Net earnings in 1987 for Dickenson Mines, which operates the Arthur W. White gold mine in northwestern Ontario, were $6.4 million (44 cents per share), compared with $4.59 million (39 cents per shar…
The old Mt. Nansen gold mine near Carmacks, Y.T., could resume production later this year on an open pit basis now that majority ownership is being acquired by BYG Resources. A wholly-owned subsidiary…
Assuming the current high rates of growth in this country continue, the federal government will be “within shooting distance” of a balanced budget by the mid-1990s, Finance Minister Michael Wilson tol…
Encouraging assays are reported from the first hole of a 10-hole program on Radcliffe Resources’ North Lake prospect in the La Ronge district of Saskatchewan. The hole had four 6-ft intersections grad…
A gold loan of one million ounces, worth about $448 million(US), has been arranged by Newmont Mining of New York, the proceeds to be applied against the company’s $1.6-billion debt load. The loan, arr…
With one new mine in production and four more in the pipeline, Canamax Resources of Toronto is entering its second year as a fully- fledged gold producer. For the year ended Dec 31, the company report…
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Feb. 16 Feb. 15 Feb. 12 Feb. 11 Feb. 10 Copper 1440-1443 1429-1432 1390-1395 1384-1385 1350-1355 Lea…
After protracted negotiations, Multinational Resources has concluded an agreement to purchase Du Pont Canada’s Baker mill in the Toodoggone area of British Columbia. For a consideration of $50,000, Mu…
Joint venture partners Jerome Gold Mines and Muscocho Explorations are making a big push this year to find out if the old Jerome gold mine in northeastern Ontario’s Swayze area can be revived. The for…
Volumes were lacklustre on coats this week, as most issues traded less than 25,000 shares. Black Cliff Mines was firm at 65 cents . The company and partner Essor Ex ploration have completed surface fa…
McGill University’s department of mining and metallurgical engineering will run three professional development seminars in April and May this year, the first of which will be held April 18-29, and wil…
An option has been acquired by Beauchamps Exploration from Falconbridge Ltd. on a property located in Bourlamaque Twp. near Val d’Or, Que. Known as the Callahan property, the claims cover an 800-ft-wi…
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