News

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…

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…

Batten down the hatches. The last five trading days on the tse have been anything but smooth, as the gold and silver index continued to lose ground. At today’s close, the index gave up another 1.3% as…

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 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…

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…

Sluggish growth is forecast this year for the American insulated wire and cable industry by Business Trend Analysts, Inc., a business research and publishing firm. In a report titled The U.S. Insulate…

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…

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…

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…

Joint-venture partners Quebec Explorers and Cogesco Mining Resources spent more than $1.3 million on a recent drilling program to explore the Dubuisson Twp. property in northwestern Quebec. The 6-mont…

Economic Minerals of Saskatchewan, the proceedings of a symposium held in Regina late last year, is now available for purchase from the Saskatchewan Geological Society, at Box 234, Regina S4P2Z6. Soft…