Cassiar earnings $22.2 million
Cassiar Mining (TSE) reported net earnings of $22.2 million or 95 cents per share (fully diluted), compared to $3.7 million or 19 cents a year earlier. The company’s Similco copper mine contributed …
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Inco looks to fifth record quarter results
Inco Ltd. (TSE) is expecting its best quarter ever this year for the period ended March 31. The world’s largest nickel miner says this quarter’s results will represent its fifth consecutive record qua…
Baloil reports good results from old Kootenay producer
Calgary-based oil producer Baloil Resources (ASE) which recently diversified into metal exploration has reported some encouraging results from its Sumit claims in the Kootenay, B.C. region. Baloil is …
McFinley looks for partner as rights offering tabled
Short of cash and under threat of takeover, Toronto-based McFinley Red Lake Mines (TSE) is looking around for a joint venture partner to assist in completing a bulk sample at its Bateman Tw gold proj…
Toronto Stock Exchange Volumes and indices decline in quiet trading
A week of directionless trading was capped with a small 2.61-pt loss which moved the composite index to 3622.13 pts. Rising interest rates have dampened investor enthusiasm which was reflected in toda…
Step-out hole hits new copper mineralization At Sheep Creek
Buoyed by good results from recent diamond drilling on the Sheep Creek copper project in Montana, Cominco Resources International (TSE) is accelerating its $1.4 million 1989 exploration program. The p…
New rules mean heavy costs to monitor mine effluent
Ontario mines will face some heavy expenditures this year when senior levels of government require them to begin a more intensive program of monitoring waste water discharged into lakes, rivers and st…
Hope Brook mill 4-week shutdown could hurt output
Milling operations at the Hope Brook Gold (TSE) mine in Chetwynd, Nfld., resumed recently after the company completed modifications to its effluent treatment facilities. But general manager Bill Fothe…
Montreal Exchange No pattern to trading
Mixed trading characterized the week on the ME, with a province- wide power failure slowing activity considerably on one trading day. The Monday morning blackout prevented the exchange from functionin…
Hudson Bay mining Chisel Lake crown
Zinc ore production from the crown pillar at the Chisel Lake mine in Snow Lake, Man., has hit its scheduled pace. Owner and operator Hudson Bay Mining & Smelting (TSE) reached planned production rates…
High-tech uses for platinum group metals
(Editor’s note: The following is the second of a 2-part series on platinum group metals. The first part, published last month, focused on palladium.) The four other platinum group metals (pgm) — rhod…
Vancouver Stock Exchange Brokers still bullish on gold
Just when it seemed gold was firming up nicely, the yellow metal backed off several dollars at press time and effectively put the damper on hopes gold issues would soon get off the back burner. Base m…