Mining plans postponed at Goldex’s Dubuisson
Toronto-based Goldex Mines (TSE) will continue to play wait and see with its Dubuisson Twp. property near Val d’Or, Que. After spending $13.4 million since 1985 on surface and underground exploration,…
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Buyers back after a round of profit-taking Toronto Stock Exchange
Buyers came back today after a short bout of profit-taking earlier in the week. Traders tacked 12.96 pts to the composite index which closed at 3567.84 pts on volume of 26.1 million shares. Despite a …
Pierce Mountain drilling Ferro mine property
Initial drill results from the Ferro Mine property near Snow Lake, Man. have Pierce Mountain Resources (VSE) confident new tonnage will be added to proven and probable reserves estimated by previous o…
LAC MINERALS
For 9-month period ended Sept 30, 1988. In millions of dollars, except per-share figures. 1988 1987 (as of (as of Dec 31/88) Dec 31/87) Assets $795 $750.1 Long-term debt $0.778 $66.0 R…
PLACER DOME INC.
For 9 month-period ended Sept 30, 1988. In millions of dollars, except per-share figures. 1988 1987 Assets $1,020.0 $584.2 Long-term debt $136.8 $96.1 Revenue $591.0 $603.1 Earnings …
CAMECO
For 9-month period ended Sept 30, 1988. In millions of dollars, except per-share figures. 1988 1987 Assets $1,500 N.A. Long-term debt $737 N.A. Revenue $500 N.A. Earnings (loss) $7…
RIO ALGOM LIMITED
For 9-month period ended Sept 30, 1988. In thousands of dollars, except per-share figures. 1988 1987 Assets $2,100.0 $2,000.0 Long-term debt $252.0 $270.0 Revenue $1,450.0 $1,110.0 Earning…
METALL MINING
For 9-month period ended Sept 30, 1988. In millions of dollars, except per-share figures. 1988 1987 (6 months ended Sept 30) Assets $483.0 $450.0 Long-term debt $18.8 $18.8 Revenue N.A…
Analysts’ Comments (January 30, 1989)
Record high metal prices made Falconbridge Ltd. (TSE) a prime takeover target in 1988, and if a bidding war ensues, it could give the nickel miner’s stock some upside potential, according to Toronto a…
Cominco on straight, narrow
Among the hardest hit during recession was the base metals sector in which a few commodities have yet to recover. And not surprisingly, its impact was totally indiscriminate, crippling both the small …
Mining deaths hit record low in 1988
1988 has set a new record low for mining fatalities ever recorded in the United States says the Mine Safety and Health Administration (MSHA) recently. A total of 100 mine fatalities in 1988 is a decli…
FALCONBRIDGE LIMITED
For 9-month period ended Sept 30, 1988. In millions of dollars, except per-share figures. 1988 1987 Assets $2,540.4 $2,457.8 Long-term debt $907.1 $825.8 Revenue $1,465.6 $905.9 Earnings (…