Trends in underground drilling
When hydraulic drills were introduced in the early 1970s, productivity shot up to an estimated 107 tonnes per man-hour. That compares with 13 tonnes per man-hour produced using the hand- held pneumati…
News
Royex, Glen Auden in Peltrie deal
Toronto-based Glen Auden Resources, Golden Dragon Resources and Mineta Resources says they have entered an agreement allowing Royex Gold Mining to earn a 50% interest at the Massicotte and La Peltrie …
Key Anacon Mines, four affiliates improve earnings
Five Saint John, N.B., companies which share management personnel and are part of the Irving group all report improved earnings for 1987. Key Anacon Mines (TSE), with more than 500,000 shares in Bruns…
50,000 oz gold a year is new Queenston target
A minimum production target of 50,000 oz gold a year has been set by Queenston Gold Mines (TSE), for about the fall of 1990, when the company reaches its 50th birthday, shareholders were told at the c…
Montreal Exchange: Firms in agreement
The management teams of gold- producer Louvem Mines and St. Genevieve Resources appear to have reconciled their differences, following a bid by the latter to acquire up to 4.8 million additional commo…
Bongard helps Black Cliff buy 38% of own shares
Toronto-based Black Cliff Mines (TSE) and Toronto financier C. S. Bongard have signed an agreement to purchase all the outstanding Black Cliff shares currently held by Canhorn Mining (TSE) and Great H…
Glimmer optimistic at Barnet Twp. bet
Thirteen diamond drill holes at the 132-claim gold property of Glimmer Resources (VSE) in northeastern Ontario have yet to uncover any great tonnage, but there is plenty of area left to explore, share…
World Non-ferrous Metals mining map now available from West
A new World Mining Map of Non- ferrous Metals which is claimed for the first time to include centrally- planned-economy countries, is now available from a West German publisher. The map package, which…
Equity Silver turns profit
It’s been a long difficult struggle for Equity Silver Mines (TSE) since production began over six years ago and things probably aren’t going to change. But the company is finally earning money ($3.6 m…
Spot prices at a glance (May 02, 1988)
Week’s Price (US) Change Gold (per oz) $449.10 — $ 8.90 Silver (per oz) $ 6.37 — $ 0.10 Platinum (per oz) $518.50 — $16.50 Copper (per lb) $ 0.97 — $ 0.03…
What’s new Clarification
In our January issue we announced that Wagner Mining Equipment of Portland, Ore., is marketing an electrical-powered scoop equipped with a 1/2-cu-yd bucket and a diesel-powered scoop of the same size….
Managing THE LIMITATIONS OF COMPUTERS
“First get it through your head that computers are big, expensive, fast, dumb adding-machine-typewriters. Then realize that most of the computer technicians that you’re likely to meet or hire are comp…