Homestake earnings ease
The 1990 third-quarter earnings of Homestake Mining (NYSE) were US$1.7 million, compared with US$2 million reported for the comparable period in 1989. Net income for the first nine months of the year …
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Hillsborough reports increased earnings
An increase in 9-month net earnings reported by Hillsborough Resources (TSE) was recently attributed to the company’s long-term mine contracting projects. Net earnings for the nine months ended Septem…
Windy extends copper zone by 400 metres
A summer drill program on the MacLeod Lake property north of Chibougamau, Que., has extended the strike length of the known zone of copper mineralization by 400 metres. Drilling to the east and west o…
Toronto Stock Exchange Indices (November 05, 1990)
Oct.30 Oct.29 Oct.26 Oct.25 Oct.24 HIGH LOW Composite “300” 3083.89 3083.35 3086.50 3129.85 3122.53 4009.47 3009.91 Metals & Minerals 2635.14 2635.71 2627.98 2689.60 2710.10 3453.06 2587.95 Integrated…
Bema boosts reserves potential at project in Chile
Recent drilling by Bema Gold (TSE) has expanded the reserve potential of the Verde deposit, one of three known mineralized bodies on the company’s 50% owned Refugio gold property in northern Chile. Bu…
INSIDER TRADING Cominco ups stake in Aur Resources by 150,000
Vancouver-based Cominco (TSE) recently took the opportunity to pick up some Aur Resources’ (TSE) shares. According to the Ontario Securities Commission’s OSC Bulletin, Cominco bought 150,000 Aur share…
Letters to the editor Managers must be masters of their trade
In reply to Douglas Smith’s letter (T.N.M., Oct. 15/90) on mine management, I would like to note that metallurgists, maintenance engineers and others have at times made very good mine managers. Indeed…
Mexico opens door to foreign investors
Foreign investors may be allowed to control 100% of a mining concession in Mexico for up to 12 years after Dec. 10 when the country’s new mining regulations goes into effect. The regulations were issu…
Placer owns 97% of Continental
About 8.3 million shares of Continental Gold (TSE), or about 97% of its outstanding shares, were tendered to a recent bid made by Placer Dome (TSE). Shareholders were offered a choice of $20 cash or o…
U.S. REPORT Pacific Sentinel expands Arizona holdings
Drilling on the Golden West property has been delayed by Pacific Sentinel Gold (VSE) until it completes a surface exploration program on 222 newly acquired claims surrounding the Arizona gold project….
Falco Gold to get African gold mines in asset swap
A proposed asset swap between Falconbridge Ltd. and its 51% owned subsidiary Falconbridge Gold (TSE) will see the latter company scoop up two African gold mines and 41 Canadian exploration prospects f…
Higher costs clip FMC Gold earnings
Despite increased production and higher gold prices, FMC Gold’s (NYSE) third- quarter net income of US$10.9 million was slightly lower than the US$11.6 million reported in the 1989 third quarter. Sale…