Earnings Reports (December 12, 1988)
Freeport-McMoran Gold (NYSE) reports net income for the 3-month period ended Sept 30, of $6.58 million(US) or 16 per share on revenue of $27.3 million. For the same quarter a year earlier the company…
News
Editorial Mining a poor cousin in New Brunwick
More investment dollars continue to be spent on precious metals exploration in Canada than on base metals. This despite base metals reserves dwindling and base metals prices booming. The reason, perha…
Curragh seeks interest in American Pacific Mining
Toronto-based Curragh Resources, a private company which owns and operates the Faro lead and zinc mine in the Yukon Territory, has declared its intent to acquire an interest in American Pacific Mining…
Chesbar, Murgold set sights on mid-1989 gold production
The Chester Twp. gold project in northern Ontario being developed by Chesbar Resources (TSE) and Murgold Resources (TSE) could be operational by early summer, 1989. Chesbar President J. T. Flanagan sa…
People (December 12, 1988)
SISCOE CALLAHAN MINING — Brian Game appointed to the board of directors succeeding Shirley Dyer who has resigned.
Duration re-acquires interest in Theresa
Duration Mines (TSE) has reached an agreement with Redpath Ltd., a mining contractor, which will return ownership of the Theresa mine project near Longlac, Ont., back to Duration. Last summer, Redpath…
Noranda limited in offers to purchase Falconbridge stock
While recently announcing its plans to acquire up to a further 10% (about 7.4 million shares) of the stock of Falconbridge Ltd. (TSE), Noranda Inc. (TSE) has chosen to make normal course purchases not…
Placer Dome: North American favorite
What North American gold stock do institutional investors favor? Placer Dome Inc. (TSE). According to analysts Rick Cohen, Brian Flower and Elaine Howell of James Capel & Co., shares of Placer Dome re…
Exploration chief sought by LAC
Gold producer LAC Minerals (TSE) is looking for a new vice- president exploration. Robert Valliant, appointed to the position in the spring of this year, has left the firm. Valliant, who had been with…
Flexible immigration provisions key to U.S. markets
Now that the free trade agreement is a certainty, its new immigration provisions should result in at least a 50% increase in Canadians doing business in the United States. According to Joseph Grasmick…
Alberta Stock Exchange Copper gets attention
With gold prices off slightly, investors were turning their attention to copper this week. Following an announcement that a high grade copper showing has been found at the Rambler property near Baie V…
Shaft being sunk on Acadia’s Mooseland
A 3-compartment, rectangular shaft should be completed on Acadia Mineral Ventures’ (TSE) Mooseland property in Nova Scotia by mid-summer, 1989, according to Grant Bye, project manager. Speaking at the…