What’s New Electric Shovel
Harnischfeger has introduced a new Series A version of the P&H model 2800XP electric shovel. New electrical and mechanical features include: On Dual planetary propel and planetary swing. . Deep mid-se…
News
Callahan will spend $2 million on Kirkland Lake gold prospect
Arizona-based Callahan Mining (NYSE) has concluded an agreement to explore several properties in the Boston Creek area near Kirkland Lake, Ont. Shenandoah Resources (VSE) and Miller Independence Minin…
50 Years Ago QUERY
Would you consider Teck-Hughes a good mine to invest money in, or is it likely to peter out in the very near future? — A. B. Verdun, Que. Teck-Hughes is not likely to peter out in the near future. Th…
50 Years Ago OPEN MOLYBDENITE AT REGNERY
Bulk sampling on the first level of the Regnery Metals molybdenite property, at Hawk Junction, Ont., has been under way for the past two months and will be completed shortly. Previously, channel sampl…
Tellis cuts deal
A letter of agreement has been entered into between Tellis Gold Mining and a private investor regarding development of the former’s Cimarron gold property in Nye Cty., Nev. The private investor may ea…
Nickel price up as strike looms at Falconbridge
In a bid to avoid a strike that could cripple Falconbridge Ltd.’s (TSE) Sudbury, Ont., operations and send nickel prices shooting upward, the company is attempting to reach a new wage settlement with …
50 Years Ago NEW WORK PLANNED AT SIOUX GOLD
Sioux Gold Mines, which holds property near the Alcona Mine on the east side of Walton Lake (12 miles from Sioux Lookout, Ont.), is planning an exploration campaign including diamond drilling and surf…
Falco Gold profit (May 01, 1989)
Falconbridge Gold (TSE) realized earnings of $1.36 million or 10 cents per share for the first quarter of 1989 ended March 31. Revenues totalled $15.1 million from the sale of 31,880 oz of gold. Mine …
INSIDER TRADES (May 01, 1989)
Acadia — W. Beach bought 73,500 (Apr., private @ 62 cents to hold 88,162. Canacord — M. Pezim bought 149,500 (Mar., private) @ 29 cents to hold 149,500. Prime Capital bought 492,500 @ $1.36 to hold…
Managing TIMELY ADVICE
It has often been said, live for today, not tomorrow. Or that we think of the past with regret and the future with fear. Or never look back — you’ll die of remorse. In other words, when we look back …
Zinc prices boost Pine Point earnings (May 01, 1989)
Record zinc prices combined with record production from the Polaris mine in the Northwest Territories, led to record earnings for Pine Point Mines (TSE) in 1988. The company earned $62 million or $13….
Ridgeway revives Galactic
Success was about as elusive as the gold in its first mining venture, but Galactic Resources (TSE) is reporting an exceptional start for its recently- opened Ridgeway gold mine in South Carolina. The …