Sigma earnings up, Kiena income slips
Net income of $1.9 million (23 cents per share) on revenue of $10.3 million was repomted by TSE-listed Sigma Mines (Quebec) for the first quarter this year, compared with net income of $1.67 million (…
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Lacana improves 2nd-quarter earnings
Annual output of 50,000 oz gold and 150,000 oz silver is expected from its wholly-owned Santa Fe mine in Nevada which is to go into production in October, Lacana Mining reports. The company, part of t…
Noranda releases results from Grew Creek property (June 06, 1988)
Six out of 15 diamond drill holes completed by Noranda Exploration on its Grew Creek property near Faro, Yukon, show significant gold values. Golden Nevada Resources and Brenda Mines are also involved…
Hemlo Gold seeks doubling of earnings in 5 years
A target of doubling earnings in the next five years has been set by Hemlo Gold Mines (TSE), President John Harvey told shareholders at the company’s first annual meeting since it started trading publ…
Anglesey gets financing mining within two years
By taking on a local partner, Imperial Metals Corp., (TSE) has put its Parys Mountain project on a fast track to production. Located on the Isle of Anglesey in northern Wales, the polymetallic mineral…
NovaGold bulk sample recovery rate 93.5%
The initial bulk sample results from NovaGold’s Fifteen Mile Stream property had a 93.5% recovery rate, not 0.07% as reported in the company’s release of May 18, the company reports. The grade of the …
Strike at Inco averted, nickel prices still high
In times of prosperity, Inco Ltd. (TSE) has shown that it is prepared to share the spoils with its employees. That became obvious recently when about 6,300 hourly paid Inco workers voted to accept a n…
U.S. uranium tailings plan could end trade dispute
The current uncertainty in the U.S. uranium market could be cleared up soon. Unconfirmed rumors are that the U.S. government is prepared to put up about $1 billion for uranium tailings reclamation wor…
50 YEARS AGO JAPAN SHOWS HOW GOLD IS NO. 1 WAR METAL
Can nations conduct war without gold? Is gold an essential metal when conflicts rage? There are those who have observed Japan and Italy waging war with little gold. They have seen Germany arm and thre…
MILLING: WHAT”S NEW AN ATTRACTIVE LINER
Thanks to a new grinding concept in the form of rubber magnetic mill linings, considerable savings in energy and grinding media consumption can now be achieved. “In some cases, it (the magnetic liner)…
50 YEARS AGO PROPOSE QUARRYING AT ATHONA PROPERTY
Open-cut methods may be applied for mining the entire granite mass lying between the east and west gabbro contacts at the Athona property in the Goldfields section of the Lake Athabaska area in northe…
AUTOMATED HOISTS
The mine hoisting fraternity in Canada is warming to the idea that micro-computers can control hoisting systems. Noranda has gone the computer control route at its Geco mine, and the company is in the…