New gold mine in Chile will boost TVX output
Not only is Consolidated TVX Mining (TSE) determined to be a low-cost producer, but the Toronto- based firm has designs on becoming the largest gold-mining company in South America. TVX, whose share o…
News
New N.B. exploration fund draws hopeful prospectors
Chances look good that prospectors will be flocking to take advantage of a new mineral exploration assistance program set up by the province of New Brunswick. Though it had been open for business for …
Investment Comment Kerr Addison on recommended list
Long associated with the old gold mine at Virginiatown, Ont., which it sold last year to Golden Shield Resources (TSE), Kerr Addison Mines (TSE) has emerged on the recommended list of Toronto- based M…
Eureka, Hawthorne study suggests mine possible
An independent engineering study indicates a 3-year mine life at the Mindora gold-silver project of Eureka Resources (VSE) and Hawthorne Gold (VSE). Eureka President Jack O’Neill says the companies ar…
Editorial The business cycle
If there ever was a classic example of the business cycle and its effect on one company, it’s the case of Inco in the 1980s. The nickel producer is flying high now with record earnings and an increa…
Great Lakes Nickel may have new owner
Sale of the controlling interest of Great Lakes Nickel (TSE) to an unidentified resources company may be imminent. President Dennis Wood, speaking at the annual meeting, said a deal, which was to clos…
Midas, Duration deal
An agreement between Duration Mines (TSE) and Midas Minerals (TSE) has been renegotiated. The deal concerns a platinum property near Marathon, Ont., which was optioned by Midas to Duration. The new de…
Int’l Platinum counting on `big picture’ approach
Eighteen platinum properties in six provinces, the Northwest Territories and one United States state has made International Platinum Canada’s busiest white metal explorer. The company has been at it f…
Denison achieves new safety record at Elliot Lake
Well over one million hours of work without a lost-time accident have been accumulated at the Elliot Lake operations of Denison Mines, establishing a new Canadian mine safety record. According to Coli…
La Teko resumes production at gold mine near Fairbanks
Gold production has resumed at La Teko Resources’ Ryan Lode mine near Fairbanks, Alaska. A dore bar weighing 278 oz was poured June 20 and a second was scheduled by month- end. Over 1,000 oz of gold h…
Aber moves second rig into Sunrise
Exploration work is being accelerated at the Sunrise Lake project of Aber Resources (VSE) and Hemisphere Development Corp. (VSE) in the Northwest Territories. A second drill has been added to outline …
Deepening of shaft to start in June at Broulan project
A start was to have been made on deepening the shaft to 3,500 ft from the present bottom level of 2,500 ft at Broulan Resources’ (TSE) main property in the Timmins area of Ontario, where Belmoral Mine…