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 …
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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…
Vancouver Stock Exchange Vancouver market plunges in wake of Eskay
Both the Vancouver Stock Exchange Resource Index and Composite Index fell steeply over the week ended Aug. 21, shedding 43.44 points and 36.95 points respectively, or about 5% each. The stark black an…
Eastern follows up geochemical anomaly
Follow-up work is under way at the Shamrock property in Newfoundland, where Eastern Goldfields (COATS) has outlined a geochemical gold anomaly. Eastern is completing a program of trenching and samplin…
Adonos takes option on Costa Rican bet
Vancouver-based Adonos Resources (VSE) has exercised its option to acquire a Costa Rican gold property from Black Cliff Mines (TSE), its parent company. The 79-sq.-km property hosts the Beta Vargas go…
Colchis gears up for drilling at La Ronge
Joint venture partners Colchis Resources (VSE) and Pine Channel Gold (VSE) are completing preparations for a 6,500-ft. drilling program on their single claim in the La Ronge Belt of Saskatchewan. The …
U.S. REPORT USMX income takes a dip
Net income for the second quarter ended June 30, for USMX (NASDAQ) was reported as US$176,000 or 1.3 cents per share on revenues of US$1.9 million. This compares to net earnings of US$609,000 or 4.4 c…
Insider Trading Black Hawk board granted options
The entire board of Toronto- based Black Hawk Mining (TSE) has been positioning itself to take advantage of any developments relating to the company’s U.S. and Canadian nickel projects. According to t…