Higher earnings for CoCa Mines
Net income of US$1.9 million (17 cents per share) on revenue of US$28.3 was reported by CoCa Mines (TSE) for 1989, compared with net income of US$184,500 (2 cents per share) on revenue of US$13.6 mill…
News
Editorial Mining industry challenged
The mining industry along with every other industry sector was challenged at Globe ’90, an international environmental conference held in Vancouver, B.C., to play a stronger role in protecting the env…
VSM, Serem up reserves on Grevet zinc project
Geological reserves at the Grevet zinc-copper-silver project operated by Serem Quebec and held under option by VSM Exploration (ME) have topped the 10-million-tonne mark. Situated about 40 km northeas…
Bojtos names the minerals
Peter Bojtos won the “Name the Minerals” contest at the Prospectors and Developers Association of Canada’s annual convention, March 11-14. He is vice-president of corporate development at Kerr Addison…
Gold funds as of Mar. 27
MVP BGR Central Capital Net value $12.09% %$6.06% $0.40% Price $10.75% %$6.62% $0.29% Discount 11.08% %9.3%5 27.5% Value $71,973,764 $102,052,117 N/A…
Remote Sensing
REMOTE SENSING Mining companies can now monitor mining waste sites and tailings ponds in considerably more detail from, of all places, Earth orbit. Using thematic mapping (TM) data from the Landsat sa…
Jonpol seeks financing for Garrison Twp. plans
Having extracted a 2,200-ton bulk-sample program on their Garrison Twp. Newfield gold project near Cochrane, Ont., partners Jonpol Explorations (TSE) and affiliate T & H Resources (TSE) are waiting fo…
Holt-McDermott first min in Barrick group to unionize
Representatives of about 177 hourly wage employees at American Barrick Resources’ (TSE) Holt-McDermott gold mine near Kirkland Lake, Ont., will meet this month to negotiate their first contract as a u…
Toronto Stock Exchange Gold recovers slightly, but investors still
An already nervous investment community was dealt a severe blow for the week ended March 27 when the gold price fell US$29 per oz. to a low of $362. While the yellow metal rebounded to US$372 on the s…
Footing the bill for new `goodies’
In the 1930s, there were three producing mines in the Bridge River area. The Union Brass pulled a long strike. When the dust settled, one mine reopened on a partial basis. There was no unemployment in…
GOLDEN BITS
Diamond Drill Bits New diamond drill bits from Utah-based Christensen Mining Products increase footage per bit by 15% to 20%, the company says. These “gold” bits, as they are called, combine friable d…
Muscocho mines deal fair to shareholders, firm says
An independent valuation and fairness opinion of a deal involving three Muscocho group companies, two new producing gold mines in northern Ontario and Echo Bay Mines (TSE) concludes the proposed trans…