Letters to the Editor Gold “hoarding” explained
Gold hoard mocks poverty, an editorial in your issue of April 4, does not reflect knowledge of the social customs and attitude of Indians. It also shows lack of sensitivity to other peoples’ customs. …
News
Lac Minerals doubles 1st-quarter earnings
Doubling its earnings during the first quarter of this year compared with 1987 was Lac Minerals (TSE), which attributes the hefty increase to higher gold prices and a higher interest income. Earnings …
Malartic Hygrade looking to boost gold production
Aiming to increase its annual gold production to the 100,000-oz level, Malartic Hygrade Gold Mines (Canada) (VSE) is looking to acquire mines at or near production, says President Marc Henderson. Hend…
Amca hits water but not much ore
Water problems have all but eliminated any chance of finding economic reserves near existing mine workings at Amca Resources’ (VSE) Silver Cross property in Arizona. Earlier reporting of low grade gol…
Editorial U.S. divided on free trade
Should the U.S.-Canada free trade agreement be approved by Congress in its present form? For the mining industry, this is a tough question. As Elmer Bierly, vice-president of Hecla Mining * * * told t…
Equity merger plan not given approval
The Supreme Court of British Columbia’s decision with respect to the vote held by the limited partners of First Exploration Fund 1987 and Company Limited partnership was announced April 29. As a resul…
Assoc. Porcupine, Amer. Reserve test deep potential at Paymaster
A deep-drilling program involving two surface rigs is under way at the Paymaster gold project in Timmins, Ont., where partners Associated Porcupine Mines (TSE) and American Reserve Mining (VSE) are ho…
Seminar on ground control at Laurentian University
A professional development seminar on rock mass failures in hard rock mining will be held June 1-3 at Laurentian University, Sudbury, Ont. The seminar will run in conjunction with a Canadian mining an…
Independent committee studies Dickenson-Wharf amalgamation
No new details on the proposed almalgamation of Dickenson Mines (TSE) and Wharf Resources (TSE) were revealed at the latter’s annual meeting in Toronto other than that an independent committee will in…
FUTURES PRICES (May 23, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 103.60 101.70 103.00 + 1.10 Jul 97.20 95.40 95…
FINANCING (May 23, 1988)
ONTARIO Grand Empire — final rec iss offer 1,200,000 @ $1.20 per sh. Harrington Sound — final rec iss offer 700,000 @ $1.60 per sh to net $560,000. Released from Escrow Ateba — 100,000 shs released…
Automation symposium (May 23, 1988)
The 3rd Canadian Symposium on Mining Automation is scheduled for Sept 14-16 at Hotel Holiday Inn in downtown Montreal. The meeting is being organized by the Canadian Advisory Committee on Mining Autom…