OPINION — Low copper prices settle in
While mine closures have had the impact of reducing copper concentrate availability, the volume of production will be overwhelming in the second half of 1998 and throughout 1999. To have visible impac…
News
COMMENTARY — The value of the prospector (March 16, 1998)
.BWilliam SulzerThe prospector is the most useful man to commerce and the most valuable man of civilization.Political economists tell us that next to agriculture, mining is the next greatest industry….
EDITORIAL — The time for debt fight is now — Fiscal dividend wasted
Four years ago, the Canadian government recorded a deficit of $42 billion.This year, it is out of the red and into the black, a feat not accomplished in 50 years. South of the border, U.S. President B…
Barrick reports strong quarter
Major leaguer Barrick Gold (ABX-T) increased its fourth-quarter earnings by boosting production and lowering cash costs.In the three months ended Dec. 31, 1997, Barrick earned US$75 million, compared …
Canarc takes shine to Mexican prospect
Junior Canarc Resource (CCM-T) has acquired a polymetallic prospect on 19,600 ha of ground in the bourgeoning El Salvador area play in central Mexico.The property, known as Lobo 3, lies 20 km northeas…
IG expands in Myanmar
Indochina Goldfields (ING-T) has boosted minable reserves and production estimates at its Monywa copper project in the north-central plains of Myanmar.The project, which is jointly owned by IG and the…
Gold, zinc zones extended at Lew
Partners Thunderwood Resources (THS-T) and Consolidated Abitibi Resources (CAQ-M) have discovered more high-grade gold and zinc mineralization in drill core from their Lew property in northwestern Man…
Breakwater boasts robust earnings in latest quarter
An increase in revenue at the Nanisivik mine and higher throughput at the Mochito mine in Honduras are two factors which contributed to hefty profits for Breakwater Resources (BWR-T) in 1997.The base …
Meetings (March 16, 1998)
Mar. 16, Anglo-AndeanMar. 16, Channel ResourcesMar. 16, Int’l VestorMar. 16, ToscanaMar. 17, Eldon ResourcesMar. 17, ESM ResourcesMar. 17, GreenshieldMar. 17, Manson CreekMar. 19, GWR ResourcesMar. 19…
Richmont Mines nearly doubles revenues
Low gold prices may have hurt its earnings, but Richmont Mines (RIC-T) still enjoyed its sixth consecutive year of profitability in 1997.Revenue during the 12-month period nearly doubled, to $38.7 mil…
Lacklustre gold prices take shine off Agnico-Eagle
For 1997, Agnico-Eagle Mines (AGE-T) reported a loss of $121.6 million (or $2.83 per share), attributing the red ink to low gold prices. By comparison, the previous year saw the company earn $300,000 …
Aber and Diavik table plans for Lac de Gras diamond mine
Aber Resources (ABZ-T) and Diavik Diamond Mines, a division of Rio Tinto (RTP-N), unveiled a $875-million plan to build Canada’s second diamond mine.The mine site is situated 300 km northwest of Yello…