Cliff Resources completes merger
Cliff Resources (TSE) of Toronto reports that it has achieved final completion of its merger arrangement with Canaustra Gold Exploration (VSE). The merger, given shareholder approval earlier this mont…
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ECHO BAY MINES
For 9-month period ended Sept 30, 1988. In millions of U.S. dollars, except per-share figures. 1988 1987 Assets $790.1 $534.4 Long-term debt $155.5 $77.2 Revenue $191.6 $155.9 Earnings …
NORANDA INC.
For 9-month period ended Sept 30, 1988. In millions of dollars, except per-share figures. 1988 1987 Assets $5,699 $8,258.6 Long-term debt $2,167.0 $1,706.0 Revenue $6,578.0 $7,366.2 Ear…
Metal Miners welcome the pressures of prosperity
Mining companies are riding the crest of the economic cycle these days, operating near full capacity and getting the best prices in years for most metals. Base metal miners are enjoying prosperity the…
Rio Algom’s corporate strategy emphasizes mining
Rio Algom Ltd. (TSE) has been in a transition period since late 1987 when its former chairman, George Albino stepped down. His departure represented a major turning point for the company, which has si…
Galore Creek area very active
Sparked by a number of important gold discoveries in recent years, exploration activity in northern British Columbia has reached record levels — and it could get busier. The latest region to heat up …
N.A. Rare/Dundee Palliser close to Vezza gold deal
Partners North American Rare Metals (VSE) and Dundee-Palliser Resources (TSE) are on the verge of a major break through at the Vezza Twp. gold property in northwestern Que. where underground explorati…
Merger plan pits Malartic Hygrade against Gold Texas
Gold producer Malartic Hygrade Gold Mines (Canada) (VSE) and Gold Texas Resources (VSE) are battling each other in court over a proposed merger involving Gold Texas and two Texas-based junior mining c…
Ore Reserve Increase at Gabanintha Mine (January 30, 1989)
A reassessment of the ore reserves at the Gabanintha mine by Dominion Gold Mines of Australia has increased the reserves now drilled out in the current mining area to over 2.2 million tons at an in si…
Value of output from metal mines up 26% in 1988
Canadian total metallic mineral output in 1988 increased in value by 25.8% to $13.8 billion from $11.0 billion according to a recent estimate by the department of Energy, Mines and Resources. The grea…
Quarry operator part of Asarco
A subsidiary of Asarco Inc. has purchased a limestone quarry operator in Virginia. The wholly-owned subsidiary, American Limestone, paid about $2.1 million(US) for Acme Stone, whose quarry is located …
First CEIP applications expected this spring
The first applications to the Canadian Exploration Incentive Program (CEIP) are being expected by late April, Peter McLean, Director of CEIP says. The applications will mark the beginning of the new e…