People (June 06, 1988)
Royex Gold Mining Corp – Peter McBride appointed director, public and investor relations and Igor Levental, director, acquisition and evaluations…
News
Hudson Bay’s Ruttan mine on hold as strike called
Operations at Hudson Bay Mining and Smelting’s (TSE) Ruttan copper mine at Leaf Rapids, Man., are at a standstill after 330 employees called a strike at midnight, May 31. In the latest setback for the…
Toronto Stock Exchange Resource issues lead strong advance
Like a breath of fresh air on a humid Toronto afternoon, a 3-day rally which has added more than 100 pts to the composite index couldn’t have come at a better time. With the market testing post-crash …
Stratabound gets funds for Indin Lake drilling program
Through a number of private placements and flow-through share agreements, Calgary-based Stratabound Minerals (ASE) has raised about $800,000 to finance exploration on its New Brunswick and Northwest T…
Montreal Exchange Market aims higher
A quiet market this week — volume slipped to 2.6 million shares one day — suddenly turned bullish on the final day of our report period, with the market portfolio gaining more than 39 pts and the mi…
Mascot reports operating profit
The Nickel Plate mine of Mascot Gold Mines (TSE) reported an operating profit of $8.3 million for the quarter ended March 31. During that period, Mascot paid off $10 million of its gold loan, equivale…
Omni leasing Venus mill to process Skukum ore
By leasing the former Venus mill from an affiliate, Omni Resources (VSE) hopes to have its Skukum Creek gold property in production later this summer. The mill was previously leased from United Keno H…
Royex reports 2nd-quarter income of $1.2 million
Net income of $1.2 million before unusual items and $3.4 million (4 cents per share) after unusual items was reported by Royex Gold Mining (TSE) for the second quarter ending March 31. For the same pe…
Cambior earnings up
First-quarter earnings jumped 16.3% compared with the same period in 1987, Cambior Inc. (TSE) reports. Net earnings were $3.6 million (15 cents per share) on revenue of $26.6 million, compared with $…
Newmont Gold’s reserves up 55% to 31 million oz
Just three months after Newmont Gold announced a $404-million program designed to develop its gold deposits on the Carlin trend in Nevada, the expansion policy is beginning to pay off. While reserves …
Sigma earnings up, Kiena income slips
Net income of $1.9 million (23 cents per share) on revenue of $10.3 million was repomted by TSE-listed Sigma Mines (Quebec) for the first quarter this year, compared with net income of $1.67 million (…
LAW DIRECTORS BEWARE
As a director or officer of a corporation carrying on business in Ontario, you might not know that you could be liable to a fine in the order of several tens of thousands of dollars and/or imprisonmen…