Editorial True picture of a mining town
The image presented of mining, particularly on that most powerful of all mediums, television, is all too frequently a negative one, focusing often enough on hard issues such as accident rates, environ…
News
Hudson Bay’s Ruttan mine on hold as strike called
Operations at Hudson Bay Mining and Smelting’s (TSE) Ruttan copper mine at Leaf Rapids, Man., are at a standstill after 330 employees called a strike at midnight, May 31. In the latest setback for the…
Toronto Stock Exchange Resource issues lead strong advance
Like a breath of fresh air on a humid Toronto afternoon, a 3-day rally which has added more than 100 pts to the composite index couldn’t have come at a better time. With the market testing post-crash …
Free trade, a hot topic at Mineral Outlook ’88
Although most tariff barriers between Canada’s mineral producers and mineral buyers in the U.S. are already relatively low, the Mining Association of Canada (MAC) has come out strongly in favor of the…
Brex, Mirandor on ME
Two Ariel group companies, Brex Exploration of Montreal, Que., and Mirandor Exploration of Val d’Or, Que., were recently listed for trading on the Montreal Exchange (symbols BX.A and MIQ.A, respective…
Correction (June 06, 1988)
A bulk sampling program at the Theresa gold property near Longlac, Ont., will mine out up to 3,000 tons of rock for testing, partners Duration Mines (TSE) and Locator Explorations (VSE) say. In last w…
Montreal Exchange Market aims higher
A quiet market this week — volume slipped to 2.6 million shares one day — suddenly turned bullish on the final day of our report period, with the market portfolio gaining more than 39 pts and the mi…
Mascot reports operating profit
The Nickel Plate mine of Mascot Gold Mines (TSE) reported an operating profit of $8.3 million for the quarter ended March 31. During that period, Mascot paid off $10 million of its gold loan, equivale…
Cadmium a player in heated market
Firmness in the market for cadmium is being sustained by strong demand from the makers of nickel- cadmium batteries, Roskill of London reports in a new study on the metal. In the longer term, however,…
Galactic at work on new mines as Summitville output goes up
With production expected to begin at two new U.S. gold mines, 1988 will be a busy year for Vancouver-based Galactic Resources (TSE). As the company attempts to establish itself as a major gold produce…
Investment Comment Sulphurets makes Newhawk a buy
While fears of rising inflation and interest rates means that investment opportunities among Canadian gold stocks have been few and far between, the outlook for the price of gold appears to be good. A…
Amer. Reserve on ME
Recently listed for trading on the Montreal Exchange was American Reserve Mining (symbol AMI), a company incorporated in 1980 in British Columbia under a different name. The current name came into bei…