Zahavy extends zone
Zahavy Mines, an affiliate of Noramco Mining Corp., has released more drill results from the company’s gold project near Favourable Lake, north of Red Lake, Ont. The drilling, which tested the No 3 ve…
1988
Global exposure is important for mining firms
Mining companies which operate in several countries and have interests in more than one mineral may face the best chance for success. Robert Needham, executive chairman of the Australian firm Giant Re…
Pickle Lake unit consistent, Noramco says
Drilling by Noramco Mining Corp. on the company’s Pickle Crow gold property is showing the southwest iron formation unit to be consistent between drill holes. Located near Pickle Lake, Ont., the prope…
Faith/Oerron reach agreement
Faith Mines says it has entered into an agreement with Perron Gold Mines, a company with common management, whereby Faith can earn a 50% interest in 7 1/4 mineral claims in Chaste Twp., Que., by carry…
Rio Algom profit
Rio Algom Inc. reports consolidated net earnings of $93.1 million or $2.12 per share for the year ended Dec 31. This compares with earnings of $70.2 million or $1.58 per share realized in 1986. An ext…
General News & Comment (March 14, 1988)
The 1988 silver commemorative dollar from the Royal Canadian Mint salutes the 250th anniversary of the Quebec-based Saint-Maurice Ironworks, Canada’s first industrial refinery, which began operating i…
Imperial Metals active on many exploration fronts
Since spinning off its gold assets into Cathedral Gold, a Toronto-listed 22%-owned subsidiary, Imperial Metals has had exciting exploration results. Highlighted in its 9-month interim report is the St…
Mining must adapt to stay competitive, banker says
Mining, like other industries in Canada, must change with the times to remain competitive, the chairman of the Bank of Montreal said at the 56th annual convention of the Prospectors and Developers Ass…
Cominco expands output capacity for minor metals
With a $2.3- million indium project and a $5.8- million germanium recovery project under way in Trail, Cominco Ltd. is set to become the lowest- cost world producer of the two strategic metals by year…
Metal Prices FREE MARKET (March 14, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 8 Mar. 7 Mar. 4 Mar. 3 Mar. 2 Copper 1263-1265 1273-1278 1265-1267 1259-1261 1252…
Rhodes-Noranda get mixed drill results (March 14, 1988)
A $750,000 exploration program carried out by Noranda Exploration and Golden Princess Mining on the Offsets prospect near Timmins, Ont., has returned encouraging gold values. Noranda, as operator, com…
Quebec charges Noranda of violating pollution law
The Quebec government has charged Noranda Minerals with three counts of violating provincial air pollution laws. The charges allege that the company’s Horne copper smelter in Rouyn-Noranda, Que., emit…