Stock performance keeps Barrick a front-runner
Staying ahead of the pack in a bear market isn’t an easy task, but Toronto-based gold producer American Barrick Resources (TSE) has been remarkably good at it. “Our stock performance has been better t…
1991
Placer Dome interests extend to Papua New Guinea
Although Placer Dome (TSE) recently made two major North American acquisitions that promise to greatly increase its future gold production — the Mount Milligan property and a 45% interest in Stikine …
INSIDE Stormy days
Turbulence is forecast for the nickel market this year but for the rest of the decade, demand should help sustain a healthy price. It was in 1988 that the nickel price went wild, topping US$10 per lb….
Growing gold supply a serius concern for investors
Where is gold going? How do you weigh the factors in your forecast? Before trying to forecast future events, it is often beneficial to look at the past. In the 1980s, gold demonstrated its volatile na…
Teck bottom line reflects opportunities of the ’80’s
The turbulent economic times of the 1980s may have undermined the constitution of some Canadian major mining companies, but this wasn’t the case for Teck (TSE) which instead experienced a pivotal deca…
INSIDE Top strategy
The Goldstrike gold project in Nevada is expected to keep American Barrick Resources in the black for a long time to come. A favorite of investors, the Toronto-based mining company has been the top-pe…
HudBay adds Namew nickel to its metals inventory
Hudson Bay Mining & Smelting (TSE), the wholly owned subsidiary of New York-based Inspiration Resources (NYSE), is well known as Canada’s fourth largest producer of copper and zinc. In 1989, HudBay’s …
Recent strength may work to zinc’s disadvantage
Like producers of most base metals, zinc producers have enjoyed three years of strong markets and exceptionally high prices. Based on past experience, however, recent high prices may turn out to have …
Prices of metals affected by war
Outbreak of war in the Persian Gulf near the start of the year, pitting a global alliance of nations under the auspices of the United Nations against Iraq, made an already volatile market even more sk…
INSIDE Papua output
A major factor in the near- term growth of international gold producer Placer Dome is an interest in two large mines, Porgera and Misima, in Papua New Guinea. Total production at Porgera is expected t…
Mining industry addresses environmental concerns
The mining industry in Ontario continues to demonstrate its leadership in the area of environmental protection, the Ontario Mining Association (OMA) says. While providing the products demanded by soci…
SPECIAL – OUTLOOK 1991; Companies learn to cope withall of the
When mining executives look ahead to 1991 they do so having experienced one of the most tumultuous decades in recent history. Uncertainty is now a basic assumption. Increasing volatility — of commodi…