Earnings Report (August 07, 1989)
Teck Corp. (TSE) recorded a net earning of $25 million or 31 cents per share in the quarter ended June 30. In the same quarter of last year Teck’s earnings were $20.9 million or 26 cents per share. R…
News
Nuclear fuel conference
The International Conference on Nuclear Energy will be held Oct 15-17, 1989 in Charleston, S.C. Nuclear fuel production, inventories, supply and price trends will be among the topics of discussion.
Safest mines in the U.S. honored
The safest mines in the United State were honored recently with the “Sentinels of Safety” award presented by the American Mining Congress and the Department of Labor. To qualify for the award a mine m…
Silidor partners plan 1990 opening
The joint venture Silidor gold project three miles west of Rouyn- Noranda, Que., is scheduled to enter production in January, 1990. Partners Noranda Minerals, Cambior Inc. (TSE) and Nova-Cogesco Resou…
Exploration under way at High Frontier bets
Vancouver-based High Frontier Resources (VSE) continues to expand its land position near the massive sulphide discovery east of Val d’Or, Que., by Aur Resources and Societe Miniere Louvem. So far, Hig…
Mine finance meeting
A mining finance conference will be held Oct 30 in London, England by the Institution of Mining and Metallurgy. The one-day meeting will discuss recent developments in gold loans, Canadian exploration…
Newfoundland exploration bolstered by majors
Although it’s not as hectic as last summer, Newfoundland’s mineral exploration industry is enjoying another healthy season thanks largely to major mining companies who have firmly established their pr…
Watts, Griffis wins contract
A $7-million contract has been awarded to Watts, Griffis and McOuat, a Canadian geological consulting company by the Ministry of Petroleum and Mineral Resources of Saudi Arabia. A team of 15 Canadian …
Operating Canada’s Mines Challenge and excitement drive IMC’s
David Kelland chose mining as a career 35 years ago because he was looking for something active, challenging and exciting — a career that would take him out of the city and give him the opportunity t…
Rio Algom acquires foothold in Continental Gold
Proving speculators right, Rio Algom (TSE) has acquired an initial interest in Continental Gold Corp. (VSE) and its 70%-owned Mt. Milligan gold- copper project near Fort St. James, B.C. The major mini…
Amax bids for Falconbridge
Giant nickel producer Falconbridge Ltd. (TSE) could soon have a new controling shareholder and it may not be Noranda Inc. (TSE). Falconbridge and large U.S. metals supplier Amax Inc. (NYSE) have enter…
Coins and their valuable metal contents
I do not particularly like the new Canadian “loonie” one-dollar coin. It’s another big coin for the pocket. However, it’s not as heavy as the relatively new, ugly heavy brass one- pound sterling U.K. …