Lac earnings rise 20%
Third-quarter earnings for Lac Minerals (TSE) rose by 20% compared with the same period in 1987, while 9-month earnings this year were up by 34%. Earnings for the third quarter amounted to $12.2 milli…
News
Magma reduces employment
Magma Copper says it is reducing employment by about 7% at its San Manuel, Ariz., division and laying off approximately 200 hourly rated employees and a yet to be determined but proportionate number o…
COATS Trading Features (October 31, 1988)
Mining issues didn’t show much life in the COATS system this week. Tanager Resources was unchanged at 20 . The company recently announced it is negotiating joint venture financing to conduct more expl…
Minefinders building Dubuisson East tonnage
Drill-indicated reserves at the Dubuisson East property near Val d’Or, Que., are approaching 500,000 tons at an average grade of 0.17 oz gold per ton, Minefinders Corp. (VSE) reports. The deposit rema…
Montreal Exchange: Newest Cambior mine
A second production decision in 1988 has been announced by Cambior Inc., this time involving the Pascalis gold project located 15 miles east of Val d’Or, Que. Full production, 35,000 oz gold per year,…
Bull market for copper, no sign of slowing
The bull market in copper doesn’t seem to want to go away. The base metal, which was selling above $1.40(US) per lb at the end of 1987 and has been selling in the $1 range for a good part of this year…
Soocana completes exploration at Wawa
A follow-up exploration program is being planned by Soocana Explorations (COATS) for the company’s Blacksmith and Murray Algoma gold properties located 11 miles northeast of Wawa, Ont. The work return…
Research network proposed for exploration community
The exploration research community has submitted a proposal to the federal government to assist financially in establishing a national network that would carry out fundamental targeted research on new…
Kerr Addison quarter results
Kerr Addison Mines (TSE) had net income of $7.1 million or 41 per share for the nine month period ended Sept 30. During the same period in 1987, earnings per share totalled $1.03. The profits were gen…
Letters to the Editor land claims not dividing Yukon mining
Your issue of Oct 3, carried an article by Nancy Campbell describing some of the land claim concerns in the Yukon Territory (Land claims settlement divides Yukon mining industry.) While much of the ar…
Coeur d’Alene
The president of Coeur d’Alene Mines is bullish on silver. Dennis Wheeler told a New Orleans investment conference recently that he was optimistic “several fundamental factors will lead to higher silv…
Athena;s Talapoosa gold/silver project being evaluated by
Several consulting firms have been engaged by Athena Gold Corp. (VSE) to conduct independent verification of significant portions of the known data on its Talapoosa gold and silver property in western…