Stop kicking a wounded industry
Tighten government spending? Slash the federal deficit? These appear but a daydream of Prime Minister Brian Mulroney. Certainly it’s a message that has not got through to the Canadian International De…
1986
MAPAO reports: Accidents are down but fatalities unacceptable
On the whole, Ontario’s mines are safer now than they’ve ever been, according to statistics published by the Mines Accident Prevention Association Ontario (MAPAO). Injuries resulting in lost time for …
New mineral branch director
John Wood has been appointed director of the new northwestern mineral development branch in Kenora of the Ontario Ministry of Northern Development and Mines. Mr Wood is the first mining director to be…
Queenstake adds $100,000 to its operating cash flow
Queenstake Resources says it has received $625,000 from a limited partnership for the funding of Yukon placer operating costs in exchange for a share of production and “certain tax benefits.” Presiden…
Mining conference Leoben, Austria
A national resource forum titled Canadian Mining Industry — Emerging Challenges and Opportunities will be held Sept 11-14 at Banff, Alta. The forum will examine future prospects for the industry and …
U.S. automakers use more zinc in fight against rust
The use of zinc-coated steel in the typical U.S.-produced automobile rose 23.2% during the 1986 model year, according to the New York based Zinc Institute. That’s the largest annual per- vehicle incre…
Back above $400 Gold’s glint catches public’s eye
The day gold surged past the $400(US)-mark last week was the day a Toronto stockbroker placed an ad in a financial newspaper for a seminar on “how to profit from the recent gold price moves.” It was a…
Record output for Galactic
Galactic Resources reports record monthly production in August from the Summitville gold mine in Colorado. Chairman Robert Friedland says in that month the mine produced over 9,000 oz, bringing total …
Obituary Leslie Hermiston
Leslie (Les) Hermiston, a prospector who like many others cut his teeth on silver during the heyday of Ontario’s Cobalt camp, has died at the age of 85. Mr Hermiston, a native of Cobalt, died at the h…
Newmont/G. Briar share drilling costs
Costs of a diamond drilling program near common boundaries between claims held by Newmont Exploration of Canada and Golden Briar Mines will be shared equally, the latter company says. The properties, …
Pancana profit slips
Pancana Minerals reports net earnings of $1,146,000, (24 cents a share after allowing for preferred share dividends) in the 6-month period ended June 30, compared with earnings of $2,008,000 or 50 cen…
Decline gets green light at Newhawk B.C. bet
Formal approval has been received by Newhawk Gold Mines for an underground decline at its Sulphurets property in northwestern B.C. As expected, Lacana Mining has agreed to fund its share of the projec…