Sherritt Gordon has an improved quarter
While Sherritt Gordon (TSE) is on the hunt for new feed for its Alberta nickel refinery, buoyant nickel prices and coinage product profits combined to produce a record second-quarter. Net earnings inc…
News
Steelhead reserves better
Detailed analysis of geologic and assay data from the 1987 exploratory drilling program at Steelhead Resources’ (VSE) Excelsior Mine, Whatcom Cty., Wash., has revealed gold and silver reserves greater…
Major reduction in ore processing nets $1.6 million loss for
A loss of $1.6 million or 12 cents per share — the first quarterly loss since 1977 — has been realized by Agnico- Eagle Mines (TSE) for the second quarter ended June 30. The loss is attributed by m…
Heap-leach operation planned by Novagold
An open-pit gold-silver mine is planned by Novagold Resources (TSE) at Restigouche Cty., N.B., in the Bathurst area. Capital cost of the mine is estimated at $6.1 million. The Atlantic Canada Opportun…
Books in Review North American gold stocks book (September 05, 1988)
Buying and selling North American gold stocks holds the excitement, fascination and profit-potential of investing in other forms of gold, but with the measured prudence and rational decision-making re…
Leckie reserves increase
Drilling on the Leckie property has increased reserves to 193,000 tons grading 0.215 oz gold per ton, Stroud Resources (TSE) reports. Partner Exador Resources (TSE) is earning a 30% interest in the pr…
Metal Prices (September 05, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug 30 Aug 29 Aug 26 Aug 25 Aug 24 Copper 1392-1394 N/A 1398-1399 1396-1398 1378-13…
MacDonald Mines regains shares in Gallen mine
A group of shareholders representing more than 10% of the issued shares of COATS-listed MacDonald Mines is trying to breathe new life into the mining company. At a recent meeting in Montreal, the comp…
Editor’s note
I have subscribed to your paper for more than 25 years and have always eagerly read it, but was I ever astounded and disgusted to see in your Aug 15th issue the sole “Letter to the Editor” headed `Mad…
High grade gold on Roxy zone
Drilling is continuing on the Roxy zone where several drill holes have intersected high grade gold values across wide widths, Golden Rule Resources (TSE) says. Operated by Saskatchewan Mining Developm…
Continuity confirmed at depth: Mimiska
Additional drilling results have been reported by Mimiska Mining (ME) from its wholly-owned Fern Elizabeth gold property in northwestern Quebec. The company says the latest results confirm the continu…
Yukon busy at ex-producer in Slocan mining district
Exploration of the old underground workings at Yukon Minerals’ (ASE) Senator gold/silver claims near Slocan, B.C. is scheduled to begin almost immediately, the company said recently. Located 8 km sout…