Echo Bay Mines pays dividend
Echo Bay Mines has declared an increased semi-annual dividend of 35 cents (US) per common share, payable on Dec 31 to shareholders of record on Dec 15. According to Echo Bay, the previous semi-annual …
News
Pickle-Opapimiskan a big producer by 1990s
By the early 1990s, the Pickle- Opapimiskan Lakes area in northwestern Ontario could have four gold mines in operation producing more than 200,000 oz of gold. Such a production forecast, combined with…
Bachelor Lake resumes production
In the absence of revenue from its Desmaraisville, Que., mine during the first nine months of 1987, Bachelor Lake Gold Mines didn’t expect its recently released interim report to be an earth-shatterin…
Toronto Stock Exchange Market plays ‘crack the whip’ with investors
Remember that childhood game called crack the whip? That’s exactly what the market is doing to those interpid investors bold enough to go for the ride. Since Black Monday last Oct 19, volatile swings…
Noramco/Emerald merge with Crow
Shareholders approved the amalgamation of Noramco Mining, Emerald Lake Resources and Highland Crow Resources at a meeting held in Vancouver recently. The purpose of the merger was to combine the explo…
Silverado to produce
Silverado Mines plans to start a small gold mining operation this month at its Grant property, near Fairbanks, Alaska. A 300-ton-per- day mill is on site which will process material from three zones a…
Ateba flush with Pan-Empire success makes new gold finds
With the Pan-Empire mill in Beardmore, Ont., operating up to snuff at rates of 200 tons per day, tse-listed Ateba Mines Inc. has taken a giant step in finding more ore to feed that mill. Company geolo…
Placer Dome to operate Australian gold mine
Placer Dome Inc. has committed itself to bringing another gold mine into production, the company said recently. The Big Bell gold property in Western Australia will be developed by Placer Pacific Ltd….
Japanese play hardball in Quintette coal row
While Quintette Coal has accused them of attempting to squirm out of long term contracts, a major Japanese steel manufacturer says it has no alternative but to take a pricing dispute involving Quintet…
St. Genevieve funding (December 07, 1987)
St. Genevieve Resources and Societe en Commandite Sofimines 1987 have entered into an agreement whereby Sofimines will contribute $326,400 towards the former’s exploration programs in exchange for 65,…
Lockwood, Seadrift deal
An interest held by Lockwood Petroleum in the Cameron Lake mine project shared by Echo Bay Mines and Nuinsco Resources, has been sold. Lockwood, which held 17.3%, has sold its stake to Seadrift Intern…
WHAT’S NEW Manoeuvrable Scoop
The world’s smallest 4-wheel drive diesel-powered scoop has been developed by John Clark Inc. of Denver, Colo. Called the jci 50m, it has a 1/2-cu- yd bucket and weighs 6,000 lb. It was designed to b…