Royalty twins see mixed earnings
Lower gold prices have left Franco-Nevada Mining (FN-T) with lower earnings for the 6-month period ended Sept. 30, compared with the corresponding period of 1997, whereas sister company Euro-Nevada Mi…
News
CORRECTION (November 23, 1998)
The Tarmoola gold mine in Australia is owned and operated by Pacific Mining, a public company listed on the Australian stock exchange, rather than Teck (TEK-T), as reported in our issue of Nov. 2-8. H…
Dayton records operating loss
Although the Andacollo mine in central Chile is breaking previous production records, its owner, Dayton Mining (DAY-T), posted a third-quarter loss of $3.2 million (or 12 cents per share) on revenue o…
EDITORIAL & OPINION — GUEST COLUMN — Being heard on the Hill
On Nov. 24, more than 40 mining delegates from across Canada will travel to Ottawa to participate in Mining Day on the Hill. From CEOs of mining companies to mayors of mining towns, these delegates sh…
Low prices hit Sherritt
The financial performance of Sherritt International (S-T) has always served as an effective barometer of the state of the nickel and cobalt industries. This year was no exception: as might be expected…
Companies (November 23, 1998)
Aber ResourcesAfriOreAllican ResourcesAnzex ResourcesArgent ResourcesAshanti GoldfieldsBarrick GoldBema GoldBlack Hawk MiningBlack Swan Gold MinesBolidenBotswana DiamondfieldsCalliope Meta…
Meetings (November 23, 1998)
Nov. 23, Copperstone Nov. 23, Gulf Int’l Nov. 23, Newstar Nov. 23, Profile Nov. 23, Teryl Nov. 24, Alamos Nov. 24, ESM Res. Nov. 24, GHP Nov. 24, Profco Nov. 24, Wellington Cove Nov. 25, Big Valley No…
MINING MARKETS & INVESTMENT NEWS — WESTERN MARKETS — Madison, Redwood bright spots in glum market
The Vancouver Stock Exchange composite index dropped 4.12 points, or 1%, to close the Nov. 11-17 report period at 401.03. The mining index slipped below the 300 mark, falling 7.57 points, or 2.5%, to …
Losses begin shrinking at Campbell
The first nine months of 1998 have seen an improved financial picture for gold producer Campbell Resources (CCH-T), as falling expenses offset decreased revenues from gold production.In the three mont…
Ground problems halt production at Myra Falls — 4-month suspension to allow rehabilitation of workings
Poor ground conditions, which led to lower-than-expected grades at the Myra Falls mine near Campbell River, B.C., have forced Boliden,/C> (BOL-T) to suspend production and devote the mine’s resources …
McClean Lake on track
Following a brief delay, French-owned Cogema Resources has renewed construction of a tailings plant at its McClean Lake uranium project in the Athabasca Basin, Sask.Development was suspended in mid-Oc…
Partners secure US$600m for Antamina project
Campania Minera Antamina, a Peruvian subsidiary held jointly by Rio Algom (ROM-T), Noranda (NOR-T) and Teck (TEK-T), has signed a commitment with an international banking syndicate for US$600 m…