Orion start-up costs cut Malartic earnings
Start up costs at Malartic Hygrade’s (VSE) Orion gold mine near Val d’Or, Que., and an unrealized U.S. dollar exchange loss, reduced the company’s earnings during the first half of 1988, Malartic anno…
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Aur earnings decrease
On target to begin production at the Kierens zone gold deposit near Val d’Or, Que., later this month, Aur Resources (TSE) of Toronto has reported a drop in its 9-month earnings. Earnings before deferr…
Vancouver Stock Exchange Brokers’ phones starting to ring
August went out like a lamb, and September came in like one too, but brokers do say the phones are beginning to ring now that the holidays are over. While the momentum doesn’t appear to exist for a bo…
Metal Prices PRODUCER PRICES (September 12, 1988)
ALUMINUM: MW U.S. Market $1.27-$1.29 per lb. (Aug 25, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.15 per lb. (Aug 25, 1988). CADMIUM: New Yor…
Newmont’s Carlin output could rival South Africa
Predictions that the Carlin gold belt of here could eventually rival South Africa as a gold producer can’t be discounted given the reserves found there by companies like Newmont Gold Company. As The N…
Inco consolidating 3 mill operations
The consolidation of three milling and concentrating operations in the Sudbury, Ont., area will be carried out by giant nickel producer Inco Ltd. (TSE) at a capital cost of $69 million. Affected by th…
Uranium’s future tied to political events
Global uranium production is expected to remain below consumption for several more years as inventories are depleted, writes Nuexco, a uranium brokerage firm in the United States, in a recent monthly …
Metal Prices FUTURES PRICES (September 05, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sep 102.40 101.40 101.60 + 1.55 Dec 100.20 98.80 99.50 + 1.50 Mar 95.40 94.50 …
Investment comment Juniors mining stocks still offer bear market
The current bear market may have driven down the appetite of retail investors for junior mining stocks, but there are still some juniors out there to keep an eye on, says Yorkton Securities mining ana…
$4.7 million for Wilanour property
A $4.7 million underground exploration effort has been approved for the Wilanour property near Red Lake, Ont. Partners include Inco Gold, a wholly-owned affiliate of Inco Ltd. (TSE) with 50%, Wilanour…
Alberta Stock Exchange Biron bucks trend
In the last vestiges of a long hot summer, the retail-oriented Alberta Exchange is still waiting for a fall buying spree to pull the market out of its current state of lethargy. Volumes continued to b…
Mining to become a cornerstone of Alaskan economy says report
A state government report on Alaska’s mineral industry concludes that mining will “again become a cornerstone of the state’s economy.” Alaska’s Mineral Industry, 1987, the annual economic summary of m…