Magma reduces employment
Magma Copper says it is reducing employment by about 7% at its San Manuel, Ariz., division and laying off approximately 200 hourly rated employees and a yet to be determined but proportionate number o…
News
Letters to the Editor 16 died at Paymaster
I have been a fond reader of The Northern Miner for years and noticed (N.M., Aug 29/88) where Richard Buell quotes about the accident at the Paymaster mine in his Timmins report, and about Black River…
THE SEARCH FOR SILVER
As a precious metal, silver has suffered a sad fate: Not only has it always stood in the shadow of its renowned cousin, gold, but now it garners less and less attention as the platinum group metals gr…
Cassiar Mining profit boosted by purchase of Similco mine
With its recently acquired Similco copper mine (N.M., Oct 10/88) contributing $5.9 million to third quarter earnings, 1988 is shaping up to be a very profitable year for Cassiar Mining (TSE). Net earn…
Teck nets $23 million in quarter
Teck Corp. (TSE) reports net earnings before extraordinary items of $23 million or 29 per share for the quarter ended Sept 30, 1988. This compares to $11 million or 12 for the same period a year ago…
Letters to the Editor Deaths of two miners an accident
We were appalled by the tone of your editorial comment on the recent deaths of two miners at the Denison-Potacan potash mine in New Brunswick. We have been fortunate enough to visit that operation fre…
ERG opens huge tailings project (October 31, 1988)
An ambitious 17-year mine tailings project which could see the recovery of 110,000 oz gold during the first full year of operation in 1989 has been officially placed into production by ERG Resources (…
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…
Gold is the driving force in Newfoundland exploration
Gold continues to be the main driving force behind record levels of exploration activity being seen in Newfoundland this year. Several new and exciting gold plays have been stimulating the province’s …
Falconbridge profit
Falconbridge Ltd (TSE) realized earnings of $87 million or $1.16 per share for the third quarter ended Sept 30. This compares with earnings of $19 million or 26 per share realized in the same period …
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…
COATS Trading Features (October 31, 1988)
Mining issues didn’t show much life in the COATS system this week. Tanager Resources was unchanged at 20 . The company recently announced it is negotiating joint venture financing to conduct more expl…