Correction (November 02, 1987)
Contrary to a statement in the Oct 12 issue of The Northern Miner, George Nemcsok is the Chief Geologist for Lac Minerals’ Macassa Division. He has held that position since 1979.
News
Alaska Apollo retains Kilborn on Alaska bet
Alaska Apollo Gold Mines reports it has retained Kilborn Engineering to review exploration results and ore reserve calculations at its Shumagin property on Unga Island, Alaska. John Bogert, president …
Robust commodity prices reflected in Inco results
The strongest nickel and copper markets in five years are being reflected in the bottom line at Inco Ltd. The world’s largest producer of nickel reports third-quarter earnings of $41.4 million compare…
Newfields to probe zone via Lac’s Lakeshore mine
Vancouver-based Newfields Minerals has reached an agreement with Lac Minerals which, Newfields hopes, will allow it to expand reserves at its Kirkland Basin gold prospect in Kirkland Lake, Ont. During…
Editorial Conference on computers is a good move
The Canadian Advisory Committee on Mining Automation, under chairman Jacques Nantel of Noranda, last week in Sudbury approved plans for the Third Canadian Symposium on Mining Automation. It will be he…
Editorial IRA’s shadow over gold
The Irish Republican Army casts a long shadow — even over a possible new Irish gold mine. A Dublin-based company, Ennex International (in which Toronto’s Northgate Exploration has a 15% direct and …
Deal gives Echo Bay 50.1% of Nuinsco
Shareholders of Nuinsco Resources have approved an agreement with Echo Bay Mines to proceed with the second stage of underground exploration on Nuinsco’s Cameron Lake property near Kenora in northwest…
Cantung to sell Queenstake shares
An Australian company, Balmoral Resources nl, has agreed to purchase the majority of Canada Tungsten Mining’s interest in Vancouver-based Queenstake Resources. The shareholding has been for sale for s…
Deka nears production for Minnova, Syngold
A production decision is still some time away for the Deka (Donalda mine) prospect in northwestern Quebec, but Syngold Exploration President Barry Simmons is confident the project will be developed. A…
Brunswick stays flat during third quarter
Citing low mine production and weak zinc prices, Brunswick Mining and Smelting recorded flat earnings of $3.55 million for the third quarter ended Sept 30. These earnings include an extraordinary gain…
Battle Mountain earnings show 94% increase
Improving gold prices and lower unit production costs were responsible for a third-quarter earnings increase of 94% compared with last year’s results, Battle Mountain Gold has said. According to Chair…
Toronto Stock Exchange Market takes a pause on its way down
The slide on the Toronto Stock Exchange continued, whipsawing investors with violent swings as it declined. The shortlived rally of Oct 21 was obliterated by three days of losses which wiped out anoth…