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THE EDITORIAL PAGE Tax reform: rhetoric or reality?

Tax reform and reduction has become the order-of-the-day both in th is country and the U.S.A. But is it rhetoric or reality? As most of us know only too well, the over-all tax take being levied agai…


Golden Shield ups Mirado reserves

Reserves at the Mirado gold property controlled by Golden Shield Res ources have been increased by almost 30%, the company reports. Located near Kirkland Lake, Ont., the Mirado property hosts drill-in…


McFinley buying back in Red Lake gold project

McFinley Red Lake Mines, which holds a 50% stake in the McFinley gol d project, will purchase the remaining 50% stake from partners Phoenix Gold Mines and The Coniagas Mines. The purchase price is $3 …


Metals Report Zinc’s decline may be overdone

Zinc prices have been a veritable roller coaster this year moving to extremes on both the upside and downside. Overeaction seems to be the byword for this important industrial metal as prices swing do…



Correction (December 08, 1986)

In the Nov 24 issue it was reported in the Insider Trades section th at Echo Bay Mines bought 117,371 shares of Nuinsco Resources to hold 20,009,995 shares. That latter figure is incorrect. Echo Bay n…


Montreal Exchange Vior up sharply

Wednesday close, Dec 3 Overburden drilling on Inco and Cambior’s Douay Twp. property in the Casa Berardi area of northwestern Quebec are “very, very spectacular” says Claude St. Jacques, president of …


Naneco production decision expected

A production decision for the Longstreet and Johnson Gulch gold prop erties controlled by Naneco Resources could be made in 1987, the company says in its annual report. The company says that as deline…



Novamin cuts high grade gold near Cadillac

Early results from a drilling program started Nov 6 by Novamin Resou rces east of Cadillac in northwestern Quebec have returned some good values including one high grade hole. Of 11 holes drilled on t…


Obituary Verne Drake

Verne Drake, a former manager at Orlac Red Lake Mines in northwester n Ontario, has died in Saskatoon, at age 70. A graduate in mining engineering from the University of Alberta, Mr Drake spent a good…


Red Dog, Con mine see Cominco action

As anticipated, Cominco has decided to develop the Red Dog deposit in Alaska which will be the largest zinc producer in the western world when it comes on-stream in 1991. The decision coincides closel…


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