Hemlo hoping for reduced production cost
An average cost of $120(US) per oz of gold produced is not good enough for Hemlo Gold Mines. The company, a subsidiary of Noranda Inc., believes it can drop that cost to $110 or lower. During the firs…
News
Kowkash plans drill program
A high sensitivity magnetometer survey has been completed by Kowkash Gold on its 38-claim O’Sullivan Lake gold property north of Geraldton, Ont. The survey confirmed the existence of significant struc…
Copper mine won’t reopen, Noranda says
About 400 workers are affected by the decision of Gaspe Copper Mines to suspend mining operations completely at its Murdochville, Que., mine, the site of two fires in April. Low copper prices are cite…
Davidson shareholders upset by mine delays
A production decision for the Tisdale gold project shared equally by Davidson Tisdale Mines and Getty Resources, is expected to be made by October, The Northern Miner was told after the annual meeting…
Mining firms attracted to southwestern U.S.
Canadian companies have actively explored for minerals in the U.S. over the years, but the level of activity today has reached an all-time high. Much of it is taking place in the western part of the U…
Quebec Cobalt, Arrowhead merger
The amalgamation of Quebec Cobalt & Exploration with Arrowhead Gold Mines has been approved by the shareholders of both companies, Quebec Cobalt President Richard Evarts said recently. The new company…
Correction (June 15, 1987)
In the June 8 issue of The Northern Miner, it was mistakenly reported that Pamour Inc. owns 50.2% of Australia based Giant Resources. In fact the reverse is true.
Queries Parvus making noises again
I hold shares of Parvus Mines, which seems to have almost disappeared from the scene since the late-1970s. Now I hear there is a private placement of flow-through shares; also, it has reappeared on co…
Brunswick profit expected to continue
Brunswick Mining and Smelting Corp. reports first quarter earnings of $355,000, compared with a loss of $3,525,000 in the first quarter of 1986. Value of mineral production in the latest period was $6…
Underground work planned for New Pascalis claims
An underground exploration program is to begin shortly on the 38 New Pascalis Mines claims located 26 km east of Val d’Or, Que., project operator Cambior Inc. reports. The program, scheduled over 12 m…
METAL MARKETS Japan relying on more steel imports
With its steelmakers having cut production, Japan will start relying more on steel imports than exports, and developing nations such as Brazil and Korea will be expanding their steel capacity steadily…
Atlantic Report Maritimes exploration arm
Vancouver-based Four Seasons Resources has established a Maritimes exploration arm, F.S.R. Maritimes Exploration. F.S.R. Maritimes is negotiating an option agreement with Four Seasons whereby it could…