Ending a successful mining operation on a high note, Pine Point Mines reported net profits for 1987 of $28.3 million, or $6.11 per share. This compares with 1986 earnings of $2 million or 45 cents per…
The aftermath of the ongoing court battle by Lac Minerals and International Corona Resources over the Williams mine at Hemlo will be the subject of a meeting Feb 10 of the natural resources and energy…
After one of the worst years for mining fatalities in recent memory, a committee of mining, government and union representatives is looking at ways to make the industry more safety conscious. The Cana…
Call it luck, good timing or good management — all three helped Cominco enjoy a very successful first year under Teck control. The luck Teck seems blessed with, good management it is renowned for, an…
Breakwater Resources has completed the private placement of 276,000 flow-through shares at $6.325 per share for total proceeds of $1,745,700. The money will be used to fund exploration work on mineral…
The strong desire of metal consumers for price stability in the markets has had its effect on forecasts, public opinion and politics in the Western world since 1950. At that time, the U.S. Paley Commi…
Assay results from a 44-hole program completed last November on the former-producing Dufferin gold mine property near Port Dufferin, N.S., have been received by 50-50 joint venture partners Novamin In…
A 1,040-ft drill intersection from Newmont Gold’s Post deposit near Elko, Nev., may be a candidate for the Guinness Book of World Records. Weighing in at 0.495 oz per ton, including 470 ft at 0.93 oz …
Many see mining as part of Canada’s past, an anachronism that has no place among the high-tech and service industries of Canada in the twentieth century. The truth is, however, that mining is a lead…
The final equipment from the shutdown Thierry copper mine near Pickle Lake, Ont., is being sold by owner Umex Inc. Since shutting down in 1982 as a result of weak copper prices, the Thierry mine was k…
After filing a private placement to fund exploration on one of its British Columbia gold properties, Alberta-listed Goldcap Inc. is attempting to attract a financier for work on another. In a bid to r…
Several drill targets have been outlined and a $120,000 program is planned on Odessa Explorations’ Warsaw Canyon heap leach prospect in Santa Cruz Cty., Ariz. Six anomalous zones have been discovered …
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