Gold funds as of May 23 (May 29, 1989)
BGR Goldcorp Central MVP Capital Net value $11.53% 6.86% 6.14% 0.63% Price $9.25% 4.000% 5.375% 0.38% Discount $19.77% 41.7% 12.5% 39.7% Value …
News
News in Brief (May 29, 1989)
Goldenbell Resources has amalgamated with ABM Gold Corp. under the latter name. Goldenbell shareholders will receive one class A common share of ABM for each three old shares held. ABM Gold is a U.S. …
Galactic restates 1988 earnings
U.S. gold producer Galactic Resources (TSE) has restated its 1988 consolidated financial statements in order to incorporate a more conservative accounting of cash and properties acquired last summer f…
Coral Gold Corp now listed on TSE
Vancouver-based Coral Gold Corp. (TSE) became listed on the Toronto Stock Exchange May 3, issuing 10.5 million common shares. A further 304,000 shares have been reserved. Coral is also listed on the V…
Boulder Gold plans to open U.S.’s only ferrochrome mine
A feasibility study completed by Australian company Boulder Gold N.L. for the Mountain View chromite property, suggests the project could become the first ferrochrome producer in the U.S. Located in …
McCoy/Cove production growing for Echo Bay
First quarter gold production rose by 12% for Echo Bay Mines (TSE) thanks largely to a major expansion program under way at the company’s McCoy/Cove mine in Nevada. Echo Bay’s total quarterly gold pro…
Ottawa foresees a prosperous future
Mineral producers in Canada face a more promising future than in recent years, a spokesman for the federal government said. “Clearly, the picture for the mineral producing side of the mining industry …
Hecla posts loss of $2.5 million
A net loss of $2.5 million or 9 cents per share was reported by Hecla Mining (NYSE) in the first quarter. This compares to earnings of $4.9 million or 18 cents for the same period last year. Produc…
Squeezed out of $150-m project Witte looks for `another Colomac’
Margaret (Peggy) Witte could be forgiven for feeling a twinge of bitterness if and when the first gold is poured from the Colomac gold project next year. After all, the 35-year-old metallurgist was …
Amax Gold results lower in quarter
Amax Gold (NYSE) reported net earnings of $9.2 million or 15 cents per share in the first quarter of 1989 compared to $12.5 million or 21 cents for the same period of the previous year. Earnings w…
Cogema drills gold in Burntbush area
Drilling by Cogema Canada, a wholly-owned affiliate of Cogema, the French nuclear fuels company, has encountered gold values on a 312-claim property in the Burntbush River area of Ontario. An extensio…
Stronger dollar affects earnings of Hemlo Gold
A stronger Canadian dollar was partly to blame for reduced earnings during the first quarter of this year, Hemlo Gold Mines (TSE) reports. The company, controlled by Noranda Inc. (TSE), says it receiv…