NO END IN SIGHT
When Brunswick’s No. 12 mine Wcame into production at a rate of 4,500 tonnes per day in 1964, a mine life of about 25 years was forecast. Today, 25 years later, mining at a rate of 10,500 tonnes per d…
News
Books Arizona copper industry
The annual report on Arizona’s copper industry covering the year 1987 is now available. Special Report No 14, The Primary Copper Industry of Arizona in 1987 covers production, stripping ratios, ore gr…
Ontario’s gold miners hardest hit by MISA
The toughest environmental legislation on the continent is said to be in California. But Ontario’s Environment Minister, James Bradley acts as if he is trying to better the Golden State. Ontario’s Mun…
Kingswood options Mid-North prospect
An option to acquire a 55% interest in the Bourlamaque property of Mid-Canada Gold and Copper Mines (ME) in northwestern Quebec has been acquired by Kingswood Explorations 1985 Ltd. (ASE). Kingswood m…
Cameco earns $52 million
Cameco — A Canadian Mining and Energy Corp. realized earnings of $52.8 million on sales of $236.5 million in 1988. The company, which was formed from the merger of Eldorado Nuclear and the Saskatchew…
Editorial Government help
Government — seems you can’t live with it and you can’t live without it. A couple of cases of government involvement — or lack of it — have come to mind recently warranting a pat on the back to th…
Cambior offers to purchase half of Louvem gold mine
Small Quebec gold producer Louvem Mines (TSE) has received an offer to sell a half interest in its Chimo mine near Val d’Or, Que. Cambior Inc. (TSE) has entered into an agreement-in-principle to buy a…
Battle Mountain buys offshore gold reserves
As part of an aggressive exploration and acquisition foray into the international arena, Battle Mountain Gold (TSE) has acquired a stake in two separate gold mining ventures which it expects will prov…
CoCa Mines reports decline in earnings
Earnings of $184,500(US) or 2 cents per share were realized by CoCa Mines Inc. (NASDAQ) from revenues of $13.58 million for the year ended Dec 31. The Denver-based company reported net income of $2.23…
Inco Gold wants production growth
Inco Gold, a unit of the giant Sudbury nickel miner Inco Ltd., (TSE) has its sights set on becoming a major player in the world’s gold fields. Established in 1987 as an unincorporated business unit, t…
Sonora bets on turnaround at Jamestown gold project
Even though Sonora Gold Corp. (TSE) recently announced a $50.6- million write-down in the carrying value of its Jamestown gold mine in California, the company remains optimistic about the future of th…
Short-term outlook bullish for pricy zinc
Look for high prices for zinc to hold up at least for a while longer, say a couple of analysts. Raymond Goldie of the investment firm Richardson Greenshields says the short-term outlook for zinc, whic…