Giant profit up on price, output
Better gold prices and higher production helped propel Giant Yellowknife Mines to a first quarter profit of $3,516,000 or 50 cents a share, compared with earnings of $469,000 or 11 cents a share in …
News
Joe Mann mine adds Chibougamau glitter
It has been drowned and dewatered three times in its troubled 30-year history, but the Joe Mann gold mine here in northwestern Quebec is once again producing the yellow stuff. Moreover, production at …
Gaudet claim looks promissing
The results of a preliminary drilling program conducted recently on Continental Exploration’s and Ronrico Exploration’s 30-claim group in Gaudet Twp., Que., have produced some encouraging results. Aft…
Alberta Stock Exchange Noble Peak doubles
It wasn’t the most active stock on the market this week — 58,600 shares changed hands — but Noble Peak Resources was certainly one of the best performers. The exploration company continued a two-wee…
MANAGING INVESTING IN PEOPLE
Jobs at all levels of mining are being slashed in the headlong rush to improve productivity and cut costs. As a result, corporate loyalty is dying. Although money has been saved in the short term, the…
Toronto Stock Exchange Choppy gold takes steam out of metal markets
Batten down the hatches. The last five trading days on the tse have been anything but smooth, as the gold and silver index continued to lose ground. At today’s close, the index gave up another 1.3% as…
Nuinsco gets results from Aldermac claim
Nuinsco Resources and partner Seadrift International have received some promising results from drilling at the Aldermac joint venture project in Beauchastel Twp. west of Rouyn/Noranda, Que. Under Nu…
Vancouver Stock Exchange Market pummels “blue chips”
The market correction in Vancouver has pummelled speculative gold stocks and some of the more “blue chip,” issues as well. Yesterday the VSE index tumbled 44.3 points and today it was down another 8.5…
Acadia granted 3-year option in Pomac claims
A working option joint venture has been signed by Pomac Mines and Acadia Mineral Ventures dealing with Pomac’s property in northwestern Ontario. Acadia has been granted a 3- year option to earn a 51% …
General News & Comment Biotechnology opens in Montreal
The National Research Council has opened a Biotechnology Research Institute in Montreal. The centre, equipped with pilot plant facilities, will be used to carry out research and development work in bi…
WHAT’S NEW Underground equipment Double suction pumps
Goulds Pumps Canada (Mississauga, Ont.) has published two new technical brochures that give specifications on its entire line of pumps. Featured is the company’s new line of double suction pumps which…
WHAT’S NEW MILLING EQUIPMENT Computerized Ore Sorter
Ore Sorters of Lakewood, Colo., and Orevco Inc. of Peterborough, Ont., have commissioned a mobile, computerized ore-sorter that can be used to pre-concentrate gold ores and dump material. The new unit…