News

WHAT’S NEW Underground Equipment A manless truck

Four years ago, at about the Fsame time it decided to market continuous mucking machine, Inco Ltd. laid plans to develop a rapid truck haulage system to keep up with these high production rates. The m…


COATS Trading Features (June 01, 1987)

Card Lake Resources continued to perform on the coats system, trading to a new high of $2.30. News from the company’s gold play in the Harker-Holloway area east of Matheson, Ont., continues to be good…


Alberta Stock Exchange Noble Peak doubles

It wasn’t the most active stock on the market this week — 58,600 shares changed hands — but Noble Peak Resources was certainly one of the best performers. The exploration company continued a two-wee…


MANAGING INVESTING IN PEOPLE

Jobs at all levels of mining are being slashed in the headlong rush to improve productivity and cut costs. As a result, corporate loyalty is dying. Although money has been saved in the short term, the…



Base metal reactivation a success for Brenda

The reactivation of Brenda Mines’ base metal operation near Peachland, B.C., is proving to be quite a success story. Net earnings for 1986 totalled $1.84 million or 40 cents per share and the situati…


Cliff to acquire Reno gold mine

Cliff Resources will acquire the Olinghouse gold mine northeast of Reno, Nev., the Toronto based company announced recently. According to Chairman Gary Last, the open pit mine will resume operations i…


WHAT’S NEW OPEN PIT EQUIPMENT Blasthole Drill

Robbins Manufacturing has introduced a new 50,000-lb pulldown blasthole drill capable of drilling 9-in diameter holes. The unit features a Caterpillar 3406 engine rated at 402 hp, a 950-cu-ft- per-min…



Golden Shield acquires old Kerr Addison Mine

Old gold mines never die, they just get taken over by ambitious junior exploration companies with fresh insights into the old operation’s hidden ore reserves. At least that’s how it looks after VSE-li…


Mascot a text book mine

You can learn a lot about a mining operation by listening to employee discussions in company lunchrooms. In most cases the conversation is fairly predictable: complaints about co- workers, equipment p…


Sunmist funding

In addition to a previously announced flow-through financing of $540,000, Sunmist Energy has secured $600,000, at 65 cents per share, from First Exploration Fund l987 and Co. The amount will be spent…


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