Corona reports first consolidated earnings
Consolidated earnings of $18.8 million (12 cents per share) before unusual and extraordinary items, or $15.7 million (10 cents per share) after unusual and extraordinary items, were reported by Coron…
News
HudBay thriving on better metal prices, exploration success
Shipment of copper and zinc concentrates to Hudson Bay Mining & Smelting’s (TSE) aging metallurgical complex here should pick up significantly in the remaining months of 1988. And long-term supplies s…
Investment comment Audrey Resources’ a “near-producer” with good
Speculating on a penny miner that’s punched a few holes in the ground and turned up decent widths at a respectable grade can be exhilarating. You can revel in the stock’s rising price or, conversely, …
Battle Mountain to drill Australian gold property
Drilling is scheduled to begin this month at Battle Mountain Gold’s (TSE) Fullstop property in Queensland, Australia. The company has the right to earn a 51% interest in the 105 sq m property for an e…
letters to the Editor Nfld government takes step to boost
The news that the Newfoundland government has taken steps to boost exploration in that province is indeed welcome (N.M., Sept 19/88). As part of the provincial government’s program, financial incentiv…
Franco takes for sale sign off Goldstrike royalty bet
Toronto-based Franco-Nevada Mining (TSE) has taken the For Sale sign off its Goldstrike royalty asset. Priced at $180 million, Franco- Nevad a’s 4% net smelter return and 5% net profit royalty in …
Indian band halts Eldor’s drilling
An Indian band in northwestern Ontario recently put a halt, temporarily at least, to drilling by operator Eldor Resources on property at Windigo River. According to Staff Sgt. Reg Weeks of the OPP det…
Metal Prices PRODUCER PRICES (September 26, 1988)
ALUMINUM: MW U.S. Market $1.125-$1.215 per lb. (Sept 15, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.25 per lb. (Sept 8, 1988). CADMIUM: New …
B.C. Heap Leach Project Re-opens
Since re-opening its heap leach operation at the Union Mine near Grand Forks, B.C. in April, Sumac Ventures (VSE) produced 282.7 oz gold and 8,552.5 oz silver to early August. The company is treating …
SMDC strike at Hanson Lake
Economic grades of copper and zinc with associated silver, have been intersected by drilling on the Hanson Lake property, operated by Saskatchewan Mining Development Corp. Located in eastern Saskatche…
Quebec prospectors contemplate industry slowdown
Delegates to the annual convention of the Quebec Prospectors Association (QPA) staged here recently are preparing themselves for a period of transition after a year which saw a boom in mining explorat…
McKinnon, Larche to be questioned at Lac hearing
Prospectors Donald McKinnon and John Larche are scheduled to appear at an Ontario Supreme Court hearing in which Lac Minerals (TSE) is trying to get a retrial of its court case with Corona Corp. (TSE)…