Deak eases towns” fear of the future
The fear of becoming a mining ghost town has been put to rest in the northern Ontario communities of Virginiatown and Larder Lake. A recent deal between Deak Resources (TSE) and creditors of bankrupt …
News
Beaufield drilling (March 05, 1990)
A $175,000 drilling program is under way on Beaufield Resources’ (TSE) Lac Rouleau gold property held jointly with 52.5% partner Falconbridge Ltd. in northern Quebec. The property is about 70 miles no…
Gold Commissioner cancels claims next to Eskay Creek
The Chief Gold Commissioner of British Columbia has ordered the cancellation of the DUP 1-3 claims which had been subject to an option agreement between Adrian Resources (VSE) and Paul Dupras and Alex…
Brenda reports $9 million loss
For the year ended Dec. 31, Brenda Mines (TSE) reported a loss of $9.4 million or $1.93 per share on revenue of $49.8 million. That compares with net earnings of $14.6 million or $3 per share on reven…
Higher costs, lower output hurt HudBay
A combination of higher unit costs, employee bonuses and lower than expected copper production added up to a drop in fourth-quarter profits for Hudson Bay Mining & Smelting (TSE) and quarterly loss fo…
Race for gold in Timmins
The Great Porcupine Gold Rush Triathlon, sponsored by Pamorex Minerals Inc., will be held July 29 in Timmins, Ont., to retrace the original route of prospectors who discovered the large northern Ontar…
BRAINSTORMING
It is difficult and challenging to be a manager today. Business must be able to adjust rapidly and effectively to the many changes occurring in our technology and our society. However, the era of rapi…
THE LUCK OF THE SILVER-STRUCK CATTLEWOMAN
In researching a story on record-breaking events in mining for our April issue, I visited the office of our publisher emeritus, Mort Brown. He’s been in the business for practically half a century. I …
On The Move (March 01, 1990)
Thomas Zarnke has been promoted to plant manager at ME International’s Northern Automatic Electric Foundry operation in Ishpeming, Mich. He joined the company in 1985 as engineering and maintenance su…
Calendar (March 01, 1990)
April 1-5, Sparks, Nev. The Geology and Ore Deposits of the Great Basin. At the Nugget Hotel. Contact Geological Society of Nevada, Box 12021, Reno, Nev. 89510. April 2-6, Birmingham, England. Metalwo…
THE PITFALLS OF GOING PUBLIC: DIARY OF A CYNIC
So, you want to go public. You figure you can get together some money, start a public company to explore that mineral showing, find a mine. And get rich. I’ve been through that process during the past…
CHARGE IT
CHARGE IT We learned recently that nickel/copper production has been suffering at Falconbridge’s Sudbury refinery. Faced with a critical demand overload, Ontario Hydro triggered a clause in its electr…