LAC MINERALS
For 9-month period ended Sept 30, 1988. In millions of dollars, except per-share figures. 1988 1987 (as of (as of Dec 31/88) Dec 31/87) Assets $795 $750.1 Long-term debt $0.778 $66.0 R…
News
Nevada Goldfields Aurora mill could be utilized by Freeport
An underground drilling program is under way at the southeastern end of Nevada Goldfields’ (NASDAQ) Kingston mine property near Austin, Nev., and initial results from the work are encouraging, says Al…
Falconbridge to keep shares held by McIntyre for moment
A plan of arrangement allowing shareholders of McIntyre Mines (TSE) to exchange each of their shares for either $64 cash or around 2.52 Falconbridge Ltd. (TSE) common shares, received both shareholder…
Chelsea lays out new plan at troubled Spotted Horse
A new leaner Chelsea Resources (VSE) is planning to increase production this year at the troubled Spotted Horse gold mine near Lewistown, Mont. After gaining control of the company, Chairman Fernando …
Montreal Exchange Trading action brisk
Investors were out in strong force during the week, with daily trading volumes ranging between 6.2 million and 9.75 million shares, and both the market portfolio and mining and minerals index capturin…
Letter to the Editor Exploration ban in parks results in millions
The announcement on May 17, 1988, that mining exploration would not be allowed in the newly- created park areas in Ontario resulted in the loss of millions of dollars worth of economic activity in Ont…
INSIDER TRADES (January 30, 1989)
American Ore — G. Oughtred bought 800,000 (Niv) @ 30 cents to hold 905,000. Bitech — Pamiba Est. sold 100,000 (Dec) @ 33 cents to hold 457,754. Broulan — H. Grightmire bought 30,000 (Dec) @ $1.62 …
CORONA CORP (excluding Williams Mine)
For 12-month period ended Sept 30, 1988. In millions of dollars, except per-share figures. 1988 1987 Assets $644.0 $617.4 Long-term debt $87.1 $125.1 Revenue $166.2 $102.1 Earnings …
Nickel a new aspect to Hudson Bay’s long history
The president of Hudson Bay Mining & Smelting (TSE), Lloyd Nilsen, runs the safest nickel- mining company in the country. Safe from takeovers, that is. His company’s 813,267 common shares (as of Decem…
Cominco Resources increases reserves at Lobo
The Maricunga gold district of northern Chile has at least one obvious parallel to Nevada’s Carlin district in that both regions have the kind of bulk tonnage gold potential that attracts or makes maj…
Noranda announces reserve figure at Mishibishu
Noranda Minerals President Keith Hendrick says Hemlo Gold (TSE), a Noranda subsidiary, has identified geological reserves of 1.7 million tons averaging 0.25 oz gold per ton on Central Crude’s (VSE) Ea…
BP Canada acquires Newfoundland option
An option to acquire four blocks of land comprising 120 claims in north-central Newfoundland has been acquired by BP Canada (TSE) from St. John’s promoter-prospector Lew Murphy. The property, which in…