Cons TVX reports increased earnings
Third quarter earnings for Consolidated TVX Mining Corp. (TSE) was $3.3 million or 11 per share compared to earnings of $1.7 million or 7 per share realized in the same period last year. The company…
News
Northgate sill positioned to pursue acquisition tack
With $178.6 million in cash and investments worth $125.9 million Northgate Exploration (TSE) remains in a strong position to pursue its acquisition strategy. The Toronto company recently reported unau…
Vancouver Stock Exchange War Eagle comes back to earth
Another high flyer came down to earth this week in a less than stately fashion — War Eagle Mining. Naming it after a bird of prey seems all too appropriate, especially for the investors who bought th…
Metal Prices FUTURES PRICES (November 21, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 142.70 136.60 136.90 — 11.90 Dec 135.80 129.50 …
Golden Rose Mine Creates Loss for Noramco Mining
Beleaguered shareholders of Noramco Mining Corp. (TSE) won’t find much comfort in the company’s latest financial results which show a loss of $7.92 million (49 per share) for the first six months of …
Work resumes at Gowganda bet
Work on the Gowganda, Ont., silver property to complete an exploration program started in 1987 has been started by Sandy K. Mines, a private company owned by NLX Resources (TSE). This year’s program w…
American Barrick reports 31% jump in net earnings
The 31% increase in net earnings for American Barrick Resources (TSE) in the first nine months “reflects strong growth in production, a substantial increase in operating income and a higher averaged r…
Wye Resources drilling yields positive results
COATS-listed Wye Resources has reported positive drill results from the Saganaga property located near Kashabowie, 140 km west of Thunder Bay, Ont. The 43-claim property is under option from Curran Ba…
Augmitto option
Augmitto Explorations (TSE) has acquired an option to earn a 51% interest in the Bazooka property, adjacent to the western boundary of Augmitto’s gold property near Rouyn, Que. Under the terms of the …
Ketza ore reserve mishap puts PTO near bankruptcy
A serious ore reserve miscalculation at the Ketza River gold mine near Ross River, N.W.T., has put Pacific Trans-Ocean Resources (TSE) in a financial quandary. A joint venture partner with Canamax Res…
Metal Prices (November 21, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Nov 15 Nov 14 Nov 11 Nov 10 Nov 9 Copper 1700-1705 …
Finor drill results
Confirmation of gold mineralization on Courville Twp. property located about 20 miles northeast of Val d’Or, Que., has been reported by Finor Exploration (ME). Finor, optioning the property from Parqu…