News

Highland Valley spending $17m. on new plant

At a cost of $17 million, B.C.’s newly-formed Highland Valley Copper will install two semi- mobile in-pit crushing plants, equipped with gyratory crushers which will be among the world’s largest. The …


Mine share trading rises at Toronto Stock Exchange

Dollar value of trading in mining shares on the Toronto Stock Exchange in August increased to $570.3 million, a dramatic 102.7% increase over the $485.8 million traded in July. Share volume in mining …


Obituary Leslie Hermiston

Leslie (Les) Hermiston, a prospector who like many others cut his teeth on silver during the heyday of Ontario’s Cobalt camp, has died at the age of 85. Mr Hermiston, a native of Cobalt, died at the h…


Newmont/G. Briar share drilling costs

Costs of a diamond drilling program near common boundaries between claims held by Newmont Exploration of Canada and Golden Briar Mines will be shared equally, the latter company says. The properties, …


Pancana profit slips

Pancana Minerals reports net earnings of $1,146,000, (24 cents a share after allowing for preferred share dividends) in the 6-month period ended June 30, compared with earnings of $2,008,000 or 50 cen…


Major exploration starts at Terramar’s Reid mine

Now that a prolonged fight with its Reid mine partners is over, Ter ramar Resource Corp. has commenced a major exploration program at the mine which will include dewatering the 800-ft level. The main …



U.S. automakers use more zinc in fight against rust

The use of zinc-coated steel in the typical U.S.-produced automobile rose 23.2% during the 1986 model year, according to the New York based Zinc Institute. That’s the largest annual per- vehicle incre…


Back above $400 Gold’s glint catches public’s eye

The day gold surged past the $400(US)-mark last week was the day a Toronto stockbroker placed an ad in a financial newspaper for a seminar on “how to profit from the recent gold price moves.” It was a…


Record output for Galactic

Galactic Resources reports record monthly production in August from the Summitville gold mine in Colorado. Chairman Robert Friedland says in that month the mine produced over 9,000 oz, bringing total …


Decline gets green light at Newhawk B.C. bet

Formal approval has been received by Newhawk Gold Mines for an underground decline at its Sulphurets property in northwestern B.C. As expected, Lacana Mining has agreed to fund its share of the projec…


Sparton seeks funds

A prospectus filing is being made in Quebec, New Brunswick and Nova Scotia which, if completed, will net Sparton Resources up to $1.3 million for ongoing exploration programs. The bulk of the financin…


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