automation is scheduled for Sept 14-16 at Hotel Holiday Inn in downtown Montreal. The meeting is being organized by the Canadian Advisory Committee on Mining Autom…
With an $8.4-million exploration- development program budgeted for 1988, Goldpost Resources Inc. (TSE) expects to have sufficient data by the end of October for a feasibility study leading to a produc…
Net earnings of $10.9 million(US), or 11 cents per share, were reported by Echo Bay Mines (TSE) for the first quarter of 1988, compared with $8.1 million, or 9 cents per share, for the same period la…
The company is set to move into the ranks of significant gold and silver producers, President Peter McAleer told shareholders at the annual meeting of Westfield Minerals (TSE). Helping to launch it on…
Placer Dome, now in the major ranks of Canadian mining companies, the other day pledged to give $500,000 toward a $34- million campaign fund for a major hospital in Toronto, the funds to be used for t…
Encouraging news from northern Quebec has partners Placer Dome and MSV Resources about to undertake a final feasibility study on the Eastmain gold project, which could be put into production by late 1…
The short-term outlook for steel appears favorable. The International Iron and Steel Institute forecasts demand for crude steel in 1988 will reach 764 million tonnes, 10 million tonnes above last year…
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