1988

Investment and restructuring pay off for Indonesian nickel mine Soroako, Sulawesi — home to P.T. International Nickel Indonesia (In co), the largest foreign mining investment in Indonesia — is fi…

Echo Bay Mines (TSE) has agreed to sell its controlling 53.8% interest in Nuinsco Resources (TSE) for $6.7 million or 87 per share. The sale to Deak International Resources follows the completion of …

Anticipating sales of 305,000 oz in 1988, Battle Mountain Gold (TSE) is proving to be one of the more profitable gold producers in North America. Third quarter net income jumped 26% to $15.3 million a…

When a senior takes an interest in a junior, watch out] Toronto-based Corona Corp. has announced it has reached an option agreement with Messeguay Mines whereby it may earn up to a 70% interest in a p…

A 3,000-m diamond drilling is under way at the Melrose Resources (VSE), Placer Dome Inc. (TSE) joint venture project at Blackstock Twp., 30 miles southeast of Timmins, Ont. Melrose President Peter Hun…

The Vancouver brokerage community has given a new name to War Eagle Mining which fell out of orbit last week and almost burned up on re-entry. People are now calling it “War Budgie,”a sparrow-sized bi…

I was somewhat puzzled by statements made in your article “Calpine cuts 96 ft of 0.7 oz gold” (N.M., Nov 7/88). No doubt the folks at Calpine Resources were very gratified to see their average grades …

The turnaround of the MacLellan gold mine appears to have been successfully completed, mine owner and operator LynnGold Resources (TSE) says. Results from the third quarter show the mine producing 14,…

With the sun retreating from sight almost completely and temperatures plunging to as low as minus 50 C, it’s difficult to imagine a harsher winter setting. But here on the rocky north shore of Baffin …

The decision by Newmont Mining Corp. (NYSE) to move its head office from New York to Denver in 1989 generated an $8.8 million loss for the third quarter, compared to a $21.4 million profit a year earl…

Mining of ore from the newly stripped Ready Bullion shear structures is under way at its wholly- owned Grant gold project in Alaska, Silverado Mines (VSE) reports. The project is located on Ester Dome…

Edmonton-based Gamsan Resources (ASE) has raised $317,000 for drilling on its Brabant Lake polymetallic property in Saskatchewan. Gamsan says an initial 1,000-m drill program will be under way soon on…