osscuts BIG IS BEUTIFUL
In narrow-vein underground gold mining, recent equipment innovations have reflected “the small-is- beautiful” principle. In open pit coal mines, behemoths rule. Take, for example, the next generation…
1989
Letters IS THIOUREA DEADLY?
In the second paragraph of Norm Avery’s article, “The Thiourea Option” (May, 1989, issue), he states in reference to thiourea, “it is not carcinogenic in man * * .” I am seeking the basis for this rat…
Old-timers
I was interested by your open query in the August, 1989, issue, as to the longest-operating mine in the world, because I have worked at the Dome mine in northern Ontario and also at two mines in Europ…
International PLACER DOME’S BIG BELL
In early June, heavy rainfall turned Imuch of Western Australia into a Igiant mud puddle, creating problems for at least two industries in the outback — sheep farming and mining. With fresh water out…
Zinc SOFT LANDING
Zinc market conditions are extremely tight. The sharp slowdown in the auto sector combined with less buoyant consumer spending overall will act to decrease zinc demand sharply * The new mines coming o…
lead ON THE WAY DOWN
Lead prices have been trending upward since 1985 and currently stand at 42 cents (us) per lb. We expect slumping automobile sales and new mine production to bring them back down to 38 cents (us) per …
FINANCING (October 30, 1989)
ONTARIO Barytex Res — opt exerc on 400,000 @ 24 cents per sh Global-Pacific Minerals — 600,000 sold for gross $210,000 Digger Res — opt exerc on 150,000 @ 50 cents per sh Ezekiel Expls — 750,000…
Galactic gets funds
Galactic Resources (TSE) has received proceeds of $12.58 million from a private placement of units completed by Yorkton Capital Markets (Overseas) Ltd. Each unit is exchangeable for one common share a…
Golden Terrace to merge assets with Stan North
Soft gold prices and a lack of interest in the junior exploration market have combined to bring Toronto-based explorers Golden Terrace Resources (TSE) and Stan North Mining together in a proposed merg…
COATS (over-the-counter) Carolin drops 10 cents
Several junior gold exploration issues gave up some ground on COATS this week. Slipping by 10 cents was Carolin Mines which closed at 35 cents after a total of 22 trades. The shares of Dartmouth-bas…
Hedging helps Barrick’s earnings
American Barrick Resources (TSE) continues to reap the rewards of a lucrative hedging program that has sheltered the Toronto gold producer from softer precious metal prices. While the price of gold av…
Shaft changeover helps to reduce Brunswick earnings
The changeover to a deepened shaft and a maintenance shutdown are among the reasons given by Brunswick Mining and Smelting (TSE) for reduced third-quarter net earnings. The Noranda affiliate recorded …