Cove bid pays off for Echo Bay
There is obviously an element of luck in whether or not a deposit turns out to be large. But only if a company is out there rolling the dice does it stand a chance of winning big. At the McCoy/Cove go…
News
Equity Silver moves solidly into the black
Moving solidly into the black this quarter was Equity Silver Mines (TSE) which posted a profit of $1.1 million or 3 cents per share compared to a loss of $1.7 million or 7 cents per share last year. …
Inco setting up a separate division for specialty powders
Inco Ltd. (TSE) reports it has set up a separate business unit to manage and develop operations related to a series of nickel powders and other powder products. The new unit, to be known as Inco speci…
Steel’s short-term outlook favorable
The short-term outlook for steel appears favorable. The International Iron and Steel Institute forecasts demand for crude steel in 1988 will reach 764 million tonnes, 10 million tonnes above last year…
Malartic Hygrade looking to boost gold production
Aiming to increase its annual gold production to the 100,000-oz level, Malartic Hygrade Gold Mines (Canada) (VSE) is looking to acquire mines at or near production, says President Marc Henderson. Hend…
Investment comment TVX offers exposure to S. America
While car manufacturers and high tech specialists look to Japan and the Far East for innovation and higher productivity, precious metal mining companies, regard South America as the new land of opport…
Belmoral Mines looks ahead to improved gold output
Although Belmoral Mines (TSE) had record earnings in 1987, both income and production were lower than expected. The company continues to look ahead, and is projecting gold output of 97,000 oz in 1990….
Atlantic Report Tin operation back on track
The East Anglia Kemptville, N.S., tin mine is back on track, with improved recoveries and a daily milling capacity greater than originally planned, according to manager Ken W. Collison of the Rio Kemp…
Rio Algom and Falconbridge win safety, first aid awards
Rio Algom’s Panel mine at Elliot Lake, Ont., has become the only North American mine in the world to hold a 5-star rating in the International Safety Rating System. The 5-star standing, announced by t…
Beardmore mill offically open
Official opening ceremonies for a gold mill in the village of Beardmore, Ont., were held this week by Ateba Mines (TSE) of Toronto. The company is using an ore sorting machine to upgrade mine waste du…
Muscocho/Echo complete deal
Muscocho Explorations (TSE) and Echo Bay Mines (TSE) say they have completed a private placement agreement designed to finance development at a number of projects including the Magino gold property ne…
Alberta Sotck Exchange Mohave trades high
An announcement that Mohave Gold has delivered a letter of intent to buy and Nevada-based gold/silver producer called Canyon Development Mining Inc., made Mohave one of the most active traders. With 4…