ODDS ‘N’ SODS — Mine-makers extraordinaire
I’ve had occasion to meet a very select group of mine makers in my travels across Canada, and these men — namely Karl Springer, Earl Gillanders and Thayer Lindsley — are deserving of the highest hon…
Rio Algom Limited
Correction (August 25, 1997)
During the three months ended June 30, 1997, Rio Algom (ROM-T) produced 50,000 lb. of uranium and 133,000 lb. of coal. During the same period in the previous year, the firm produced 540,000 lb. of ura…
STOCK MARKETS — TSE lives through another selloff — Metals and golds keep sinking as
broad market recoversLike its counterparts around the world, the Toronto Stock Exchange was hit by a correction on Aug. 15. But the TSE 300 composite index rallied on Aug.19 to recover most of the los…
Inmet posts profit in second quarter
Thanks to higher copper and zinc prices, as well as drops in both cash costs and exploration expenditures, Inmet Mining (IMN-T) was able to post a profit for the second quarter.For the three months en…
OBITUARY — Colin Macaulay
Colin Macaulay, a former vice-Chairman of Rio Algom, has died. He was 66.Born in Montreal, Que., Macaulay graduated from McGill University’s engineering program with a bachelor’s degree in 1954 and a …
Rio Algom, Inmet expand Antamina deposit
Once again, partners Rio Algom (ROM-T) and Inmet Mining (IMN-T) have boosted the resource estimate of the Antamina copper-zinc deposit in Peru.The total in-pit resource is now pegged at a minimum of 5…
Argentine silver keeps Yamana active
In the country named for silver, Yamana Resources (YRI-T) has located four new precious-Metal systems, some of which exhibit bonanza grades of the white metal.These discoveries took place in the vicin…
STOCK MARKETS — Greatest Value Traded, June 11-17
ExchgValue($000s)HighLowCloseChangeBarrick GoldT1…
Yamana hits high grade in Argentina
Drilling by Yamana Resources (YRI-T) at its Martinetas property in southern Argentina has returned some high-grade values.Hole 23 returned 20 metres grading 29.2 grams gold per tonne, including 2 metr…
STOCK MARKETS — Resources drop on TSE as election pushes dollar higher — Base metals, golds off in quiet market, platinum group metals show strength
Merchandising, communications and consumer products showed strength on the Toronto Stock Exchange, though the resource industries were all lower during the report period ended June 3. The TSE 300 comp…
ODDS `N’ SODS/ROGER LAFRANCE — A hazardous exit
Rio Algom’s Quirke uranium mine was originally developed, along with the Panel mine and 10 other Elliot Lake operations, between 1955 and 1958.Back in the late 1950s, I was an underground worker at th…
STOCK MARKETS — Golds and base metals help boost TSE above 6,400 — Base metal producers rise despite nickel’s fall
A single day of heavy trading, combined with solid performances by the base metal, gold and precious metal sub-indices, was sufficient to push the Toronto Stock Exchange index to 6,442.54 on May 27 –…