DRILLING: THE NEXT DECADE
Looking ahead to the 1990s, some Canadian mines may very well be driving drifts, crosscuts and raises with a technology completely different from anything in use today. While drilling and blasting hav…
News
Equity Silver turns profit
It’s been a long difficult struggle for Equity Silver Mines (TSE) since production began over six years ago and things probably aren’t going to change. But the company is finally earning money ($3.6 m…
Equity planning Yukon exploration
Moving aggressively to increase its exploration exposure away from its mining operation at Houston, B.C., Equity Silver Mines (tse) has approved a budget of $725,000 for its Ram precious metals proper…
Kidd Creek fined for environment law violations
Kidd Creek Mines has been fined a total of $40,000 on 10 counts of violating the Environmental Protection Act. The fines were levied in Timmins Provincial Court on Monday, April 25. Provincial Court J…
Metal Snips (May 02, 1988)
The Canadian Maple Leaf gold coin outsold the American Eagle gold coin in 1987 and could do the same again in 1988. Sales of the Maple Leaf coin topped 1.4 million oz gold in 1987 to the Eagle’s 1.2 m…
Battle Mountain pays $40m in purchase from Noramco
U.S. gold miner Battle Mountain Gold Co. (TSE), has expanded into Canada with a $40-million investment in a portfolio of properties controlled by Noramco Mining Corp. (TSE). Battle Mountain’s invest…
Four listed on ME
Four junior-mining companies recently incorporated — Augyva Mining Resources, Aurochs Mining Exploration, Deux-Montagnes Exploration and Louphior Exploration — have been listed for trading (symbols,…
50 years ago MAY, 1938 WAITE AMULET GETS GOLD AND HIGH- GRADE
Important gold values accompany the high-grade copper in Waite Amulet’s new drill-indicated orebody, The Northern Miner can announce. In vertical hole No. 3, the 165-ft section ran 0.07 oz gold, or $2…
Westmin to expand petroleum sector
In terms of capital expenditures, the petroleum division of Westmin Resources (tse)has generally been its largest spender. Not that this should come as any surprise because the division has also tende…
Cassiar reaches turning point in ’87 operations
Last year marked a turning point for Cassiar Mining (TSE) which reported net earnings of $3.7 million and announced plans to develop the McDame asbestos deposit near its existing open pit mining opera…
INSIDER TRADES (May 02, 1988)
Barron Hunter Hargrave — J. Hargrave sold 35,000 to hold 4,777,200. Black Hawk — S. Dattels sold 725,000 to hold nil. Canacord — L. McCarthy sold 40,500 to hold 171,200. Canamax — Amax Gold (Can) …
Editor’s Note HALF TRUTHS
I don’t know how often I’ve heard this, but it’s certainly been often enough I and in so many different contexts that for a time I came to consider it only a comfortable cliche — one of those sayings…