Goldcorp strike talks break off

Article Abstract:

Toronto, Ont.-based Goldcorp Inc. and striking workers have broken off contract negotiations. Goldcorp, which is led by chairman, president and chief executive officer Robert McEwan, has been stuck for three and a half years by the workers.

Labor force information, Gold and Silver Ores, Mining industry, Labor relations, Precious metals industry, GG

Goldcorp strikers fear Red Lake mine may not operate until 2000

Article Abstract:

Goldcorp Inc. of Toronto, Canada, may not resume operations at its Red Lake gold mine in northwestern Ontario for another year-and-a-half. About the time 187 Red Lake miners went on strike in June 1996, an extensive underground exploration program was launched that led to the discovery of rich zones roughly 1.6 kilometers deep. Goldcorp chairman and CEO Robert McEwen said they are planning a $50 million development program that would allow the new ore to be mined and lead to an annual production of 200,000 ounces of gold. Construction, which is planned to begin in 1999, is going to last a year.

Comment:

May not resume operations at its Red Lake gold mine in northwestern Ontario for another year-and-a-half

Production management, Gold Mines, Gold Ore Mining, Gold mining, Article

Royal Oak board quits, firm in receivership

Article Abstract:

Chairwoman Margaret Witte and the board of directors of Royal Oak Mines Inc have resigned as the gold and copper mine operator fell into receivership. The company has been burdened with a $600 million debt load and limited financial options as it failed to establish a rescue plan. PricewaterhouseCoopers Inc has been appointed by the Ontario Court General Division as interim receiver for the company.

Organizational history, Royal Oak Mines Inc.