B.C. mining task force warns of a bleak future
Established last year at the request of the British Columbia government, The Mineral Industry Task Force has concluded that the province “might not have a significant mining industry by 1996.” Its fin…
News
Brenda soars into the black
High tonnage with good grades and recoveries and low operating costs helped Brenda Mines to fourth quarter 1986 earnings of $4.5 million, or 97 cents a share, compared to a loss of $1,005,000, or 22 …
Belmoral turns profit in 1986
A profit of $1,378,000 (5.5 cents per share) for 1986 was recorded by Belmoral Mines compared to a loss of $7,081,000 (71 cents per share) in 1985. Revenue for the year was $27,152,000 on sales of 52…
EXPLORATION ’87 AGNICO-EAGLE
The primary emphasis of Agnico- TEagle Mines’ gold exploration division is on two principal groupings controlled by the Cominco/Agnico- Eagle joint venture: the Valest group (contiguous and northwest …
EXPLORATION ’87 FINNETH
FinNeth Exploration is engaged in a number of drilling programs on promising gold and base metal targets in the Abitibi and Eastern Twp. areas of Quebec. Currently it is seeking opportunities to part…
EXPLORATION ’87 HUDSON BAY
Hudson Bay Exploration & Development, a wholly-owned subsidiary of Hudson Bay Mining & Smelting, will be exploring for base metals in 1987. These activities will be confined to Manitoba and Saskatchew…
Noranda workers vote to accept new contract
Employees of Noranda Minerals, Horne Division and Chadbourne Division, on strike since Nov. 5 of last year, agreed to a new 3-year contract with the company effective Feb 23. The Rouyn-Noranda area wo…
ON THE MOVE University of Saskatchewan
Geologist Robert Kerrich has been appointed to the George J. McLeod Chair in Geology at the University of Saskatchewan. He was formerly professor of geology at the University of Western Ontario. Kerri…
Financing arranged
Noront Resources has arranged a flow-through financing with TAP Mineral Exploration Limited Partnership. The company will issue 127,000 shares at 73 cents per share. The funds will be spent on the Ol…
EXPLORATION ’87 (March 02, 1987)
Here, some of Canada’s major mining companies explain where their 1987 exploration funds are going. Gold fever has swept Canada. Never in history has so much money been spent looking for the precious …
ON THE MOVE Brunswick Mining & Smelting Corp.
John Moerman has been appointed senior vice- president of Brunswick Mining & Smelting Corp. He will be responsible for the mine, smelter and fertilizer divisions of BM&S. Also appointed were: Alan You…
Firms move to amend agreement
Hudson Bay Exploration and Development and Consolidated Callinan Flin Flon Mines have signed an agreement amending the previous joint venture agreement on their property located approximately one mile…