Gold funds as of Nov 22
BGR Goldcorp Central MVP Capital Net value $12.33% 9.36 7.29 1.03 Price $10.125% 6.250 6.12 0.67 Discount $17.88% 33.3% 16.0% 35.0% Value $73,395,449 164,…
News
Gamsan drilling Brabant Lake bet
Edmonton-based Gamsan Resources (ASE) has raised $317,000 for drilling on its Brabant Lake polymetallic property in Saskatchewan. Gamsan says an initial 1,000-m drill program will be under way soon on…
Silverado starts up Alaskan gold project
Mining of ore from the newly stripped Ready Bullion shear structures is under way at its wholly- owned Grant gold project in Alaska, Silverado Mines (VSE) reports. The project is located on Ester Dome…
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…
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…
Hughes and McAleer out after Whim Creek dispute
Australian gold producer Whim Creek Consolidated has signalled its displeasure with some recent developments involving the company by replacing Chairman Pat Hughes and chief executive officer Peter Mc…
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…
Books in Review Canadian Institute of Resources Law
The Reference Guide to Mining Legislation in Canada is a revised and updated version of a publication that the Canadian Institute of Resources Law first produced in 1985. That publication had its orig…
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 …