AN ENDURING ACHIEVEMENT (November 01, 1988)
In the summer of 1915, Thomas Creighton and five fellow prospectors staked what has become one of the biggest mining operations in Canada. But at the time, they believed it to be a gold deposit. The c…
News
Orofino drill program completed
A 10,000-ft drill program has been completed by Orofino Resources (TSE) on the company’s Coronation Gulf gold property in the Northwest Territories. The property is held under option from Canuc Resour…
Low prices, high taxes killing B.C. coal industry, says report
Low coal prices and high taxation have had a devastating impact on British Columbia’s coal mining industry, according to a report by The Coopers & Lybrand Consulting Group. The industry’s return on co…
INSIDER TRADES (October 31, 1988)
Anderson Expl. — BC Sugar Refinery bought 164,706 (Sept, private) to hold 3,684,848. Kerr Addison bought 392,157 (Sept, private) to hold 6,202,281. Atlantic Goldfields — A. Howe sold 257,000 to hold…
Treminco’s Ptarmigan Mine Poised for Expansion
The Ptarmigan gold mine near Yellowknife, N.W.T., is proving to be a solid source of cash flow for Treminco Resources (TSE), a company managed by a board of directors almost entirely made up of former…
Open pit reserve outlined by LynnGold in Manitoba
LynnGold Resources (TSE) and Trans America Industries (VSE) have outlined gold reserves amenable to open pit mining on their Burnt Timber property, located seven miles southeast of Lynn Lake, Man. Bas…
Stronger zinc price lifts Pine Point net
Improved zinc prices and income from the Polaris mine in the Northwest Territories boosted net earnings for Pine Point Mines (TSE) to $43.9 million during the first nine months of 1988 from $21.4 mill…
Japan’s Nippon looking for gold
Nippon Mining Company, Japan’s largest producer of copper, is now exploring for precious metals in North America through a subsidiary based in Reno, Nev. A few years ago, Nippon made the decision to b…
Ounces up at Dickenson’s Red Lake Mine
Toronto-based Dickenson Mines (TSE) has reported increased gold production from its Red Lake mine during the third quarter. Gold production at the Arthur White Mine for the first nine months of this y…
More encouraging results reported by Armistice Res.
More encouraging results have been reported by Armistice Resources (ME) from a hole drilled between 1,500 ft and 2,100 ft at the company’s gold project near Vir- giniatown in northern Ontario. Hole 12…
Financing gold projects topic of seminar
Financing precious metals projects was the theme of a 2-day seminar at the Metro Toronto Convention Centre last week. The seminar, organized by the Institute for International Research, included 11 sp…
Lac earnings rise 20%
Third-quarter earnings for Lac Minerals (TSE) rose by 20% compared with the same period in 1987, while 9-month earnings this year were up by 34%. Earnings for the third quarter amounted to $12.2 milli…