McNellen says yes to Echo Bay deal
Shareholders of McNellen Resources (VSE) recently gave the go- ahead to a transaction in which Echo Bay Mines (TSE) will acquire two million McNellen shares at $2.50 per share. Under the agreement, du…
News
Hemlo Gold reports drop in earnings
Second-quarter earnings of $10.6 million (12 cents per share) on revenue of $44.5 million were recorded by Hemlo Gold Mines (TSE), compared with $12.2 million (14 cents per share) on revenue of $47.2…
Metal Prices FUTURES PRICES (August 08, 1988)
N.Y. Commodity Exchange High Low Close Change COPPER (in US cents per lb.) Aug 90.40 89.10 89.35 — 6.65 Sep 91.80 89.40 89.70 — 4.30 Dec 88.75 86.35 …
Placer Dome’s earnings down
First half 1988 earnings before other income of $76.3 million are reported by Placer Dome (TSE). The figure is 62% higher than in the same period last year, when earnings before other income were $47….
Sulphurets has potential to rial anything in B.C.
Exploration and mine development in northern British Columbia is risky business — even when you know what you’re doing. So joint venture partners Newhawk Gold Mines (TSE) and Granduc Mines (TSE) have…
Increased Production Boosts Earnings for Coeur d’Alene Mines
The strong financial results tallied up by Coeur d’Alene Mines (ME) during the second quarter of 1988 are primarily due to increased production of gold and silver from the Rochester mine, the Idaho-ba…
Timmins Report ERG set to produce gold from tailings
It’s full-speed-ahead for the $75-million tailings recovery project of ERG Resources Inc. (TSE), says the project’s Timmins-area manager. Chris Harvey says ERG has reached an agreement with Giant Reso…
Agnico and Hecla comb new gold areas
Two well known and highly respected mining companies out to broaden their horizons — one American, one Canadian — are joining hands to form a new and well heeled international exploration company th…
Tantalum-Niobium
A Florida setting has been chosen for the International Symposium on Tantalum and Niobium to take place Nov 7-9 at Orlando. The emphasis at this year’s meeting will be on marketing, production, proces…
Aber/Hemisphere potential expands on Sunrise project
Drilling on the Sunrise project is continuing to add to the reserve base, say Aber Resources (VSE) and Hemisphere Development Corp. (VSE), 50/50 joint venture partners in the polymetallic project loca…
Metals, grains lead commodity index
Surging metal and grain prices in June helped the Bank of Nova Scotia’s all-commodity price index increase by 5.8% compared with May. Metals and minerals prices were up 5.4%, while agricultural prices…
Cominco Resources ups reserves at Chile gold mine project
With one gold mine project in Chile slated to begin production in early 1989, Cominco Resources International (TSE) appears to have the makings of yet another still in the wings. The international min…