Cominco Resources increases reserves at Lobo
The Maricunga gold district of northern Chile has at least one obvious parallel to Nevada’s Carlin district in that both regions have the kind of bulk tonnage gold potential that attracts or makes maj…
News
Noranda announces reserve figure at Mishibishu
Noranda Minerals President Keith Hendrick says Hemlo Gold (TSE), a Noranda subsidiary, has identified geological reserves of 1.7 million tons averaging 0.25 oz gold per ton on Central Crude’s (VSE) Ea…
BP Canada acquires Newfoundland option
An option to acquire four blocks of land comprising 120 claims in north-central Newfoundland has been acquired by BP Canada (TSE) from St. John’s promoter-prospector Lew Murphy. The property, which in…
FALCONBRIDGE LIMITED
For 9-month period ended Sept 30, 1988. In millions of dollars, except per-share figures. 1988 1987 Assets $2,540.4 $2,457.8 Long-term debt $907.1 $825.8 Revenue $1,465.6 $905.9 Earnings (…
Metal Prices (January 30, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 24 Jan 23 Jan 20 Jan 19 Jan 18 Copper …
Cliff Resources completes merger
Cliff Resources (TSE) of Toronto reports that it has achieved final completion of its merger arrangement with Canaustra Gold Exploration (VSE). The merger, given shareholder approval earlier this mont…
ECHO BAY MINES
For 9-month period ended Sept 30, 1988. In millions of U.S. dollars, except per-share figures. 1988 1987 Assets $790.1 $534.4 Long-term debt $155.5 $77.2 Revenue $191.6 $155.9 Earnings …
NORANDA INC.
For 9-month period ended Sept 30, 1988. In millions of dollars, except per-share figures. 1988 1987 Assets $5,699 $8,258.6 Long-term debt $2,167.0 $1,706.0 Revenue $6,578.0 $7,366.2 Ear…
Metal Miners welcome the pressures of prosperity
Mining companies are riding the crest of the economic cycle these days, operating near full capacity and getting the best prices in years for most metals. Base metal miners are enjoying prosperity the…
Rio Algom’s corporate strategy emphasizes mining
Rio Algom Ltd. (TSE) has been in a transition period since late 1987 when its former chairman, George Albino stepped down. His departure represented a major turning point for the company, which has si…
Galore Creek area very active
Sparked by a number of important gold discoveries in recent years, exploration activity in northern British Columbia has reached record levels — and it could get busier. The latest region to heat up …
N.A. Rare/Dundee Palliser close to Vezza gold deal
Partners North American Rare Metals (VSE) and Dundee-Palliser Resources (TSE) are on the verge of a major break through at the Vezza Twp. gold property in northwestern Que. where underground explorati…