News

SUPPLIER’S NOTES Ranger Helicopters, Canada

To simplify its operations Ranger Helicopters, Canada will henceforth be operating only one licensed helicopter comp any and winding down its other three licensed companies. The continuing company w…


Sherritt Gordon to discontinue Ruttan operation

Sherritt Gordon Mines has announced its intention to discontinue operations at its Ruttan mine in Leaf Rapids, Man., in mid-September. Transfer of ownership of Ruttan Mine to Hudson Bay Mining and Sme…


Accord completes exploration phase

A preliminary exploration program has been completed by Accord Resources on the company’s 33-claim property in Legault Twp., Ont. Located near Beardmore, the property was tested by 6,237 ft of diamond…


Norex results

Norex Resources recently acquired all the shares of Triweb Resources for a purchase price of $4 million. Triweb has a working interest in reserves of 860,000 bbl of oil, 16 million cu ft of gas and 16…


Leap in profit for Hudson Bay

Sale of an interest in a nickel exploration property helped give Hudson Bay Mining and Smelting a first quarter profit of $14.8 million on revenues of $76.6 million, compared with a net loss of $3.8 m…


First-quarter profit slips for Laduboro

A first-quarter profit of $20,000 was recorded by Laduboro Ltd. (formerly Laduboro Enterprises) of Montreal compared with a profit for the same period in 1986 of $31,800. Revenues during the quarter w…


Gaudet claim looks promissing

The results of a preliminary drilling program conducted recently on Continental Exploration’s and Ronrico Exploration’s 30-claim group in Gaudet Twp., Que., have produced some encouraging results. Aft…






CROSS-CUTS Mining: It’s Like Shovelling Snow

It’s almost embarrassing — and somewhat insulting — how some influential Canadian institutions view the mining industry. The worst gaffe we’ve heard in some time comes from Maclean’s, a magazine tha…


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