News

More encouraging results have been reported by Armistice Resources (ME) from a hole drilled between 1,500 ft and 2,100 ft at the company’s gold project near Vir- giniatown in northern Ontario. Hole 12…

Financing precious metals projects was the theme of a 2-day seminar at the Metro Toronto Convention Centre last week. The seminar, organized by the Institute for International Research, included 11 sp…

Third-quarter earnings for Lac Minerals (TSE) rose by 20% compared with the same period in 1987, while 9-month earnings this year were up by 34%. Earnings for the third quarter amounted to $12.2 milli…

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…

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…

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…

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 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…

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…

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 (…

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 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 …