ICA elects three new members
Recently the International Copper Association elected three member companies at its board of directors’ spring meeting in New York City. They are Escondida Limitada from Chile, Ok Tedi Mining from Pap…
News
Cominco’s quarterly profit down sharply from last year
A consolidated profit of $7.3 million was reported by Cominco (TSE) for its 1991 second quarter ended June 30, compared with earnings of $23.2 million in the second quarter of 1990. The Mining and Int…
Westmin decides to mine Gap zone at Myra Falls
Management of Westmin Resources (TSE) recently decided to start development access of the Gap zone from the 18 level in the H-W mine at its Myra Falls mining operation near Campbell River, B.C. The Ga…
Toronto Stock Exchange Indices (August 05, 1991)
July 30 July 29 July 26 July 25 July 24 High Low Composite “300” 3548.86 3530.27 3524.72 3523.56 3518.62 4009.47 3009.91 Metals & Minerals3249.29 3209.89 3205.15 3229.12 3212.25 3453.06 2502.63 Integr…
Dickenson boosts earnings despite lower gold production
Lower gold output at its Arthur White mine near Red Lake, Ont., hasn’t prevented Toronto-based Dickenson Mines (TSE) from improving its earnings in the second quarter and first half of this year. In t…
Spot prices at a glance (August 05, 1991)
Week’ Price (US) Change Gold* $363.60 -$ 3.40 Silver* $4.07 -$ 0.16 Platinum* $362.00 -$12.25 Nickel** $3.67 -$ 0.08 Lead** $0.25 $ 0.00 Copper $1.02 +$ 0.02 Zinc $0.48 $ 0.00 Courtesy of Scotiabank. …
Guest Column (August 05, 1991)
At the turn of this century, Sir Wilfrid Laurier asserted that the 20th century would mark the coming of age of Canada as an economic power. Some 50 years later, Prime Minister John Diefenbaker espous…
Echo Bay sets Swiss bond terms
Denver-based Echo Bay Mines (TSE) recently started to convert its Swiss franc 3.87% bonds due 1996 into common shares. The conversion offer will expire Oct. 28. At the option of the bondholders, each …
Aquagold agrees to merger
Aquagold Resources (ASE) has agreed in principle to merge with Mosher Limestone Co., a Nova Scotia company already involved in the industrial minerals field. If the merger is completed in 10 weeks as …
Renabie yielded 1.1 million oz. at a bit less than break-even
The Renabie mine, perched on a height of land separating the Atlantic watershed (via the Great Lakes) and the Arctic watershed about 200 km west of Timmins, Ont., proved to be a demarcation point for …
Trimin ready to back Rea with $6.5-million investment
If a recently announced deal is completed, Rea Gold (TSE) could receive up to $6.15 million in financing from Trimin Resources (TSE). Under the agreement, a wholly owned subsidiary of Trimin will buy …
Snip bucks trend, trouble-free start beats expectations
The Canadian mining industry has suffered a few black eyes in the past several years because a number of high-profile projects failed to live up to expectations and were either written down in value o…