Nickel price won’t sway Que. Raglan
If the shareholders of New Quebec Raglan Mines (TSE) were hoping that a sudden upsurge in nickel prices would encourage the company to harness its huge nickel deposit at Ungava, Que., they came away f…
News
Editorial Common sense may yet win out
It’s sometimes difficult to separate reality from wishful thinking when it comes to judging the success of the mineral exploration industry’s campaign to save flow-through financing. The issue itsel…
Cambior projecting output of 200,000 oz gold in ’88
Quebec-based Cambior Inc. (TSE), which produced about 142,000 oz gold during 1987, is projecting an output of 200,000 oz for this year and 1989, and more than 250,000 oz for 1990. Cambior, with a 50% …
St. Genevieve Res. suspends offer for Louvem shares (May 02, 1988)
A bid to buy up to 4.8 million shares of Louvem Mines (TSE) at $1.50 per share has been suspended indefinitely by St. Genevieve Resources (ME). St. Genevieve, which owns about 56.5% of the common shar…
Stay of execution still possible for flo-through funds
Members of the mining exploration community received some indication here last week that the federal government is about to back down from its plan to weaken flow-through shares. Robert Jones, directo…
From the centre IDEAS THAT PAY
Editor’s note: The key operating people at any Canadian mine and mill were once concerned almost solely with meeting production quotas. Not anymore. At the better operations, getting more work out of …
Proceeds of Grant gold to solve Silverado problem
Living up to expectations has generally been a problem at Silverado Mines’ (VSE) Grant gold project near Fairbanks, Alaska. Milling at the troubled mining operation recommenced Dec 1, and since that t…
FROM THE CENTRE LICENSING
Beyond internal technology transfer, opportunities abound for mining companies to licence or sell their operating improvements to other mining companies or suppliers. For example, a friction washer de…
New magnesium plant given green light
What the Magnesium Co. of Canada (Magcan) says has the potential to grow to be the largest of its kind in the world, a magnesium production facility located near High River, Alta., was recently given …
What’s New A New Air Track
Ingersoll-Rand has introduced a new self-contained pneumatic drill for holes 2 1/2 to 4 inches in diameter. The ecm-360 Crawlair cents features an on-board 580-cu-ft-per-min, 120-lb- per-sq-inch air …
Water tas may scuttle Trail smelter expansion
At least a 25% increase in refined zinc production is being considered by Cominco Ltd. (TSE) at its Trail smelter operations, Robert E Hallbauer, president, told reporters after the annual meeting. Bu…
Four listed on ME
Four junior-mining companies recently incorporated — Augyva Mining Resources, Aurochs Mining Exploration, Deux-Montagnes Exploration and Louphior Exploration — have been listed for trading (symbols,…