HudBay reports lower earnings
Third-quarter net earnings of $2.1 million(C) on revenue of $88.6 million were reported by Hudson Bay Mining & Smelting (TSE) compared with $13.5 million on revenue of $80.2 million for the same perio…
News
Westbank find in Ben Nevis
Westbank Resources (VSE) has discovered a polymetallic showing on its property in Ben Nevis Twp., Ont. The find is located less than a mile from the Peter Roche showing on which a 325-ft shaft was sun…
MinVen faces delay at Gilt Edge mine
Leaching operations have been delayed at MinVen Gold Corp’s (TSE) Gilt Edge mine in South Dakota because of a leakage problem with a leach pad. Seepage was detected in the upper liner of the multiple-…
Vancouver Stock Exchange (November 07, 1988)
Although eastern markets and the Canadian dollar slumped in sympathy with the Tory drop in the polls, the VSE ignored all that and had one the busiest, most exciting trading periods seen here for quit…
FUTURES PRICES Metal Prices (November 07, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 148.50 147.50 148.40 — Dec 144.30 138.00 141.90 + 7.50 Mar 121.00 116.30 119.40 — …
INSIDER TRADES (November 07, 1988)
Borealis — R. Cox sold 35,800 (Sept) to hold 111,936. Brenda — Noranda bought 72,000 to (Sept) hold 2,412,020. Campbell Res — R. Lister bought 2,435 (Sept) to hold 441,627. Cominco — Teck bought 1…
Stratmin graphite mining set for February, 1989
Stratmin Inc. (ME) has signed a 15-year agreement with Asbury Graphite Mills which gives Stratmin the right to lease and operate Asbury’s mill near Notre- Dame- du-Laus, Que. The lease will enable Str…
Cominco Resources’ Gold Projects Advance
Ore reserves were increased on two gold projects, and a feasibility study started on a third, reports Cominco Resources International (TSE) in a review of operations for the nine months ended Septembe…
United Keno losses
United Keno Hill Mines (TSE), an affiliate company of Falconbridge Ltd reported another loss, this time for the third quarter ended Sept 30. For the period, the silver mining company lost $1.9 million…
Letters to the Editor Geological grads better equiped
I have pondered for several years the potential role of mining geologists in rock mechanics/strata control aspects of mining, and agree with the comment in your editorial (N.M., Oct 17/88. “Rock mecha…
Cheni construction nearing completion
Surface construction at Cheni Gold Mine’s (TSE) Lawyers project north of Smithers, B.C., is almost complete, says Paul Girard, president. Equipment testing and commissioning for the company’s 550-ton-…
Cambior to produce from Pascalis Mine
A positive production decision has been made by Cambior Inc. (TSE) for its Pascalis Mine located 15 miles east of Val d’Or, Que. The production decision is the second made by Cambior this year and is …