Editorial Strathcona Park
The battle of Strathcona Park on Vancouver Island appears to be over, at least for now. A report, accepted by the British Columbia cabinet, recommends that there be no new mineral exploraton in the pr…
News
Black Swan gold mine to be operator of First Canadian project
Taking on its first Canadian project, Black Swan Gold Mines (VSE) will be the operator of an exploration program on the TAS property located 40 miles north of Fort St. James, B.C. The company, which i…
Metal Prices (September 12, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Sept 6 Sept 5 Sept 2 Sept 1 Aug 31 Copper 1386-138…
Exploration may be down, but Glen Auden still busy
While exploration spending is reported to be down in many areas, Glen Auden Resources (TSE) has budgeted $16 million for its stable of 33 properties. The company said it is also negotiating several ad…
Messeguay reports zone extension
A re-examination of drilling in 1987 has revealed an extension of the A zone at the Launay-Privat property located 24 miles northeast of Rouyn-Noranda, Que., Messeguay Mines (ME) reports. The company …
News in Brief (September 12, 1988)
A $5.74-million rights offering has been completed by Citadel Gold Mines (TSE). The company issued 1,382,687 common shares and an equal amount of flow-through shares. Bernard Sherman and his private h…
Strong metal prices boost Metall’s financial results
Still in the hunt for some acquisitions to beef up its base metals portfolio, Metall Mining (TSE) of Toronto has benefitted financially from stronger metal prices, the company announced recently. Amon…
Toronto Stock Exchange Golden Knight’s aparkle, exception to dull
What little market enthusiasm developed over news from the United States that the red hot economy appears to be cooling, generated almost no response from the metals sectors. In fact, any sign that in…
Hycroft Reports Revenue from Nevada Mines
With two heap leach gold mines in Nevada now in production, Hycroft Resources & Development (VSE) reported an operating profit of $2,397,071 and a net loss of $1,462,268 (or 11 cents a share) for the…
Central Crude’s Mishibishu find ignites interest
Important looking ore findings on the Eagle River gold property of Central Crude Ltd. (VSE) are igniting exploration interest in the Mishibishu area just 30 miles west of here. Until recently a relati…
Newmont earns $24.5 million
Newmont Gold reported second quarter net income of $24.5 million or 23 cents per share, virtually identical to last year’s results for the same period. Gold sales in the quarter amounted to 194,500 oz…
Northgate cash balances earn $5.2 million in last quarter
Interest earned from Northgate Exploration’s (TSE) cash balances brought $5.2 million into the company’s treasury during the three months ended June 30. Unaudited consolidated net income of $2,014,000…