Pine Point results
Net earnings realized by Pine Point Mines for the 9-month period ended Sept 30, totalled $21.4 million or $4.62 per share. This compares with a net loss of $4.6 million or $1.02 per share realized dur…
News
Correction (November 09, 1987)
Contrary to what was reported in our issue of Oct 19, Tony H. Ransom is president of Pamorex Minerals Inc.
Lornex ups earnings
Lornex Mining Corp. realized net earnings of $26.8 million or $3.25 per share for the 9-month period ended Sept 30. During the same period last year, the company earned $20.1 million or $2.43 per shar…
MSV share buy nets Kerr two gold plays
An agreement to purchase about a 20% interest in junior-mining company MSV Resources has given Kerr Addison Mines a stake in two promising gold properties in northern Quebec. Kerr and msv have worked …
Barrick’s earnings up more than 50%
American Barrick Resources reports net income of $11.7 million or 34 cents per share on revenue of $83 million for the first nine months of 1987 compared with net income of $11.4 million or 28 cents …
Green Diamond gets Destor claims
Alberta-listed Green Diamond Oil Corp. has acquired a 1,500-ac claim group in the southeast corner of Destor Twp. in the Rouyn- Noranda, Que. region. Accessible by road, the property is located 22 mil…
Encouraging results by Gunnar, Mill City
Results continue to be encouraging from the 11,000-ft drilling program of Gunnar Gold and Mill City Gold on their joint venture Tyranite gold mine property near Gowganda in northern Ontario, the compa…
Bachelor Lake hopes for turnaround by 1988
According to the ancient adage, mines are made not found. Or to put it another way, it’s not finding but making the mine which separates the sheep from the goats of the mining world. Few companies kno…
Toronto Stock Exchange U.S. dollar weakness underlies market
Struggling equity markets around the world continued to display signs of fragility as nervous investors watched market indices move over wide ranges all week long. In the U.S., the Federal Reserve Boa…
Baden/Keld’Or
The first phase of a reverse circulation drill program has been completed by Baden Explorations and joint venture partner Keld’Or Resources. The work was completed on their gold property near Carefree…
Midland Energy to acquire Rayrock’s Latin prospects
Midland Energy Corp. of Vancouver will quadruple the value of its ore reserves and increase its exposure to Third World mining by acquiring Rayrock Yellowknife Resources’ Chilean, Ecuadorian and Costa…
Metal Prices FREE MARKET (November 09, 1987)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Nov. 3 Nov. 2 Oct. 30 Oct. 29 Oct. 28 Copper 1223-1224 1194-1196 1175-1178 1145-1…