Red Dog project set to enter production
The massive Red Dog lead-zinc- silver project of Cominco Ltd. (TSE) in northwestern Alaska will begin production by the end of the year but there will be no shipments until the warm waters return abou…
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Integrated biddingfor Northern shares
Integrated Resources (ASE) has offered to acquire a 51% stake in Edmonton-based Northern Minerals (TSE), which was previously known as Pacific Trans-Ocean Resources. Shareholders of Northern Minerals …
Slow start for Premier Gold Mine, Westmin reviewing problems
Start-up of the Premier Gold mine project near Stewart, B.C., is proving to be a challenge for project operator, Westmin Resources (TSE). The company said the open pit mining program is now several mo…
Minera plans to raise $6 million for Latin projects
Toronto-based Minera Rayrock (TSE) plans to raise privately $6 million in the next few months to fund feasibility studies on its Ivan copper project in Chile, and its Bellavista gold property in Costa…
$35 million on exploration shows Tundra uneconomic
The Tundra Gold project — one of the largest undeveloped gold deposits in Canada — is looking uneconomic at current gold prices, say owners Noranda Inc. (TSE), Hemlo Gold Mines (TSE) and Total Energ…
Golden Patricia shaping up as a gem of a mine
Annual gold output from the Golden Patricia mine in northwestern Ontario has exceeded original expectations. The underground mine, owned 100% by Bond International Gold (TSE), produced 49,635 oz of go…
Obituary E.J. (Ted) Wade
A sudden heart attack has claimed the life of Toronto consulting geologist Edward Wade. Wade, who worked at various times with Falconbridge Ltd., Lac Minerals and Rio Tinto Zinc, was 49 when he died. …
Alberta Stock Exchange Peter Island up
The junior-oriented Alberta Exchange continues to weather the storm that is wreaking havoc on share prices in Toronto and New York. As indicated by trading volumes this week, Alberta investors continu…
Weaker earnings hurt Inco despite improved dividend
Investors reacted negatively to Inco Ltd.’s (TSE) lower third- quarter earnings by selling off the stock which lost $2 over a 2-day period. The selling was also motivated by the lack of any news about…
Hemlo Gold boosts earnings, gold output at Golden Giant
Gold hedging activity enabled Hemlo Gold Mines (TSE) to earn $10.9 million or 13 cents per share during the third quarter of this year. Despite a drop of $85 per oz of gold during the period, the com…
COATS unaffected by recent market swings
The Canadian Over-the-Counter Automated Trading System, or COATS, was largely unaffected by the recent share price swings experienced on other major stock exchanges during the week. COATS issues had b…
Highland Valley strike settled
The strike affecting operations at the Highland Valley Copper mining and milling complex in the Highland Valley of British Columbia has been settled. According to a spokesman from Highland Valley Copp…