Bulk sampling increases Eagle River reserves]]
Initial results from bulk sampling completed on the Eagle River property by Hemlo Gold Mines suggest that gold values are higher than that estimated by drilling. Central Crude Ltd. (TSE) holds a 40% i…
News
Profitable trading at yesterday’s price
Buy metals at yesterday’s price whenever you please. It’s like printing money. Ridiculous, you may say. Well, I did just that for several years. This is how it happened — a continuous, quiet routine …
Problems at Nickel Plate continue for Corona Corp.
While the Nickel Plate gold mine in British Columbia continues to cause problems, the on-going message of Corona Corp. (TSE) for the entire company is one of good growth potential in low-cost precious…
900-million Porgera project gets green light
Placer Dome has obtained approval from the government of Papua New Guinea to begin construction at its Porgera gold project, a $900-million investment. Placer Dome is operator holding a 30% interest w…
Bunker Hill profits hinge on running near capacity
The reactivation of the Bunker Hill mine has breathed new life into this depressed community which went into a tailspin after the mine shut down in 1981. Even so, the fragile nature of the area’s econ…
Stronger dollar affects earnings of Hemlo Gold
A stronger Canadian dollar was partly to blame for reduced earnings during the first quarter of this year, Hemlo Gold Mines (TSE) reports. The company, controlled by Noranda Inc. (TSE), says it receiv…
Belmoral reports quarterly loss
Low gold prices and a lower grade of ore at the Dumont mine near Val d’Or, Que., were part of the reason Belmoral Mines (TSE) recorded a $4 million net loss for the first quarter of this year, the com…
News in Brief (May 22, 1989)
Franco-Nevada Mining (TSE) recorded year-end (for the fiscal year ending March 31) net earnings of $1.5 million (13 cents per share), compared with $129,600 (1 cents per share) for the previous fisc…
Metrologist seeks help
Metrologist Jan Merks is seeking help from mining companies for a book dealing with the metrology of precious metals ores. He can be contacted at: P.O. Box 697, Station A, Vancouver, B.C. V6C 2N5.
Ottawa foresees a prosperous future
Mineral producers in Canada face a more promising future than in recent years, a spokesman for the federal government said. “Clearly, the picture for the mineral producing side of the mining industry …
McMaster geologists to study earth’s crust
Geologists from McMaster University in Hamilton have been awarded a $112,000 grant to study the earth’s crust near Kapuskasing, Ont. The research team, led by Professor Dennis Shaw, will explore the u…
Alberta Stock Exchange Guiness recovers
Gains were small on the Alberta Exchange during a week that featured mild trading and little investor interest. Volume leader was Baloil Lassiter with 676,000 shares changing hands although the issue …