News



Montreal Exchange Market aims higher

A quiet market this week — volume slipped to 2.6 million shares one day — suddenly turned bullish on the final day of our report period, with the market portfolio gaining more than 39 pts and the mi…


Mascot reports operating profit

The Nickel Plate mine of Mascot Gold Mines (TSE) reported an operating profit of $8.3 million for the quarter ended March 31. During that period, Mascot paid off $10 million of its gold loan, equivale…


Omni leasing Venus mill to process Skukum ore

By leasing the former Venus mill from an affiliate, Omni Resources (VSE) hopes to have its Skukum Creek gold property in production later this summer. The mill was previously leased from United Keno H…


Royex reports 2nd-quarter income of $1.2 million

Net income of $1.2 million before unusual items and $3.4 million (4 cents per share) after unusual items was reported by Royex Gold Mining (TSE) for the second quarter ending March 31. For the same pe…


Cambior earnings up

First-quarter earnings jumped 16.3% compared with the same period in 1987, Cambior Inc. (TSE) reports. Net earnings were $3.6 million (15 cents per share) on revenue of $26.6 million, compared with $…


Newmont Gold’s reserves up 55% to 31 million oz

Just three months after Newmont Gold announced a $404-million program designed to develop its gold deposits on the Carlin trend in Nevada, the expansion policy is beginning to pay off. While reserves …


Sigma earnings up, Kiena income slips

Net income of $1.9 million (23 cents per share) on revenue of $10.3 million was repomted by TSE-listed Sigma Mines (Quebec) for the first quarter this year, compared with net income of $1.67 million (…


LAW DIRECTORS BEWARE

As a director or officer of a corporation carrying on business in Ontario, you might not know that you could be liable to a fine in the order of several tens of thousands of dollars and/or imprisonmen…


MILLING: WHAT”S NEW AN ATTRACTIVE LINER

Thanks to a new grinding concept in the form of rubber magnetic mill linings, considerable savings in energy and grinding media consumption can now be achieved. “In some cases, it (the magnetic liner)…


Maintenance: What’s New * * *

** A 3-IN-1 PUMP ** Toyo Pumps North America is selling a new pump that incorporates a diaphragm, hose and piston or plunger. Unlike conventional piston/plunger pumps, where pumping product enters the…


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