FirstMiss earnings
FirstMiss Gold (NASDAQ) reported net earnings of $1.7 million or 10 cents per share for the six months ended Dec 31, 1988 compared to $930,000 a year earlier. The increase was due to interest earned o…
Articles by Northern Miner Staff
Dickenson head …..para 12 insert…
Meanwhile, Dickenson has applied to the Ontario Securities Commission (OSC) for an order directing Corona (or, specifically, Corona Minerals, the company’s wholly-owned subsidiary which is making the …
Newfoundland big on Bitech
A gold discovery made last year by Bitech Energy Resources (ASE) on the company’s Nugget Pond property near Betts Cove, Nfld., has attracted the attention of a considerable number of Newfoundland inve…
Westmin returns to mining
Many oil and gas companies have their roots in the mining industry including Westmin Resources (TSE) and ill- fated Dome Petroleum; but few of them ever revert back to mining as their principal busine…
Construction under way at Cliff asbestos plant
Toronto-based Cliff Resources (TSE) is planning to take advantage of a 40% increase in fibre prices by spending $16 million to build a chrysotile asbestos plant at Baie Verte in Newfoundland. Schedule…
Earnings Report (February 27, 1989)
Cyprus Minerals (NYSE) reports net earnings of $170 million(US) or $6.31 per share for 1988 compared to $26.2 million or $1.02 in 1987. Fourth quarter earnings were $65.4 million or $2.42 per share co…
Gold funds as of Feb. 21
BGR Goldcorp Central MVP Capital Net value $11.89% 8.65 6.45% 0.81% Price $9.125% 5.750 5.50% 0.65% Discount $ 23.25% 33.5% 14.7% …
Healthy Hemlo Gold output hindered by lower head grade
Output was down from the previous year but Hemlo Gold Mines (TSE) managed to turn out 336,668 oz gold in 1988 from its Golden Giant mine at Hemlo in northern Ontario. The company, 50.1% owned by Noran…
United Lincoln tests depth, gold potential at Mt. Milligan
Assay results were released for four recent holes drilled on the Mt. Milligan gold/ copper project near MacKenzie, B.C. United Lincoln Resources (VSE) is operator and owns 70% while partner BP Resourc…
Golden Range troubles
Golden Range Resources (TSE) has requested the Toronto Stock Exchange to suspend trading in the company’s shares. Golden Range is suffering from financial problems and has been unable to file audited …
Northgate/Westfield sell 15% Whim Creek interest
Toronto-based affiliates Northgate Exploration (TSE) and Westfield Minerals (TSE) have agreed to sell their combined 15% stake in Whim Creek Consolidated of Australia for $39 million(A). Australian mi…
Franco-Nevada to diversify after arranging gold loan
In an unusual move for a royalty company, Franco-Nevada Mining (TSE) has announced a 25,000-oz gold loan. Through its wholly-owned U.S. subsidiary, Franco-Nevada has negotiated the 5-year gold loan wi…