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 …
1988
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…
Financing gold projects topic of seminar
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…
Corona launches its first wholly-owned U.S. mine
Corona Corp. (TSE) has established its first, wholly-owned beachhead in the United States. The Santa Fe open pit, heap leach operation, several miles southeast of here, was officially launched as a go…
PRODUCER PRICES Metal Prices (October 31, 1988)
ALUMINUM: MW U.S. Market $1.055-$1.095 per lb. (Oct 20, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $5.90-$6.00 per lb. (Oct 20, 1988). CADMIUM: New Y…
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 …
Orofino drill program completed
A 10,000-ft drill program has been completed by Orofino Resources (TSE) on the company’s Coronation Gulf gold property in the Northwest Territories. The property is held under option from Canuc Resour…
Third-quarter output drops for Hemlo Gold
A lower gold output and higher operating cost were reported by Hemlo Gold Mines (TSE) for the third quarter of 1988 compared with the same period last year. Hemlo Gold, controlled by Noranda Inc. (TSE…
Forbex-Cambior deal
Close to earning a 50% interest in the Stadacona-East property near Rouyn-Noranda, Que., from Forbex Inc., (ME) is Cambior Inc. (TSE). Under an agreement signed in June, 1987, Cambior earned the right…
Stronger zinc price lifts Pine Point net
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…
Brunswick earnings
Net earnings from operations of $6.76 million (19 per share) were reported by Brunswick Mining and Smelting (TSE) for the third-quarter of 1988 compared with $17,000 for the same period last year. Val…
Ounces up at Dickenson’s Red Lake Mine
Toronto-based Dickenson Mines (TSE) has reported increased gold production from its Red Lake mine during the third quarter. Gold production at the Arthur White Mine for the first nine months of this y…