50 Years Ago NEW SHAFT STARTED AT INCO’S GARSON
The International Nickel Co. announces the beginning of work on a new large- sized shaft at the Garson mine. The cost of the shaft, hoisting equipment and complementary surface plant and structures is…
News
Alberta Stock Exchange Baloil big trader
Despite concerns over a cooling North American economy, a number of Alberta issues made significant progress during trading this week. They include the Baloil Resources’ issue which distinguished itse…
Dominion tables new offer for Australia-based Whim
Directors of Australian gold producer Whim Creek Consolidated NL have recommended to shareholders that they accept a revised takeover offer by Dominion Mining. If the offer is approved, the two compan…
TURNAROUND MACLELLAN
The MacLellan mine, about 10 km northeast of Lynn Lake, Man., has had a bumpy road to profitability. It started producing gold in late 1986, but even by February, 1988, couldn’t make ends meet. So par…
Editorial Inco’s employee incentives
Inco’s employees have done pretty well during the past year, as well they should. The company is enjoying record profits and shareholders are receiving record dividends. It’s only fitting that the emp…
Editor’s Note SALVATION
The cover story this month relates to seemingly unsalvageable mines that, after a touch of the right technical stuff, are back in the black. LynnGold’s MacLellan mine, Teck Corp.’s Newfoundland Zinc m…
Cyprus Minerals earnings bolstered by metal prices
Strong metal prices are positively affecting the balance sheets of major mining companies such as Cyprus Minerals (NYSE). First quarter earnings jumped to $81 million(US) or $2.94 per share, compared …
Core Sack SILBAK PREMIER
The Silbak Premier silver-gold Tdeposit, 21 km north of Stewart, TB.C., has mineable, open-pit reserves of 5.9 million tonnes grading 2.16 g gold and 80.23 g silver per tonne. The Silbak Premier will …
NFLD. ZINC
Though it’s definitely in the retreat phase, the Newfoundland Zinc mine has enjoyed a successful second life since it reopened in June, 1987. “Thanks to the increase in zinc prices over the past year,…
Golden Nevada, Bethlehem to buy Goldstream mine
Although the price wasn’t disclosed, Golden Nevada Resources (TSE) and Bethlehem Resources Corp. (TSE) have signed a letter of intent to purchase a 100% interest in the Goldstream deposit and related …
Suppliers’ Notes (May 01, 1989)
Rauma-Repola of Finland has signed a purchase agreement to acquire Nordberg Inc. of Milwaukee, Wis. Nordberg is the largest manufacturer of crushing equipment in North America. The first crusher manuf…
Falconbridge earnings take spotlight
Falconbridge Ltd. (TSE) Chairman Bill James was in an affable mood at his company’s recent annual meeting in Toronto. As usual, he appeared to relish the attention that comes with being in charge of t…