News


IOCC GOLD OPTIONS (May 01, 1989)

Options Open Series Volume Last Interest May 390 C 105 4.20 1,603 May 400 C 450 1.50 3,833 May 420 C 70 0.30 2,793 Aug 390 C 6…


Earnings Reports (May 01, 1989)

First quarter earnings for Brunswick Mining and Smelting Corp. (TSE) were $18.3 million or 51 cents per share. In the first quarter of 1988 Brunswick’s net earnings were $3.9 million worth 11 cents …


What’s New Rust Control

A synthetic latex, glycol ether-and- water mixture is being marketed by Great Northern Research of Minneapolis, Min., as a one-step rust- neutralizer and metal-primer. Called Rust x, the new product f…


Victoria Graphite completes drilling

A drill program completed by Victoria Graphite (TSE) has returned encouraging results from the company’s graphite property near Portland, Ont. All 15 holes intersected the mineralized zone. Some of th…


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 …


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 …



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…


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