Bear market cost jobs (October 31, 1988)
The bear market combined with the spate of bank takeovers of Canadian brokerage firms is proving too much for some firms, which have been forced to cut back staff. Sources from London tell us that Sco…
News
Base metal miners show good earnings
Led by Inco, which reported net earnings of $200-million(US) in the 3-month period ended September 30, third-quarter results for base metal mining companies are showing excellent performances. Recentl…
Mt. Gibson gold mine expansion completed
Reynold Metals Company recently announced the completion of a major capacity expansion at its 50% owned Mt. Gibson gold mine in Western Australia. The expansion increases the mining and processing cap…
Asarco earnings up (October 31, 1988)
Strong copper and zinc prices are being cited as reasons behind the strong financial performance of Asarco Inc. (NYSE) for the third quarter ended Sept 30. For the period, the mining company made a pr…
Letters to the Editor Centres of excellence bandwagon
I have noted with interest your editorial and recent correspondence which has appeared about “Centres of Excellence” in The Northern Miner. Frankly, a bandwagon approach is being taken about the centr…
Cominco earns $128 million
This is proving to be a record year for base metal producers, particularly Cominco Ltd. (TSE). For the nine month period ended Sept 30, consolidated earnings were $128.3 million before including an ex…
Lornex boosts earnings
Unaudited net earnings of $44.2 million ($5.35 per share) for the first nine months of 1988 were recorded by Lornex Mining (VSE), compared with $26.8 million ($3.25 per share) for the same period last…
Nfld’s 12th annual open house
The 12th Annual Open House and Review of Activities by the Newfoundland department of mines is scheduled to be held Nov 3 at the Newfoundland Hotel in St. John’s. The meeting is designed to make the m…
Stronger zinc price lifts Pine Point net
Improved zinc prices and income from the Polaris mine in the Northwest Territories boosted net earnings for Pine Point Mines (TSE) to $43.9 million during the first nine months of 1988 from $21.4 mill…
Gold is the driving force in Newfoundland exploration
Gold continues to be the main driving force behind record levels of exploration activity being seen in Newfoundland this year. Several new and exciting gold plays have been stimulating the province’s …
Vancouver Stock Exchange Drill hole adds some zip to market
After what seemed to be a long dry spell in discovery, War Eagle Mining put some zip back in the market when it reported a 275-ft interval grading 0.161 oz gold and 1.58 oz silver per ton from a depth…
LaFosse Platinum acquires options (October 31, 1988)
La Fosse Platinum (TSE) has acquired an option on two properties in Quebec. The first was optioned from Kangeld Resources (VSE) which made a polymetallic d iscovery last summer. The Kangeld ground h…