Earnings Report (December 12, 1988)
Queenstake Resources (TSE) of Vancouver reports net earnings for the 3-month period ended Sept 30, of $398,687 or 4 per share on revenue of $4.8 million. For the same quarter a year earlier the compa…
News
Falconbridge Gold launch to go ahead in new year
With an unwanted suitor waiting in the wings and continuing uncertainty in the market place, late January may not be the best time to launch a gold company. But Falconbridge Ltd. (TSE) will go ahead a…
Convention reflects industry strength
There was a surprising unanimity of opinion on the future of the United States precious metals industry by key executives at the Northwest Mining Association convention held here recently. A special f…
INSIDER TRADES (December 12, 1988)
Amer Chromium — Savanna Res bought 500,027 (private) @ 10 to hold 10,410,726. Belmoral — A. Brown sold 16,500 (Oct) @ $1.69-1.85 to hold 1,005,931. F. Brown sold 17,000 (Oct) @ $1.67-1.80 to hold 84…
The value of metal investors and speculators
Although it may not be palatable to some people, the feeding frenzy behavior of groups such as the many investors in metals, constitutes a vital component of the market that provides price discovery f…
No changes at Landmark if Sceptre bags Oakwood
After a 2-year effort to restructure the $320-million debt load of its 48%-owned affiliate Oakwood Petroleums, Landmark Corp. (TSE) has finally found a buyer for the beleaguered company. If creditors …
Queenstake expects record year for placer gold production
By year-end, Queenstake Resources (TSE) expects it will have produced a total of 13,800 fine troy oz from its placer mining operations in British Columbia and the Yukon Territories, making 1987 its se…
Inco wins award for efficiency
Inco Limited (TSE) in Thompson, Man., has won the provincial award for efficient electrical energy use in industry, it was announced recently by the Canadian Electrical Association and Manitoba Hydro….
Query Old Mining stocks of no value
I would like information on some old mining stocks from the late 1940s and early 1950s. My father bought 700 shares of a penny stock called Yukon Galena Hill Mines in 1948-49. He also has a certificat…
Beauchamps, Aurizon in option agreement
An option agreement has been entered into by Aurizon Mines (TSE) and Beauchamps Explorations (VSE) whereby the former may acquire a 51% interest (subject to a 2.5% net smelter return royalty) in four …
Pacific Comox drilling Yukon claims
Assays from a recent drill program on the TAY-LP claims west of the Ketza River gold mine were released by project operator, Pacific Comox Resources (VSE). The company is earning a 49% interest in the…
Val d’Or, Abcourt check previous drill results
A re-interpretation of old drill holes from the Bardome gold project located 30 miles from Val d’Or, Que., has been undertaken by joint- venture partners Val d’Or Resources (ME) and Abcourt Mines (ME)…