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 …
News
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 …
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…