Alberta Stock Exchange Betts Cove ups Bitech
Drill results from what looks like the one of the best gold discoveries to date in Newfoundland, lead to a cease-trading order early in the week for property-holder Bitech Energy Resources. When news …
News
Low prices, high taxes killing B.C. coal industry, says report
Low coal prices and high taxation have had a devastating impact on British Columbia’s coal mining industry, according to a report by The Coopers & Lybrand Consulting Group. The industry’s return on co…
Open pit reserve outlined by LynnGold in Manitoba
LynnGold Resources (TSE) and Trans America Industries (VSE) have outlined gold reserves amenable to open pit mining on their Burnt Timber property, located seven miles southeast of Lynn Lake, Man. Bas…
Pamorex earnings
Pamorex Minerals (TSE) realized a profit for the second quarter ended Sept 30, of $731,000 or 5 per share. This compares with a loss of $294,000 or 1 per share in the same period last year. The profi…
Queries 1958 shares
I have some old share certificates for the Consolidated Mining and Smelting Company of Canada, which my late husband purchased in 1958. I am trying to settle the estate and would like to know where I …
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…
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…