TURNAROUND MACLELLAN
The MacLellan mine, about 10 km northeast of Lynn Lake, Man., has had a bumpy road to profitability. It started producing gold in late 1986, but even by February, 1988, couldn’t make ends meet. So par…
News
Editorial Inco’s employee incentives
Inco’s employees have done pretty well during the past year, as well they should. The company is enjoying record profits and shareholders are receiving record dividends. It’s only fitting that the emp…
Editor’s Note SALVATION
The cover story this month relates to seemingly unsalvageable mines that, after a touch of the right technical stuff, are back in the black. LynnGold’s MacLellan mine, Teck Corp.’s Newfoundland Zinc m…
Cyprus Minerals earnings bolstered by metal prices
Strong metal prices are positively affecting the balance sheets of major mining companies such as Cyprus Minerals (NYSE). First quarter earnings jumped to $81 million(US) or $2.94 per share, compared …
Core Sack SILBAK PREMIER
The Silbak Premier silver-gold Tdeposit, 21 km north of Stewart, TB.C., has mineable, open-pit reserves of 5.9 million tonnes grading 2.16 g gold and 80.23 g silver per tonne. The Silbak Premier will …
NFLD. ZINC
Though it’s definitely in the retreat phase, the Newfoundland Zinc mine has enjoyed a successful second life since it reopened in June, 1987. “Thanks to the increase in zinc prices over the past year,…
Golden Nevada, Bethlehem to buy Goldstream mine
Although the price wasn’t disclosed, Golden Nevada Resources (TSE) and Bethlehem Resources Corp. (TSE) have signed a letter of intent to purchase a 100% interest in the Goldstream deposit and related …
Suppliers’ Notes (May 01, 1989)
Rauma-Repola of Finland has signed a purchase agreement to acquire Nordberg Inc. of Milwaukee, Wis. Nordberg is the largest manufacturer of crushing equipment in North America. The first crusher manuf…
Falconbridge earnings take spotlight
Falconbridge Ltd. (TSE) Chairman Bill James was in an affable mood at his company’s recent annual meeting in Toronto. As usual, he appeared to relish the attention that comes with being in charge of t…
New Pascalis passive partner in gold project
With the Pascalis gold mine northeast of Val d’Or, Que., set to come into production in September of this year, New Pascalis Mines (ME) has become a passive partner in the venture. Operator of the pro…
letters to the Editor Not all geologists party to `scandals’
It is a rare occasion that I consider replying to an editorial, but a few aspects of the issue you raise in your article “Blame it on flow- through” (N.M., Apr 19/89) beg further comment. Although the…
What’s New Electric Shovel
Harnischfeger has introduced a new Series A version of the P&H model 2800XP electric shovel. New electrical and mechanical features include: On Dual planetary propel and planetary swing. . Deep mid-se…