Copper prices boost Gibraltar earnings
Strong copper prices helped Gibraltar Mines (TSE) earn almost $3 million on revenues of $71.1 million for the first nine months of 1995.The company milled 11.8 million tons grading 0.27% copper at its…
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Castle Mountain churns out profits
The Castle Mountain open-pit, heap-leach mine in San Bernardino Cty., Calif., continues to spin profits for 75% owner Viceroy Resources (TSE).Earnings for the six months ended Sept. 30 totaled $2.9 mi…
Rio sells interest in Atlas Steels
Bidding is over in the Atlas Steels auction. Owner Rio Algom (TSE) has agreed to sell its 51% share in the Australian specialty steels firm to Email for A$66.4 million ($68.4 million Canadian).Rio Alg…
Placer Dome gains stake in Goldboro
Montreal-listed Orex Exploration has optioned a share of its Goldboro property to Placer Dome (TSE).Having investigated the environmental conditions of the Nova Scotia gold property, the major has con…
Heap-leach project planned for Iduapriem
Ghanaian-Australian Goldfields, a subsidiary of Golden Shamrock Mines (TSE), will proceed with heap-leach gold production at the Iduapriem gold mine in Ghana.The mine is already being expanded to 2.8 …
RTZ and CRA plan merger
British mining conglomerate RTZ and its 49%-owned Australian affiliate CRA will reorganize to produce a single corporate structure in which the two companies retain their individual stock market listi…
Companies snap up ground in Ontario’s Horwood Twp.
A land package of 109 claim units (about 17 sq. km) will be explored by Morgain Minerals (VSE) under separate agreements signed with two prospecting syndicates. The claims cover a recently discovered …
Cameco banking on stable uranium market
Gold revenue and management fees underpinned a rise in earnings for Cameco (TSE), but future earnings are expected to be sensitive to the spot price for uranium oxide.Cameco reported net earnings of $…
Nixon Forks pours its first gold in Alaska
Following summer construction at the Nixon Forks gold mine in Alaska, the mill circuit is up and running, flotation concentrates are being generated and the gravity circuit is producing its first gold…
Phelps Dodge earnings reach new high
Phelps Dodge (NYSE) has turned in its best-ever quarterly earnings statement.In fact, the third quarter was marked by overall strength in copper production, copper sales, operating income, net income …
Band-Ore, First Western cut sulphides in Ungava
Drilling of geophysical anomalies discovered in airborne surveys at the OBC property of Band-Ore Resources (CDN) and First Western Minerals (VSE) has intersected disseminated to semi-massive sulphide …
Canmine locates new zone
A new zone of copper-cobalt mineralization has been discovered by Canmine Resources (ASE) on a northwestern Ontario property it holds under option from Falconbridge (TSE).The property, at Werner Lake,…