Minorco and the Maple Leafs
Even in the worst of situations, it’s wise to look on the bright side. To concentrate too much on life’s little setbacks is not good for one’s health. In that light, we take our hat off to James Cap…
News
Costs too high for Giant Yellowknife
The main challenge facing Giant Yellowknife Mines (TSE) is reducing operating costs and increasing the profit on each ounce of gold produced, President Adrian Fleming said at the annual meeting. Giant…
Positive feasibility study for Atlanta Gold
With a positive feasibility study in hand, Atlanta Gold Corp. (TSE) says it is moving ahead to complete the permitting and project financing for its 100%- owned Atlanta Gold project in Elmore Cty., Id…
Crofoot mine production boosts Granges earnings
Granges Exploration (TSE) reported net income of $655,000 in the first quarter, compared to a $250,000 loss for the same period a year earlier. The latest results included gold production from the com…
New study planned on state mining taxes
A new study is planned to look at the impact of state taxes on the mining industry. “State tax structure is an important factor in determining whether or not a mine project is economically attractive,…
Montreal site for aluminum symposium
The Metals Week Second Aluminum Symposium will be held Sept 25-26 in Montreal. Entitled “Facing the 90s,” the symposium will concentrate on the effect of the recent dramatic rise in aluminum prices. I…
Rea Gold taking traditional route to production
Up until several years ago, the height of ambition for a junior company with a promising property was to strike a joint venture deal with a major mining concern, hopefully with one benign enough to le…
Callahan loss $1.2 million
Attributing the loss to lower revenues from the Galena silver mine in Idaho, ongoing problems at the Ropes gold mine in Michigan, and high exploration expenditures, Callahan Mining (NYSE) reported a l…
Beartrack mine will boost Canyon output to 50,000 oz
Development of the Beartrack deposit near Salmon, Idaho should boost Canyon Resources’ (NASDAQ) annual gold output to 50,000 oz beginning in 1991, Richard De Voto, president, says in the company’s ann…
Priority Maintenance
Out of a total workforce of about 412 (including salaried employees on staff), the fact that Key Lake’s maintenance department employs 154 workers says something about the operation’s priorities. “May…
RADIATION HAZARDS
All uranium-bearing minerals contain radium, the radioactive product of uranium decay. Radium itself decays and gives off the chemically inert, radioactive gas radon. Radon can percolate out of rocks …
50 YEARS AGO BRITISH INTEREST GETS SETBACK
The sending of British capital into Canadian mining and other enterprises is being affected by the suggestion of British authorities that Old Country brokers and bankers should not assist in the expo…