Annual Nickel Review (November 01, 1988)
Nickel may not possess the glamorous appeal of gold and silver but, in 1988, the base metal did just fine without it. Because of an unusual set of circumstances in which record consumption combined wi…
News
Cross-Cuts COMPRESSED AIR, NATURALLY (November 01, 1988)
Cobalt, Ont., is justly Cfamous for its silver mines and the turn-of-the- century boom that made it the cradle of Canadian mining. It was a time of unbounded optimism and new developments in mineral p…
50 Years Ago MINING THE KEY TO CANADA’S FUTURE (November 01, 1988)
Canada, as the records in the bulky annual number of The Northern Miner revealed last month, is in the midst of a vast program of mineral development. Probably in no country in the world is mining and…
Annual Lead Review (November 01, 1988)
Lead surprised just about everyone when it averaged 27 (US) per lb on the London Metals Exchange during 1987, an increase over 18 in 1986. It was a turnaround year for the metal, the price of which ha…
Spot prices at a glance (October 31, 1988)
Week’s Price (US) Change Gold (per oz) $407.50 — $ 3.30 Silver (per oz) $ 6.25 — $ 0.07 Platinum (per oz) $539.00 Copper (per lb) $ 1.49 + $ 0.12 Lead (per lb)…
Nickel prices lift Inco to record
The profits keep rolling in for Inco Ltd. (TSE), which has recorded its third consecutive record for quarterly earnings. The nickel giant reported net earnings for the third quarter of $200.3 million …
Minnova increases 9-month earnings
Net income of $1.3 million (9 per share) was reported by Minnova Inc. (TSE) for the first nine months of 1988, compared with $880,000 (6 per share) for the same period last year. The company attribut…
Treminco’s Ptarmigan Mine Poised for Expansion
The Ptarmigan gold mine near Yellowknife, N.W.T., is proving to be a solid source of cash flow for Treminco Resources (TSE), a company managed by a board of directors almost entirely made up of former…
More encouraging results reported by Armistice Res.
More encouraging results have been reported by Armistice Resources (ME) from a hole drilled between 1,500 ft and 2,100 ft at the company’s gold project near Vir- giniatown in northern Ontario. Hole 12…
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…
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…