Editorial There won’t be an oversupply of gold
The price of gold has been rather sluggish of late, breaking that so-called $440(US) barrier on the downside again this week. Naturally, this is causing some concern in investment circles, certainly t…
News
St. Andrew adds more land to Stock Twp. holdings
In a bid to increase its share of gold reserves at the Stock Twp. property near Timmins, Ont., St. Andrew Goldfields is buying an additional block of claims to the north and east of the property from …
Highland Valley relocating mills
A $70 million construction program will be undertaken by Highland Valley Copper in British Columbia to relocate two mills to a site adjacent to the Lornex Mining milling complex. The program is expect…
Rambo-Royex deal
An agreement has been worked out between Rambo Exploration of Rouyn-Noranda, Que., and To ronto-based Royex Gold Mining whereby the latter may acquire a 50% interest in Rambo’s 35-claim gold prospect …
AGIP expanding presence in Canadian mining sector
AGIP Canada, the wholly-owned affiliate of AGIP SpA of Italy, one of the world’s leading oil and gas companies, is taking on a more aggressive role in the Candian mining industry. Although the company…
Belmoral earnings increase sharply
Earnings of $3.5 million (11 cents per share) were recorded by Belmoral Mines of Toronto during 1987, compared with net income of $1.4 million (5 cents per share) for the year before. Revenues for th…
D’Or Val, Perron merger in works
Two Hughes-Lang companies active in northwestern Quebec, D’Or Val Mines and Perron Gold Mines, have agreed in principle to amalgamate. D’Or Val operates a producing gold mine near Val d’Or, while Perr…
Increased growth forecast for mica
Consumption of mica in plastics increased strongly during the first half of the 1980s with the steady development of methods of using fillers to reduce costs and improve performance, Roskill Informati…
Letters to the Editor Flippant remark threatens flow-through
I read, with considerable concern, the ill-advised reference to flow-through funding in E. A. Schiller’s column in your Jan 11/88 issue. I particularly disliked the term “fairy godfather” as applied t…
Cal Graphite withdraws reserve and cost estimates for gold bet
A statement of reserves and capital costs for Cal Graphite’s recently acquired gold property near Magdelana de Kino in the Sonora province of Mexico could not be substantiated by formal engineering re…
St. Genevieve Res. seeks full control of Louvem Mines
A bid by St. Genevieve Resources of Montreal to buy up the outstanding balance of shares of Louvem Mines it does not already own has been announced. St. Genevieve holds an approximate 56% interest in …
Messeguay, partners boost Delta reserves
The tonnage calculation of the D8 north, D8 south and D9 zones, following the 1987 drilling program at the Delta project in northern Quebec, stands at about one million tonnes of possible and potentia…