Inco Gold gets approval
Inco Gold, a wholly-owned affiliate of Inco Ltd. (TSE) has received regulatory approval for a private placement in the shares of Valentine Gold Corp. (VSE). Valentine plans to issue up to 5.5 million …
News
Innovations PROGRESS IN VENTILATION
Mining companies are starting Mto consider the economic Mbenefits of controlling the recirculation of mine air to recover heat from it and from such heat-generators as air-compressors and mine water. …
Flow-Sheet THE THIOUREA OPTION
Cyanide, the king of poisons, is highly respected in its many industrial uses, chief of which is the extraction of gold and silver. However, concern has been growing over what bad effects this highly …
Study endorses production at Western World copper bet
A feasibility study recommending production for the Western World copper project in Yuba Cty., Calif., has been received by Plexus Inc., a subsidiary of Plexus Resources (TSE) which holds a 50% stake …
Bachelor Lake wrestles with operating problems
Toronto-based Bachelor Lake Gold Mines (TSE) has told staff at its Desmaraisville, Que., operation to work more efficiently this year or face losing their jobs. Unit costs of $390(US) per oz mean the …
Montreal Exchange Quiet trading mood
The exchange had a relatively quiet trading week, with the market portfolio ending the reporting period up less than a point and the mining and minerals index closing unchanged. Daily volumes were hea…
TURNAROUND Renabie
The Renabie gold mine, in north-central Ontario, was dogged by financial troubles practically from its inception in the late 1940s. The federal government’s Emergency Gold Mining Act saw it through pe…
Editorial Mining and the movies
The story of Corona Corp.’s rise to prominence is like the script from a Hollywood movie, one of those Saturday afternoon matinees from days gone by that seem to continue forever, episode after episod…
Beauchamps takes option from Curator
Beauchamps Exploration (VSE) has acquired an option to earn a 50% interest in a promising porphyry copper-gold deposit in the Stikine area of northern British Columbia. The vendor is International Cur…
Hemlo Gold expanding output
Canada’s second largest gold mine plans to get bigger during the next several years. Golden Giant, owned by Hemlo Gold Mines (TSE) expects to increase its gold output to an average of 430,000 oz per y…
Toronto Stock Exchange Traders spooked by signs of economic
Growing signs that the supercharged economy is cresting, triggered more selling today as the composite index slipped another 6.97 pts. Canadian investors were also cautious today in anticipation of th…
BP Canada’s mining success stems from solid exploration
At a time when several oil and gas companies have shed their mining assets to concentrate on core petroleum businesses, BP Canada Inc. (TSE) remains an exception to the trend. Mining continues to be a…