Cheni names new chairman
Edwin Phillips is the new chairman of Cheni Gold Mines (TSE), whose key asset is the producing Lawyers gold- silver mine in the Toodoggone district of northern British Columbia. Phillips, chairman of …
News
Toronto Stock Exchange Middle East crisis takes toll as investors
The Persian Gulf crisis continued to take its toll on the stock market during the week ended Aug. 21, as nervous investors struggled to protect themselves from unfolding developments. Today, Aug. 22, …
Conventional smelting yields 85-95% recovery for Jonpol gold ore &
Conventional flotation and smelting will recover 85-95% of the contained gold in ore from the Newfield project in Garrison Twp., Ont., according to recent metallurgical testing. T&H Resources (TSE) ho…
Trimin agrees to sell stake in Hanson Lake to Billiton
Vancouver-based Trimin Resources (TSE) has agreed to sell its 32.9% stake in the Hanson Lake polymetallic deposit to Shell Group affiliate Billiton Resources Canada Inc. for $17.5 million cash. Situat…
QPA convention
The 16th annual convention of the Quebec Prospectors Association will take place Sept. 12-14 at Val d’Or, Que. Theme of the conference, and topic of a panel conference on the Thursday morning followin…
Spot prices at a glance (August 27, 1990)
Week’s Price (US) Change Gold* $410.00 + $8.50 Silver* $5.12 — $0.01 Platinum* $500.25 + $4.00 Nickel** $5.13 + $0.14 Lead** $0.40 + $0.01 Copper- $1.33 — $0.01 Zinc– $0.73 — $0.02 Courtesy of Sco…
Placer Dome earnings soar
The 1990 second-quarter financial results from Placer Dome (TSE) show a jump in net earnings to $80.8 million, or 34 cents per share, compared with net earnings of $31.5 million or 14 cents per share …
Freewest, Noranda excited Lightning gold zone yields best hole yet
Five drills continue to probe the potential of the Lightning gold zone on the Harker-Holloway property of 60/40 partners Noranda (TSE) and Freewest Resources (ME). This week, the joint venture release…
U.S.REPORT Asset sale hikes CoCa Mines income
Denver-based CoCa Mines (TSE) reports net income of US$586,100 (5 cents per share) on revenue of $5.3 million for the quarter ended June 30, compared with a net loss of $399,700 (4 cents per share) on…
Letter to the editor Kirkland Lake `an entity unto itself’
Since when is Matachewan near Timmins, Ont., in relation to mining concerns? It is within the Larder Lake mining division, and the Ministry of Northern Development & Mines Office overseeing the distri…
Joutel rights offer
Toronto-based Joutel Resources (TSE) has raised nearly $711,500 from a recent shareholders’ rights offering which was fully subscribed for the maximum of 4.4 million units. Under the terms of the righ…
Quarterly earnings drop as Rayrock boosts exploration
Despite higher revenues, Rayrock Yellowknife Resources (TSE) reported a 50% drop in second- quarter earnings this year. Net income for the three months ended June 30 was $1.65 million (16 cents per sh…