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…
News
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% …
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 …
CIM/PDAC joint luncheon
W. A. Gatenby will be the guest speaker at the joint meeting of the CIM-Toronto Branch and the Prospectors and Developers Association of Canada. Fifty tickets have been reserved for CIM members who ha…
Editorial Panic button
From a speech by Canamax Resources President John Hansuld at the Ontario Ministry of Northern Development and Mines’ annual regional geoscience seminar in Thunder Bay Feb 7-8. It seems obvious to sa…
Cornelius Campbell
Cornelius J. Campbell, a well- known prospector in northern Quebec since the 1930s, died in Rouyn- Noranda Feb 12, at the age of 84. During his long career in the exploration industry, “Con” Campbell …
COATS Trading Features (February 27, 1989)
The total value of trades on COATS increased to more than $41 million last month, up from a low of $22 million during December. Asquith Resources was a busy trader this week with 79,000 shares changin…
Sphinx acquiring interest in Gordex
A $2.5-million debenture, convertible into common shares of Gordex Minerals (TSE) at 70 cents per share, has been acquired by Sphinx Mining (ME). The debenture will last five years and bear an intere…
High grade zinc find
A high grade zinc discovery has been made by partners VSM Exploration (ME) and Serem- Quebec, the Quebec government mining agency. Located 40 km northeast of Quevillon, Que., the discovery was made on…
Bunker Hill reactivates mine
Bunker Hill Mining (VSE) has reactivated the old Bunker Hill mine near Kellogg, Idaho. By year-end production had reached 700 tons per day and the company hopes to achieve 1,500 tons by mid-year. “Des…
Vancouver Stock Exchange Investors wait for better gold price
Although gold prices appear to have rebounded slightly from last week’s lows, brokers here say the yellow metal will have to show a sustained performance over the $400(US) level for investors to regai…
Toronto Stock Exchange Inflation fears boost golds during market
Traders faced another day of turbulent activity as the composite index lost another 28.2 pts to close at 3584.03 pts. Volume was 27.7 million shares. Unease as to the short- term direction of interest…