Stronger zinc price lifts Pine Point net
Improved zinc prices and income from the Polaris mine in the Northwest Territories boosted net earnings for Pine Point Mines (TSE) to $43.9 million during the first nine months of 1988 from $21.4 mill…
News
Japan’s Nippon looking for gold
Nippon Mining Company, Japan’s largest producer of copper, is now exploring for precious metals in North America through a subsidiary based in Reno, Nev. A few years ago, Nippon made the decision to b…
Ounces up at Dickenson’s Red Lake Mine
Toronto-based Dickenson Mines (TSE) has reported increased gold production from its Red Lake mine during the third quarter. Gold production at the Arthur White Mine for the first nine months of this y…
More encouraging results reported by Armistice Res.
More encouraging results have been reported by Armistice Resources (ME) from a hole drilled between 1,500 ft and 2,100 ft at the company’s gold project near Vir- giniatown in northern Ontario. Hole 12…
Financing gold projects topic of seminar
Financing precious metals projects was the theme of a 2-day seminar at the Metro Toronto Convention Centre last week. The seminar, organized by the Institute for International Research, included 11 sp…
Lac earnings rise 20%
Third-quarter earnings for Lac Minerals (TSE) rose by 20% compared with the same period in 1987, while 9-month earnings this year were up by 34%. Earnings for the third quarter amounted to $12.2 milli…
Magma reduces employment
Magma Copper says it is reducing employment by about 7% at its San Manuel, Ariz., division and laying off approximately 200 hourly rated employees and a yet to be determined but proportionate number o…
Letters to the Editor 16 died at Paymaster
I have been a fond reader of The Northern Miner for years and noticed (N.M., Aug 29/88) where Richard Buell quotes about the accident at the Paymaster mine in his Timmins report, and about Black River…
THE SEARCH FOR SILVER
As a precious metal, silver has suffered a sad fate: Not only has it always stood in the shadow of its renowned cousin, gold, but now it garners less and less attention as the platinum group metals gr…
Cassiar Mining profit boosted by purchase of Similco mine
With its recently acquired Similco copper mine (N.M., Oct 10/88) contributing $5.9 million to third quarter earnings, 1988 is shaping up to be a very profitable year for Cassiar Mining (TSE). Net earn…
Teck nets $23 million in quarter
Teck Corp. (TSE) reports net earnings before extraordinary items of $23 million or 29 per share for the quarter ended Sept 30, 1988. This compares to $11 million or 12 for the same period a year ago…
Letters to the Editor Deaths of two miners an accident
We were appalled by the tone of your editorial comment on the recent deaths of two miners at the Denison-Potacan potash mine in New Brunswick. We have been fortunate enough to visit that operation fre…