Record cash flow, record earnings, and record gold production highlight Teck Corporation’s (TSE) latest annual report, if viewed only from a financial perspective. But because 1988 represented its 75t…
It was a disappointing year in 1988 for Pamour Inc. (TSE), which recorded a loss of $6.5 million (54 cents per share) before extraordinary items, compared to a profit of $4.55 million (40 cents per …
With a positive feasibility study now in hand, 50/50 partners Galactic Resources (TSE) and Cornucopia Resources (TSE) are planning to construct an open pit mine at their Ivanhoe property located in th…
An investigation has been called into the death of an experienced miner at Inco Ltd.’s (TSE) Shebandowan nickel-copper mine near Thunder Bay, Ont. Renato Brigo of Thunder Bay died in a rockfall on Apr…
Unless the price of silver increases dramatically from its recent trading price of $5.80(US) per oz, Agnico-Eagle Mines (TSE) plans to suspend silver production in June. After shutting down its three …
Forbex Mining Resources (ME) is planning an exploration program on the former producing Poirier zinc-copper mine near Joutel, Que. The program is part of Forbex’s option agreement to earn a 50% intere…
New York-based DRX Inc. (NASDAQ) has called for a special meeting of shareholders of McFinley Red Lake Mines (TSE) in Toronto, June 12. DRX, which controls over 800,000 common shares of McFinley, r…
Hayes Resources (TSE) has been instructed by its board of directors to consider distributing to its shareholders common shares of LynnGold Resources (TSE) held by the company. The proposed distributio…
The new owner of Dickenson Mines (TSE) and its sister company Kam-Kotia Mines (TSE) is Toronto-based gold fund Goldcorp Investments Ltd. Goldcorp won the takeover fight for the two companies when riva…
The sale of a number of key assets generated almost $1.2 billion in pre-tax dollars for Newmont Mining Corp. (NYSE) during 1988; but at year-end its debt load was still $1.2 billion, a $700-million dr…
A zinc-copper mine in eastern Nevada could be up and running again this year after a 109-year shutdown. The Ward Mountain property, which can trace its beginnings back to 1870, was operated for 10 yea…
Foiled in its attempt to gain control of Louvem Inc. (TSE), Toronto- based Aur Resources (TSE) is taking to court Louvem and the Quebec gold producer’s major shareholder, St. Genevieve Resources (TSE)…
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