Teck earnings up (May 02, 1988)
For the quarter ended March 31, Teck Corp. (TSE) reported net earnings of $14.5 million or 18 cents per share compared to $6.7 million or 6 cents a year earlier. Six-month earnings ending the same d…
News
Galactic finances Ridgeway project
Vancouver-based Galactic Resources (TSE) and partner BP Minerals America have successfully negotiated a $56-million(US) gold loan to finance construction of the Ridgeway gold mine, at Ridgeway, S.C. T…
Dutch Creek core returns gold values
Some encouraging gold intersections have been returned from Dutch Creek Resources’ (VSE) Wisconsin property near Nelson, B.C. The company says that recent exploration work “encountered at depth the wi…
MSV, Placer pull rich core sample
Results from a drill hole on the Eastmain gold project in northern Quebec have management at MSV Resources (ME) and Placer Dome (TSE) smiling. Assays from hole 332-45 over a 32.6-ft length revealed an…
Hemlo buys into Windarra for Mishibishu-area play
Under two separate agreements Hemlo Gold Mines (TSE) has agreed to finance Windarra Minerals’ (VSE) participation in a major new gold project (N.M., March 21/88) near Wawa, Ont. Ultimately the pact co…
Cheni sets October date for start-up at Lawyers
A production start-up in late October has been announced by Cheni Gold Mines (TSE) for its Lawyers gold-silver property in the mountainous Toodoggone area of north-central British Columbia. President …
Rockford makes bid for outstanding Tyranex shares
Rockford Minerals (TSE), a Toronto-based exploration company with interests in the Larder Lake, Ont., area, is making a takeover bid for Tyranex Gold (COATS), the company said recently. Rockford said …
CROSS-CUTS Going it alone in the Yukon
Do you have the driving ambition to start your own little gold mine but lack the wherewithal to pull it off? There is help for you in the form of a paper entitled A Study into the Feasibility of Small…
Minnova awards feasibility study
The feasibility study for Minnova Inc.’s (TSE) Samatosum project, which includes joint venture partner Rea Gold Corp. (VSE), has been awarded to Kilborn Engineering of Vancouver. The study will determ…
Cambior to put Eldrich-Flavell into production
Cambior Inc. (TSE) has decided to put its wholly-owned Eldrich- Flavell property into production, President Louis Gignac said at the company’s annual meeting in Montreal. The mine, located about nine …
What’s New AUTOMATED SURVEYING
Geodimeter of Canada has fully automated the monitoring of walls in open-pit mines. The company’s total station survey system, the AGA 710, which is used for monitoring the structural stability of pit…
Metal Prices FUTURES PRICES (May 02, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May 90.05 88.50 89.35 — 5.55 Jun 89.00 89.00 …