Production rate goes up at Pioneer’s Puffy Lake
Ore reserves have nearly doubled at Pioneer Metals’ Puffy Lake gold project and with this increase comes an expanded mill throughput to 1,000 tons per day. As a result of a recently completed diamond …
News
Westar has quarter profit, gears for a tough market
Under constant pressure from Japanese consumers to lower prices and volumes, coal producers like Westar Mining have been forced to control costs to remain competitive. That fact has been reflected in …
Aussies give Cdn junior a facelift
Shareholders of Vancouver-listed Consolidated Reactor Uranium Mines have approved the take-over of their inactive, indebted company by Mineral Commodities Limited Group (mclg), formerly Woodsreef Mine…
Vancouver Stock Exchange Index flirts with 2000 mark
For the first time ever, Vancouver’s market index breached the 2,000 mark although it’s dropped back slightly and is now hovering around 1990. Trading volume has slipped somewhat but it’s still heavy …
United Keno has near-million loss in quarter
A loss of $961,000 or 30 cents a share is reported by United Keno Hill Mines for the 1987 first quarter. It compares with a loss of $697,000 or 24 cents a share in the similar period last year. The c…
Core Energy drops La Ronge option
Vancouver-listed Core Energy Corp. intends to drop its option on the 15,460-acre Conjuring River property, in the La Ronge area of northern Saskatchewan. The decision follows a 3-hole drilling program…
METAL MARKETS Metal snips
Sales of Australia’s new Nugget series of gold coins has already exceeded expectation. It was anticipated 130,000 oz would be sold by June 30 of this year, but sales to date have surpassed 155,000 oz….
Production called for at Cheni’s Lawyers bet
The preliminary prospectus of Cheni Gold Mines outlines in considerable detail its plans for the Lawyers property north of Smithers, B.C. (N.M., April 13/87). A report by Wright Engineers recommends t…
First gold pour at Nickel Plate (May 04, 1987)
The first gold bar has been poured at Mascot Gold Mines’s Nickel Plate mine near Hedley, B.C. The Nickel Plate project was originally forecast to start in July of this year at a cost of $68.7 million….
Mining vacancies
Job vacancies for engineers, accountants, scientists and other professionals increased 8% during the last three months, but decreased 11% during the last year, according to a Technical Service Council…
Carlson gets gold on Hemlo property
A drill program completed by Black Gregor Explorations in the Hemlo area has yielded several gold values, the option partner Carlson Mines says. Gold was assayed in five of the eight holes completed. …
Noranda profit $1 a share foreseen by firm’s chairman
Noranda Inc. should make something better than $1 a share in the balance of this year, Chairman Alfred Powis said following the company’s annual meeting. He told shareholders at the meeting that in th…