TAX ANGLES A matter of interest for investors
All resourceful investors know the advantages of having the interest expense on borrowed funds deductible for income tax purposes. The actual out-of-pocket cost is thereby reduced by tax relief at mar…
Articles by Northern Miner Staff
Giant profit up on price, output
Better gold prices and higher production helped propel Giant Yellowknife Mines to a first quarter profit of $3,516,000 or 50 cents a share, compared with earnings of $469,000 or 11 cents a share in …
Joe Mann mine adds Chibougamau glitter
It has been drowned and dewatered three times in its troubled 30-year history, but the Joe Mann gold mine here in northwestern Quebec is once again producing the yellow stuff. Moreover, production at …
WHAT’S NEW OPEN PIT EQUIPMENT New Hydraulic Shovel
Hitachi Construction Machinery of Brampton, Ont. , has introduced into the Canadian market a new hydraulic mining shovel, the EX3500. Incorporating advanced technology such as a computer-aided engine-…
WHAT’S NEW Milling equipment Vertical conveyor saves space
Stephens-Adamson, an Allis-Chalmers company, has introduced a new high-angle conveyor belt designed to save space in mills and concentrators. The company has also introduced a number of new conveyor b…
WHAT’S NEW OPEN PIT EQUIPMENT New Scraper
Wotco of Casper, Wy., has introduced a new auger-scraper for use with the Caterpillar 615 wheel tractor. The new 16AS scraper self-loads up to 16 cu yd of material in about one minute. Material flows …
Asbestos research program launched
An $11-million research and development program for Canada’s troubled asbestos industry has been launched by the federal and Quebec governments. The money will be spent over a 4-year period, with Otta…
Books (June 01, 1987)
GOLD — History and Genesis of Deposits by Robert W. Boyle of the Geological Survey of Canada, Ottawa, Ont. Hardback, 676 pages, ISBN 0-442-21162-7, $76.45(C), Macmillan of Canada, 164 Commander Blvd,…
Can-Mac funded for exploration
A total of $1.8 million of flow- through share financing has been arranged by Can-Mac Exploration for the 1987 and 1988 exploration seasons. The cash will fund exploration work on several properties i…
Sees merger benefits for Dome Mines, Campbell
“The advantages (of the proposed Placer-Dome-Campbell merger) will far outweigh the disadvantages,” Dome Mines Chairman Fraser Fell assured The Northern Miner, following the annual meetings of Dome an…
CROSS-CUTS Know a lot about gold?
Think you know a lot about gold? Well, it’s probably not as much as Will Felderhof, president of Jascan Resources and a managing director of A.C.A. Howe International, a mining and exploration consult…
WHAT’S NEW OPEN PIT EQIPMENT Truck Bed Liners
Heavy-duty truck bed liners, constructed of vulcanized layers of 60- durometer rubber have been introduced by Semperit Industrial Products of Montvale, N.J. Compared to steel liners, these liners offe…