Cominco loss affects Teck earnings
Low zinc and lead prices led to lower earnings for Teck (TSE) in the 1993 second quarter ended June 30. Net earnings of $3 million for the period were down considerably from $12 million a year earlier…
News
In the trough — Inco hammered by nickel price
Low nickel prices continue to take their toll on Inco (TSE), which reported losses of US$2.2 million (3 cents per share) for the second quarter and US$24.8 million (25 cents per share) for the six mon…
Noranda earnings take a tumble
The earnings of Noranda (TSE) tumbled during the second quarter to a net profit of $1 million for the three months but a per-share loss of 7 cents after preferred share dividends. For the same quarter…
NEWS ROUNDUP — Deak to reopen Kerr mine
Underground mining at the Kerr gold mine in Virginiatown, Ont., will be reactivated immediately, reports owner Deak Resources (TSE). Although mining has been suspended since February, ore has neverthe…
RCMP lays new Westray charges
New, more precise charges of criminal negligence and manslaughter have been laid against Curragh (TSE) and two former managers of the Westray coal mine in Nova Scotia. The latest charges were filed by…
NEWS ROUNDUP — Jarvis completes production trials
Vancouver-listed Jarvis Resources has completed production trials at its natural marble processing plant near Sudbury, Ont. The high-capacity automated processing lines, imported from Europe and insta…
LETTERS TO THE EDITOR — Editor’s Note:
Investment newsletter writer Paul Sarnoff in his July 7 issue criticized Canadian diamond exploration. Clearly not a believer, Sarnoff said, among other things, it would be 100 years before a diamond …
COMMENTARY — Copper, zebra mussels don’t mix
A university of Toronto study has found that copper surfaces are effective in preventing zebra mussel attachment. Working at a Lake Erie test site, Professor Jan Spelt of the U of T’s mechanical engin…
LETTERS TO THE EDITOR — Ignore Sarnoff’s diamond warning,
I feel that The Northern Miner is the logical spot to comment on the article in the Gold Stock Advisory by Paul Sarnoff, dated July 7. For those who did not read “Canadian Diamond Stocks Can Be Danger…
ODDS’N’SODS — Airplanes and prospecting (1)
If you were in Red Lake, Ont., last summer, you were probably at Norseman Days, or at least heard about them. About mid-July, the northwestern Ontario town dedicated Norseman Heritage Park, the culmin…
Spot prices at a glance (August 02, 1993)
Week’s Price (US) Change Gold* $391.80 + $0.20 Silver* $ 5.07 + $0.02 Platinum* $405.60 + $1.85 Nickel** $ 2.24 + $0.02 Lead** $ 0.18 $0.00 Copper $ 0.88 + $0.02 Zinc $ 0.42 – $0.01 Courtesy of Scotia…
STOCK MARKETS — Diamond issues stable in spite of market
A weak upward bounce by several diamond issues was not enough to overcome the general malaise on western markets. The Vancouver Stock Exchange resource index slipped more than 23 points to finish at 1…