Nickel prices lift Inco to record
The profits keep rolling in for Inco Ltd. (TSE), which has recorded its third consecutive record for quarterly earnings. The nickel giant reported net earnings for the third quarter of $200.3 million …
News
Minnova increases 9-month earnings
Net income of $1.3 million (9 per share) was reported by Minnova Inc. (TSE) for the first nine months of 1988, compared with $880,000 (6 per share) for the same period last year. The company attribut…
Letters to the Editor Dan Willans’ case may never be solved
I was extremely interested in the article of Oct 10/88, regarding the disappearance of Dan Willans, but first will give you some information as to how this association came about. My parents moved to …
Corona launches its first wholly-owned U.S. mine
Corona Corp. (TSE) has established its first, wholly-owned beachhead in the United States. The Santa Fe open pit, heap leach operation, several miles southeast of here, was officially launched as a go…
HudBay may shut down without government help
South African-controlled Inspiration Resources (TSE) of New York is playing hardball with the Manitoba and federal governments over a $130-million modernization plan for the metallurgical complex in F…
Alberta Stock Exchange Betts Cove ups Bitech
Drill results from what looks like the one of the best gold discoveries to date in Newfoundland, lead to a cease-trading order early in the week for property-holder Bitech Energy Resources. When news …
Spot prices at a glance (October 31, 1988)
Week’s Price (US) Change Gold (per oz) $407.50 — $ 3.30 Silver (per oz) $ 6.25 — $ 0.07 Platinum (per oz) $539.00 Copper (per lb) $ 1.49 + $ 0.12 Lead (per lb)…
Third-quarter output drops for Hemlo Gold
A lower gold output and higher operating cost were reported by Hemlo Gold Mines (TSE) for the third quarter of 1988 compared with the same period last year. Hemlo Gold, controlled by Noranda Inc. (TSE…
First bulk sample at Geddes’ Windy Craggy
The first bulk sample is being taken at Geddes Resources’ (TSE) Windy Craggy deposit located in northwestern British Columbia. A cross-cut has entered the massive sulphide deposit for the first time, …
Mining research network would cost $50 million
The nation’s nine mining degree granting universities are planning to establish an elaborate, coast-to-coast research network which would cost about $50 million over four years. They recently presente…
METAL PRICES FUTURES PRICES (October 24, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Oct 138.00 135.00 138.00 + 8.50 Dec 128.30 122.70 127.80 + 7.70 Mar 113.00 108.40 112.50 …
Nevada Goldfields’ Aurora mine small, profitable
It took only 72 days and $5.2 million(US) to bring the Aurora mine of Nevada Goldfields (VSE) into production in 1987 — and that capital should be recovered in just over a year. The small open pit mi…