Amax Gold results lower in quarter
Amax Gold (NYSE) reported net earnings of $9.2 million or 15 cents per share in the first quarter of 1989 compared to $12.5 million or 21 cents for the same period of the previous year. Earnings w…
News
Cogema drills gold in Burntbush area
Drilling by Cogema Canada, a wholly-owned affiliate of Cogema, the French nuclear fuels company, has encountered gold values on a 312-claim property in the Burntbush River area of Ontario. An extensio…
Stronger dollar affects earnings of Hemlo Gold
A stronger Canadian dollar was partly to blame for reduced earnings during the first quarter of this year, Hemlo Gold Mines (TSE) reports. The company, controlled by Noranda Inc. (TSE), says it receiv…
Metal Prices FUTURES PRICES (May 22, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May120.00 117.00 117.10 — 8.50 Jun118.00 118.00 116.90 — 6.80 Jul117.50 114.50 11…
Slowdown could cut CDDA’s revenue
A slowdown in Canada’s mineral exploration activity this year could cut into the Canadian Diamond Drillers Association’s revenue. Speaking at the association’s 1989 annual meeting here recently, incom…
Turnover hindered outgoing board
From a report by John Halsall, outgoing president of the Canadian Diamond Drillers Association, at the association’s annual general meeting in Quebec City recently. The 1988-89 term for the Canadian D…
New reserves are discovered by Rouyn, LAC
New reserves have been discovered at the No 6 shaft of the Francoeur property near Rouyn-Noranda, Que., from recent exploration work on the 10th and 11th levels, Rouyn Mining Resources (TSE) reports. …
Letter to the Editor Geophysics industry can help protect Canada’s
We in the mining industry have a direct stake in the protection of our Arctic islands from challenges to our sovereignty. We should, therefore, view with alarm the decision against nuclear submarines….
Vista extends gold zones
Drilling by Vista Mines (TSE) and Cameco has extended two mineralized zones on the Batty-Graham gold property 15 km west of Flin Flon, Man. The drilling was designed to test a series of stacked sub-pa…
`Death of Mining’ excluded highly profitable Cominco
Publishers are sometimes prone to overstatement as evidenced by “The Death of Mining” cover on the December 1984 edition of Business Week, a leading United States financial publication. That cover sto…
Precious metal values intersected by Noront
Noront Resources (VSE) says recent drilling has intersected significant gold values on its Chisholm Island property in northwestern Ontario. The property, under option from Noranda Exploration, is sit…
Laser verifies deviation just 0.01% in 450-ft-deep hole, 8.5
An indication of the advances being made in diamond drilling is the remarkable success of a 450-ft- long vertical pilot hole recently drilled at Inco’s Crean Hill mine in Sudbury. The hole broke throu…