INSIDER TRADES (December 12, 1988)
Amer Chromium — Savanna Res bought 500,027 (private) @ 10 to hold 10,410,726. Belmoral — A. Brown sold 16,500 (Oct) @ $1.69-1.85 to hold 1,005,931. F. Brown sold 17,000 (Oct) @ $1.67-1.80 to hold 84…
1988
Books in Review Nevada Mines’ report
Nevada Mines and Geology Special Publication MI-1987, “The Nevada Mineral Industry — 1987,” is now available. This publication is ninth in a series of annual reports that summarize mining, oil and ge…
Chevron, Manville become joint owners of Stillwater mine
The Stillwater platinum- palladium mine in Montana now has two owners. The board of directors of Manville Sales Corp. has approved a deal whereby Manville and Chevron Resources will purchase the one-t…
Vancouver Stock Exchange Pezim companies dominate trading
Heavy exploration activity in Northwestern British Columbia for both gold and copper and the promotional abilities of Murray Pezim, can be collectively credited with generating the lion’s share of rec…
Ronrico busy at Louvicourt mine
A production decision could come in the new year for the Simkar gold project near Val d’Or, Que., Ronrico Explorations’ (VSE) President Donald Kemp told shareholders at the company’s annual meeting in…
United Keno Hill files prospectus
Silver producer United Keno Hill Mines (TSE) of Toronto says it is filing a preliminary prospectus with respect to its previously announced rights offering to shareholders. The preliminary prospectus …
Kenora Prospectors reports encouraging drill results
COATS-listed Kenora Prospectors and Miners has reported more encouraging values from follow-up drilling on the Shoal Lake gold property located 40 miles west of Kenora, Ont. One of the target zones of…
Reduced earnings for Malartic Hygrade
Net income of $543,363 (14 per share) on revenue of $5.7 million was recorded by Malartic Hygrade Gold Mines (Canada) (VSE) during the first nine months of 1988, compared with $3.3 million (91 per sh…
Dolphin encouraged by Cape Ray results
Recently winding up its 1988 exploration program at its Cape Ray gold project in southwestern Newfoundland because of climatic conditions was Dolphin Explorations (TSE). About 56,700 ft of core sample…
Pegasus plans shareholder protection
The novel shareholder protection rights program adopted by Pegasus Gold Corp. (TSE) is designed to prevent “creeping takeovers and other coercive acquisition tactics,” the company says. The plan has b…
Higher base metals prices boost Westmin earnings
Higher base metal prices brightened the financial picture considerably for Westmin Resources (TSE) during the first nine months of 1988. The company reported net earnings of $16,066,000 or 9 per commo…
J.A.G. pondering on-site test mill
Encouraging results have been received by J.A.G. Mines (ME) from underground sampling of the Aubelle vein at the Belleterre property in northwestern Quebec. Average grade of the assays of 10 bulk samp…