Canamax gold discovery boon for Kremzar mill
When Canamax Resources (TSE) decided to build a brand new 500- ton-per-day mill to process ore from the soon-to-be-producing Kremzar property near Wawa, Ont., the facility was designed to handle an ad…
News
Falconbridge, Beaufield to resume drilling
Falconbridge Ltd. (TSE) plans to resume drilling this month on the Lac Rouleau, Que., gold project held with partner Beaufield Resources (TSE). The program will focus on the 18 zone which has been tes…
Pezim group to share in Opapimiskan Lake project
Vanvouver stock promoter Murray Pezim is spending $2.5 million to earn a slice of one of the most promising exploration properties in the Pickle Lake area of northwestern Ontario. Through Prime Capita…
No net proceeds, no royalty, Minnova replies to Opawica
The reason Opawica Explorations (TSE) has yet to receive a royalty payment from the producing Lac Shortt gold mine in northwestern Quebec is because there has been no royalty payable, Minnova Inc. (TS…
Montreal Exchange: Mazarin-Cogema deal
Quieter times seem to have settled into the various stock markets and the Montreal Exchange is no exception. Trading continues mixed. During the past week, both the market portfolio and mining and min…
Rio Algom and Falconbridge win safety, first aid awards
Rio Algom’s Panel mine at Elliot Lake, Ont., has become the only North American mine in the world to hold a 5-star rating in the International Safety Rating System. The 5-star standing, announced by t…
Atlantic Report Tin operation back on track
The East Anglia Kemptville, N.S., tin mine is back on track, with improved recoveries and a daily milling capacity greater than originally planned, according to manager Ken W. Collison of the Rio Kemp…
Hemlo Gold earnings at $14.5m. for quarter
Earnings during the first quarter of this year were $14.5 million (17 cents per share) compared with restated earnings of $2.3 million (3 cents per share) for the 2-month period ending March 31, 1987…
Newmont to speed up search
The search for deep sulphide deposits at Newmont Gold’s Deep Post prospect on the Carlin gold trend near Elko, Nev., will speed up this spring, the company said recently. In a bid to pull more record-…
INSIDER TRADES (May 16, 1988)
Broulan — H. Grightmire bought 20,000 to hold 67,000. Chelsea Res. — Northgate Expl bought 200,000 to hold 1,300,000. Luxmar — R. Goyette sold 250,000 to hold nil. Northfield — M. Elder sold 10,00…
Tax Angles Flow-through was in trouble
The Tax Reform proposals, when taken as a package, would have dealt a crippling blow to flow-through financing for junior mining companies: 1. The reduction in marginal tax rates would make any tax sh…
Kerr sells stake in Golden Shield
With the sale of a major interest in Golden Shield Resources (TSE), Kerr Addison Mines (TSE) has ended its association with the gold mine in Virginiatown, Ont., on which the company was built. Last ye…