News

In the summer of 1915, Thomas Creighton and five fellow prospectors staked what has become one of the biggest mining operations in Canada. But at the time, they believed it to be a gold deposit. The c…

Discussing last week’s congressional election results, Business Week says: “The business outlook has been immensely strengthened by the election results. Businessmen are divided between the Democrat…

Scandinavian mining technology is playing a prominent role in Canada’s newest nickel mine. The mining method — longhole raise mining — selected for the bulk of the 2.58-million-tonne orebody under N…

Nickel may not possess the glamorous appeal of gold and silver but, in 1988, the base metal did just fine without it. Because of an unusual set of circumstances in which record consumption combined wi…

Cobalt, Ont., is justly Cfamous for its silver mines and the turn-of-the- century boom that made it the cradle of Canadian mining. It was a time of unbounded optimism and new developments in mineral p…

Canada, as the records in the bulky annual number of The Northern Miner revealed last month, is in the midst of a vast program of mineral development. Probably in no country in the world is mining and…

Lead surprised just about everyone when it averaged 27 (US) per lb on the London Metals Exchange during 1987, an increase over 18 in 1986. It was a turnaround year for the metal, the price of which ha…

Week’s Price (US) Change Gold (per oz) $407.50 — $ 3.30 Silver (per oz) $ 6.25 — $ 0.07 Platinum (per oz) $539.00 Copper (per lb) $ 1.49 + $ 0.12 Lead (per lb)…

The profits keep rolling in for Inco Ltd. (TSE), which has recorded its third consecutive record for quarterly earnings. The nickel giant reported net earnings for the third quarter of $200.3 million …

Net income of $1.3 million (9 per share) was reported by Minnova Inc. (TSE) for the first nine months of 1988, compared with $880,000 (6 per share) for the same period last year. The company attribut…

The Ptarmigan gold mine near Yellowknife, N.W.T., is proving to be a solid source of cash flow for Treminco Resources (TSE), a company managed by a board of directors almost entirely made up of former…

More encouraging results have been reported by Armistice Resources (ME) from a hole drilled between 1,500 ft and 2,100 ft at the company’s gold project near Vir- giniatown in northern Ontario. Hole 12…