Landmark acquires Oakwood A shares
Toronto-based Landmark Corp. (TSE) has acquired 450,000 Class A non-voting shares of Oakwood Petroleums from Drake Holdings Ltd. for a consideration of $450,000, the company said recent. The company a…
News
Toronto Stock Exchange Trading activity depressed by bearish
A base of support appears to be building around the 3,200-pt mark as another week of directionless trading came to a close. Today’s close of 3,266.15 pts was down 4 pts — typical of the trading activ…
5-year modernization plan will cost CCR $46 million
A 5-year modernization plan costing $46 million will be undertaken by Canadian Copper Refiners (CCR) at its Montreal East plant. David Goldman, vice-president responsible for the CCR division of Noran…
POINTERS FOR PLANNERS
Much of mine maintenance these days is based on the idea you can predict when a machine will fail. The reasoning goes like this: If you know when a component is going to fail and it costs less to repl…
`Due diligence’ a serious but behind the scene activity
In recent years there has been a great deal of money invested in gold mines — new project financing, mergers, acquisitions and the like. Normally, newspaper reports refer only to the size and financi…
THE CARBON SOLUTION
Recovery of gold from cyanide leach solutions can be carried out by zinc precipitation, carbon-in-pulp (CIP) and resin-in-pulp methods. CIP has been generally favored as the method in recently constru…
Correction (October 03, 1988)
Contrary to what appeared in The Northern Miner Sept 26, QPX Minerals’ QR deposit has reserves of one million tons at 0.2 oz gold per ton.
How Newmont tries to balance financing, risk-taking
From an address to the Financial Times World Gold Conference by Gordon R. Parker, chairman, president and chief executive officer of Newmont Mining Corporation. To talk about financing companies is to…
Canamax’s third mine Kremzar produces its first gold
There’s a lot riding on the Kremzar gold mine 20 miles northeast of here. Not only does Canamax Resources (TSE) expect the mine to be the company’s main gold operation, it marks the first production f…
Bachelor Lake buys West. Prem. shares
Toronto-based Bachelor Lake Gold Mines (TSE) has completed the purchase of 750,000 escrowed common shares of Western Premium Resources (VSE), the company said recently. After securing a 100% interest …
Alberta Stock Exchange Investors stay away (October 03, 1988)
The summer doldrums have turned to fall slumbers as investors find less speculative ways to invest their savings. Even though gold climbed out of its recent freefall to close at $400(US) per oz, the e…
Cross-cuts STONE AGE STALLION
A horse head skeleton dug out of the Yukon’s rich archeological closet by a placer mining operation south of Dawson has officials at the National Museum of Natural Sciences in Ottawa elated. They now …