Falconbridge profit, but cloud hovers
While something of a Caribbean cloud now sits over the company, Falconbridge Ltd. last year achieved a major upturn in its fortunes, recording a profit before extraordinary items of $29.7 million, or …
News
Canadian pair funds huge Montana deposit
There are a number of remarkable aspects of the Noxon silver- copper project in Montana where two junior Canadian companies, Jascan Resources and Atlantic Goldfields, are funding work to bring the pro…
Pine Point profits climb as mine closure imminent
Ending a successful mining operation on a high note, Pine Point Mines reported net profits for 1987 of $28.3 million, or $6.11 per share. This compares with 1986 earnings of $2 million or 45 cents per…
Bar Association to discuss Lac/Corona
The aftermath of the ongoing court battle by Lac Minerals and International Corona Resources over the Williams mine at Hemlo will be the subject of a meeting Feb 10 of the natural resources and energy…
19 fatalities in 1987 prompt committee probe
After one of the worst years for mining fatalities in recent memory, a committee of mining, government and union representatives is looking at ways to make the industry more safety conscious. The Cana…
Cominco has a good year under Teck
Call it luck, good timing or good management — all three helped Cominco enjoy a very successful first year under Teck control. The luck Teck seems blessed with, good management it is renowned for, an…
News in Brief (February 08, 1988)
Breakwater Resources has completed the private placement of 276,000 flow-through shares at $6.325 per share for total proceeds of $1,745,700. The money will be used to fund exploration work on mineral…
Famous forecasts — what happened?
The strong desire of metal consumers for price stability in the markets has had its effect on forecasts, public opinion and politics in the Western world since 1950. At that time, the U.S. Paley Commi…
Jascan clicks at Dufferin, options Gold Lk to Acadia
Assay results from a 44-hole program completed last November on the former-producing Dufferin gold mine property near Port Dufferin, N.S., have been received by 50-50 joint venture partners Novamin In…
Newmont claims richest hole ever
A 1,040-ft drill intersection from Newmont Gold’s Post deposit near Elko, Nev., may be a candidate for the Guinness Book of World Records. Weighing in at 0.495 oz per ton, including 470 ft at 0.93 oz …
Editorial Mining leads the way
Many see mining as part of Canada’s past, an anachronism that has no place among the high-tech and service industries of Canada in the twentieth century. The truth is, however, that mining is a lead…
Thierry equipment sale
The final equipment from the shutdown Thierry copper mine near Pickle Lake, Ont., is being sold by owner Umex Inc. Since shutting down in 1982 as a result of weak copper prices, the Thierry mine was k…