Earnings Report (February 20, 1989)
Battle Mountain Gold (TSE) reports net earnings for the fourth quarter of $12.1 million(US) or 18 cents per share on revenue of $32.4 million compared with net earnings of $17.5 million or 27 cents …
News
Campbell seeks $40 million
A $40-million financing is being arranged by Campbell Resources (TSE). The cash will be used to fund the expansion of Campbell’s Joe Mann gold mine near Chibougamau, Que. Hosting reserves of 3.7 milli…
South Atlantic to develop copper project
With a feasibility study for a 250,000-ton-per-year mine and mill nearing completion, South Atlantic Ventures (VSE) is examining several options to raise the estimated $7 million(US) required to bring…
Calpine/Stikine results shows tonnage potential
Recent drill results from the Eskay Creek property of Calpine Resources (VSE) and Consolidated Stikine Silver (VSE) demonstrates its bulk tonnage potential. Among the latest assay results was 24.6 ft …
B.Y.G. plans open pit production for Yukon mine
Production at 300 tons per day has been recommended for the Brown McDade gold-silver mine project located 60 km west of Carmacks in southern Yukon, a joint venture involving B.Y.G. Natural Resources (…
Ojibway-Faith deal
An agreement has been signed between Faith Mines (VSE) and Ojibway Resources (ME) whereby the former has an option to acquire a 70% interest in Ojibway’s Chaste property north of Amos, Que. The agreem…
Sudbury Contact options Legacy bet
An option to earn a 60% interest in the McElroy Twp., gold property near Larder Lake, Ont., has been obtained by Sudbury Contact Mines (TSE) from Legacy Explorations (COATS). The agreement, recently r…
Delmay options claims
Delmay Mining Corp. (ASE) has optioned its Stitt property near Kirkland Lake, Ont., to Silver Spur Resources (VSE) and Whiskey Creek Resources (VSE). Silver Spur and Whiskey must spend $500,000 each o…
Zenmac dividend
A dividend has been declared by Zenmac Zinc Ltd. (ASE) of 25 cents per share. The record date is Feb 28. The dividend will be paid in the form of a $10 convertible preferred share, paying interest of …
Gold funds as of Feb. 14
BGR Goldcorp Central MVP Capital Net value $11.96% 8.83 6.55% 0.81% Price $9.375% 5.625 5.62% 0.65% Discount $ 21.61% 36.3% 14.1% 19.8% Value …
Metal Prices FUTURES PRICES (February 20, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb125.80 125.70 125.80 — 7.70 Mar128.45 123.60 123.80 — 7.70 May120.70 117.25 1…
Shareholders applaud changes to Skyline board
The ongoing saga of Skyline Explorations (TSE) played to a full house at the company’s annual meeting held in Vancouver recently. Reginald and Joyce Davis were not re-elected to the board and a propos…