News


Placer earnings soar on Placer Pacific sale

Selling part of an Australian subsidiary boosted Placer Development’s net earnings to $113.7 million for the period ended Sept 30. The sale of a 21.4% interest in Placer Pacific, which represented a n…


Production to increase at Abcourt-Barvue mine

Production at Abcourt Mines’ Abcourt-Barvue silver-zinc mine in northwestern Quebec is planned to increase gradually to 700 tons per day in January, 1987, the company says. The mine averaged 471 tons …


Editorial: Risks to mining in tax reform

Just a few days ago, the Mining Association of Canada met with Fin ance Minister Michael Wilson to set out the mining industry’s views and concerns regarding tax reform in this country, and its possib…



Obituary: Stan McClay

A longtime mining and construction executive, Stan McClay, has died at age 77. A native of Vancouver, Mr McClay began his career in the mid- ’20s at Copper Mountain near Princeton, B.C., and during th…



reserve picture bright for Newhawk, Lacana

There has been a sharp increase in West zone reserves at the Sulphurets property in northwestern B.C. Newhawk Gold Mines and Lacana Mining’s combined 60% interest in the project has now been put into …


Lac/Cambior Doyon gets even better

Two ore zones have been intersected in the first hole of a deep drilling program at the Doyon gold mine in northwestern Quebec. The program was initiated by joint venture partners Lac Minerals and Cam…


Malartic Hygrade has lower earnings

Malartic Hygrade Gold Mines reports net earnings for the 9-month period ended Sept 30 of $1,447,694 or 41 cents per share compared to $1,553,770, or 44 cents per share, for the same period in 1985. …


Better encouraged by drill results

Drilling is continuing at Better Resources’ Mt. Washington gold property on Vancouver Island and the results are proving to be quite encouraging. Two drills are operating there and some good gold valu…


Alberta Stock Exchange: Pennant Pacific best gainer

Wednesday close, Nov 12 The largest gain for the week was made by Pennant Pacific Resources, the foreign controlled junior which is getting into gold mining. The company, which added $1.50 on the week…


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