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…
News
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…
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…
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…
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…
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…
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…
News in Brief (October 31, 1988)
The Canadian Centre of Mineral and Energy Technology (CANMET) has issued a call for papers and has announced the conference on surface crown pillar evaluation for active and abandoned metal mines on N…
Virginia Gold starts drilling campaign
A drilling program totalling 12,000 ft has been started on two properties in the state of Virginia in the United States, Virginia Gold Mines (ME) reports. The drilling will be performed on the Hughes …
Gold at Gilt Edge
The first dore button containing an estimated 207 oz of gold and 327 oz of silver has been poured at the Gilt Edge mine in the northern Black Hills area of South Dakota. The event marked the start-up …
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…
Teck nets $23 million in quarter
Teck Corp. (TSE) reports net earnings before extraordinary items of $23 million or 29 per share for the quarter ended Sept 30, 1988. This compares to $11 million or 12 for the same period a year ago…