News in Brief (August 08, 1988)
Coeur D’Alene reports net income of $3.6 million(US) on revenue of $17.7 million during the second quarter of 1988 compared with $2.5 million on revenue of $9.9 million for the same period in 1987. Ne…
News
Obituaries Thomas J. McQuillan
Thomas J. McQuillan, one of British Columbia’s best known prospectors , died at White Rock, B.C. recently after a lengthy illness. He was 70. McQuillan was born in Nanaimo and, as a young man, worked …
La Fosse drilling uncovers pair of massive sulphides
A drilling program this year at its Gerido division in northern Quebec has uncovered two platinum/ palladium and gold bearing massive sulphide, copper-nickel deposits, La Fosse Platinum (TSE) reports….
Metalore action dismissed by court
An action brought by Metalore Resources (TSE) against Ontex Resources (ASE) alleging conspiracies in relation to a lawsuit launched by Ontex against Metalore has been dismissed by an Ontario Supreme C…
Quebec mining ventures studied
A report published this year on mining projects in Quebec operated by French-Canadians says the typical enterprise has about 4 million shares in circulation which are in the hands of 400 shareholders….
Noranda/BP Nfld project shows significant values
Eight holes drilled since the middle of July at the Tally Pond- Duck Pond polymetallic project in central Newfoundland have intersected significant values, joint venture partners Noranda Inc. (TSE) an…
Hemlo Gold reports drop in earnings
Second-quarter earnings of $10.6 million (12 cents per share) on revenue of $44.5 million were recorded by Hemlo Gold Mines (TSE), compared with $12.2 million (14 cents per share) on revenue of $47.2…
Metal Prices FUTURES PRICES (August 08, 1988)
N.Y. Commodity Exchange High Low Close Change COPPER (in US cents per lb.) Aug 90.40 89.10 89.35 — 6.65 Sep 91.80 89.40 89.70 — 4.30 Dec 88.75 86.35 …
Increased Production Boosts Earnings for Coeur d’Alene Mines
The strong financial results tallied up by Coeur d’Alene Mines (ME) during the second quarter of 1988 are primarily due to increased production of gold and silver from the Rochester mine, the Idaho-ba…
Cominco Resources ups reserves at Chile gold mine project
With one gold mine project in Chile slated to begin production in early 1989, Cominco Resources International (TSE) appears to have the makings of yet another still in the wings. The international min…
Investment Comment High grade ore makes Skyline a buy
It isn’t often that a company can contemplate a production decision with reserves of less than 130,000 tons in the ground. But at the Johnny Mountain gold property in northwestern British Columbia, th…
Battle Mountain/Centurion Team Up To Develop California Gold
A gold property located at the north end of California’s famed Mother Lode district has become the subject of a joint venture agreement between Battle Mountain Gold (TSE) and Centurion Gold (VSE), a V…