Cambior to put Eldrich-Flavell into production
Cambior Inc. (TSE) has decided to put its wholly-owned Eldrich- Flavell property into production, President Louis Gignac said at the company’s annual meeting in Montreal. The mine, located about nine …
News
What’s New AUTOMATED SURVEYING
Geodimeter of Canada has fully automated the monitoring of walls in open-pit mines. The company’s total station survey system, the AGA 710, which is used for monitoring the structural stability of pit…
Metal Prices FUTURES PRICES (May 02, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 90.05 88.50 89.35 — 5.55 Jun 89.00 89.00 …
People (May 02, 1988)
Ontario Ministry of Northern Development and Mines — John B. Gammon appointed director, mineral development and lands branch; Andrew J. Freyman, senior policy advisor.
Golden Briar finds zone of copper-zinc-silver
A new copper, zinc and silver zone has been discovered in Quebec’s Casa Berardi area, Golden Briar Mines (ME) reports. The discovery is located in an optioned 18-claim area adjoining the southern boun…
Investment Comment Analysts give approval to Royex amalgamation
The recent amalgamation of the Royex group of companies under a new entity called Corona Corp. has been a major talking point in mining and investment circles. Coming, as it did, in the wake of a cont…
Metall Mining posts 9-month earnings
Metall Mining (TSE) benefited from strong metal prices in the last quarter of 1987 to post net income of $17.3 million or 46 cents per share for the nine months ended Dec 31. That includes extraordina…
Dolphin to spend $2 million on Cape Ray drill program
A $2-million surface drilling program is planned this year by Dolphin Explorations (VSE) for its Cape Ray gold property in southwest Newfoundland. Planned by the company, which is 44% owned by Interna…
DRILLING: THE NEXT DECADE
Looking ahead to the 1990s, some Canadian mines may very well be driving drifts, crosscuts and raises with a technology completely different from anything in use today. While drilling and blasting hav…
Quinterra pleased at Central Patricia
Exploration work completed by partners Quinterra Resources (TSE) and Pure Gold Resources (TSE) on the Central Patricia property near Pickle Lake, Ont., has returned strong gold values from the Springe…
Cassiar reaches turning point in ’87 operations
Last year marked a turning point for Cassiar Mining (TSE) which reported net earnings of $3.7 million and announced plans to develop the McDame asbestos deposit near its existing open pit mining opera…
INSIDER TRADES (May 02, 1988)
Barron Hunter Hargrave — J. Hargrave sold 35,000 to hold 4,777,200. Black Hawk — S. Dattels sold 725,000 to hold nil. Canacord — L. McCarthy sold 40,500 to hold 171,200. Canamax — Amax Gold (Can) …