1988

After what seemed to be a long dry spell in discovery, War Eagle Mining put some zip back in the market when it reported a 275-ft interval grading 0.161 oz gold and 1.58 oz silver per ton from a depth…

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 …

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…

Pamorex Minerals (TSE) realized a profit for the second quarter ended Sept 30, of $731,000 or 5 per share. This compares with a loss of $294,000 or 1 per share in the same period last year. The profi…

The 12th Annual Open House and Review of Activities by the Newfoundland department of mines is scheduled to be held Nov 3 at the Newfoundland Hotel in St. John’s. The meeting is designed to make the m…

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 …

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…

This is proving to be a record year for base metal producers, particularly Cominco Ltd. (TSE). For the nine month period ended Sept 30, consolidated earnings were $128.3 million before including an ex…

I have noted with interest your editorial and recent correspondence which has appeared about “Centres of Excellence” in The Northern Miner. Frankly, a bandwagon approach is being taken about the centr…

LynnGold Resources (TSE) and Trans America Industries (VSE) have outlined gold reserves amenable to open pit mining on their Burnt Timber property, located seven miles southeast of Lynn Lake, Man. Bas…

Led by Inco, which reported net earnings of $200-million(US) in the 3-month period ended September 30, third-quarter results for base metal mining companies are showing excellent performances. Recentl…

Improved zinc prices and income from the Polaris mine in the Northwest Territories boosted net earnings for Pine Point Mines (TSE) to $43.9 million during the first nine months of 1988 from $21.4 mill…