WHAT’S NEW MILLING EQUIPMENT En Masse Conveyor
Gerber Industries of Minnetonka, Minn., has designed a conveyor that it says simplifies maintenance and improves ease-of-operation. The en masse conveyor features reduced noise, dust, maintenance and …
1987
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…
RESEARCH PGM deposits: A new model
Before writing off that long-ignored nickel-copper-platinum prospect, consider a re-examination of the property in light of a new genetic model devised by Prof David Watkinson of Carleton University, …
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…
Leap in profit for Hudson Bay
Sale of an interest in a nickel exploration property helped give Hudson Bay Mining and Smelting a first quarter profit of $14.8 million on revenues of $76.6 million, compared with a net loss of $3.8 m…
First-quarter profit slips for Laduboro
A first-quarter profit of $20,000 was recorded by Laduboro Ltd. (formerly Laduboro Enterprises) of Montreal compared with a profit for the same period in 1986 of $31,800. Revenues during the quarter w…
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…
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…
Gaudet claim looks promissing
The results of a preliminary drilling program conducted recently on Continental Exploration’s and Ronrico Exploration’s 30-claim group in Gaudet Twp., Que., have produced some encouraging results. Aft…
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…