FINANCING (November 28, 1988)
VANCOUVER Brooks Res. Ltd. — gross proceeds rec $315,000. Evergold Res. Inc. — gross proceeds rec $275,000. Silver Lake Res. — gross proceeds rec $175,000. Simon Fraser Res. Ltd. — min 500,000 off…
1988
Giant Yellowknife boosts third-quarter earnings
Consolidated earnings of $3.7 million (44 per share) on revenue of $36.7 million were reported by Giant Yellowknife Mines (TSE) for the third quarter of this year, compared with $3.1 million (44 per s…
Hecla Mining announces third quarter earnings
Hecla Mining reports earnings of $3.4 million(U.S.), or 12 a share, in the third quarter of 1988, bringing year-to-date earnings to $11.3 million, or 42 a share. This compares to earnings of $9.6 mil…
Calcined lime interests Aster
A decision to concentrate its efforts on the production of calcined lime from its Portage-du-Fort property in the Ottawa River region of Quebec has been taken by Aster Exploration (ME). The company se…
Letters to the Editor Seabright relationships clarified
Two letters concerning your reporting of mineral exploration activities in Nova Scotia (N.M., Oct 24/88) prompted this letter. Having recently moved to Thailand my main source of news about current de…
Access road to aid in development of Jualin property
Now that a 5.5-mi access road to the Jualin gold property in Alaska has been completed, partners International Curator Resources (VSE) and Granges Exploration (TSE) say work will continue year round a…
Demand for skilled miners continuing
While firmer metal prices have been stimulating Ontario’s mining industry recently, demand for skilled underground miners has also been continuing strong. According to a representative for the United …
Sun Valley rehabilitating United Western mine shaft
Rehabilitation work is under way at Sun Valley Gold Corp.’s (VSE) United Western project near Oatman, Ariz. The Arizona Central Shaft is presently being refurbished to allow access to existing undergr…
News in Brief (November 28, 1988)
Consolidated Andex Resources has changed its transfer agent to Pacific Corporate Services.
Sampling seminar
The Toronto Geological Discussion Group is sponsoring a seminar entitled Sampling, Sample Preparation and Assaying — The Basics, and How They Affect Ore Reserve Estimates. A topic of considerable int…
Bitech Energy drill results
Additional drill results from Bitech Energy Resources (ASE) continue to confirm the significance of the company’s gold discovery at its Nugget Pond property near Betts Cove, Nfld. Discovered earlier…
Newmont’s move results in $8.8 million loss
The decision by Newmont Mining Corp. (NYSE) to move its head office from New York to Denver in 1989 generated an $8.8 million loss for the third quarter, compared to a $21.4 million profit a year earl…