Ptarmigan mine output growing for Treminco
Vancouver-based Treminco Resources (TSE) appears to be making progress in its bid to become a successful small-mine operator in North America. Record monthly gold production was achieved recently at t…
News
Environmental cleanup could cost $7 billion
Repairing the damage caused by mining companies to the environment and developing the technology to ensure compliance with new environmental legislation will have a serious financial impact on the ind…
Byproduct mining sends supply of silver soaring
The increasing supply of silver from new mine production is weighing heavily on the price of the precious metal. “Because the large proportion of this production comes from the byproduct mining of cop…
Little relief seen from industry downturn
The Canadian diamond drilling industry has plunged into another economic downturn and things could get worse before they get better. Tim Bremner, general manager of Logan Drilling and outgoing preside…
Corrections (May 21, 1990)
Contrary to what was reported (T.N.M., April 16/90), the Caribou lead-zinc mine in New Brunswick, which Breakwater Resources (TSE) has agreed to acquire, contains proven reserves of 1.9 million tonnes…
Bethlehem, Goldnev plan to merge; An agreement in principle has
Both companies recently appointed independent consultants to prepare a fairness opinion for the proposed merger, specifically to determine a share exchange ratio. The principal assets of the two compa…
INSIDE Australian rig a major innovation
Hailed by some as the most exciting and innovative development in the drilling industry since the introduction of the wire-line core system, the multi- purpose drill rig system developed in Australia …
INSIDE Graphite’s role in making drill bits
Without graphite, used in drill-bit molds, the diamond drill bit industry may not have been able not have been able to reach its present state of development. Page B2…
`Rousseau Wrench’ helps during breakout VANCOUVER — An innovative
An innovative tool for use during “break-out” has been developed by Longyear Canada. The idea for the tool came from a driller at Longyear, and the tool was subsequently named after him. Dubbed the …
Colombia guerrillas attack gold mine
A small gold mine in northern Colombia, recently destroyed by guerrillas, is owned by Americans, and not Canadians as has been reported. Jim Anthony, chairman of Greenstone Resources (TSE) which has p…
Metal Prices FUTURES PRICES (May 21, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) May 123.70 120.20 121.30 + 0.90 June 119.00 117.00 118.30 + 1.90 July 115.10 112.65 114.10 + 1.95 SILVER (in US c…
Equity Silver Mines earnings drop
First-quarter earnings dropped slightly for Equity Silver Mines (TSE), falling to $4.5 million on revenues of $25.9 million, compared with the previous year’s earnings of $5 million on revenues of $27…