1988

Rio Algom’s Panel mine at Elliot Lake, Ont., has become the only North American mine in the world to hold a 5-star rating in the International Safety Rating System. The 5-star standing, announced by t…

The East Anglia Kemptville, N.S., tin mine is back on track, with improved recoveries and a daily milling capacity greater than originally planned, according to manager Ken W. Collison of the Rio Kemp…

Earnings during the first quarter of this year were $14.5 million (17 cents per share) compared with restated earnings of $2.3 million (3 cents per share) for the 2-month period ending March 31, 1987…

The search for deep sulphide deposits at Newmont Gold’s Deep Post prospect on the Carlin gold trend near Elko, Nev., will speed up this spring, the company said recently. In a bid to pull more record-…

Broulan — H. Grightmire bought 20,000 to hold 67,000. Chelsea Res. — Northgate Expl bought 200,000 to hold 1,300,000. Luxmar — R. Goyette sold 250,000 to hold nil. Northfield — M. Elder sold 10,00…

The Tax Reform proposals, when taken as a package, would have dealt a crippling blow to flow-through financing for junior mining companies: 1. The reduction in marginal tax rates would make any tax sh…

With the sale of a major interest in Golden Shield Resources (TSE), Kerr Addison Mines (TSE) has ended its association with the gold mine in Virginiatown, Ont., on which the company was built. Last ye…

Mineral exploration, by its very nature, is a difficult endeavor fraught with numerous risks — risks which all investors hopefully assess before buying shares. With so much risk to digest and weigh a…

At a time when takeover rumors and lawsuits have kept the major gold and metal producers in the headlines, it is almost refreshing to read about the prospects for one of the minnows of the mining worl…

The post-crash rally, which saw almost 500 pts added to the TSE composite index since October, 1987, has all but disappeared over the past two months. Following a week of small but steady declines, th…

The expansion of Amax Gold’s (TSE) Sleeper Mine near Winnemucca, Nev., is expected to add about 40,000 oz gold to the Colorado company’s annual gold production by 1989, the company said recently. Amax…

An offering to raise $2.4 million in flow-through funding is being made by Kimex Resources (ME) for exploration work. The company, which has interests in 11 properties (eight are wholly-owned), plans …