Battle Mountain earnings up
Low production costs and increased gold sales were responsible for a third-quarter earnings increase of 26% compared with last year’s result s, Battle Mountain Gold (TSE) says. Third quarter net incom…
News
Canadian output becoming important to Bond Int’l
Canadian operations contributed a tiny but growing part of the 342,900 oz of gold produced by Bond International Gold for the company’s fiscal year ended June 30. The Golden Patricia mine, which began…
Toronto Stock Exchange Market slips in spite of gold’s breakout to
The price of gold today climbed more than $10 with New York’s Comex November contract closing at $421.80(US) and most of Toronto’s gold issues followed. But that wasn’t enough to carry the entire TSE…
Jascan and Atlantic plan amalgamation
Agreement in principle has been reached between Jascan Resources (TSE) and COATS-listed Atlantic Goldfields to an amalgamation of the two companies. An independent financial adviser will be retained t…
News in Brief (November 07, 1988)
Kam Creed Mines has amalgamated with its wholly-owned subsidiary Cuvier Mines Inc. Cuvier shareholders receive one Kam share for each two Cuvier shares.
HudBay reports lower earnings
Third-quarter net earnings of $2.1 million(C) on revenue of $88.6 million were reported by Hudson Bay Mining & Smelting (TSE) compared with $13.5 million on revenue of $80.2 million for the same perio…
Westbank find in Ben Nevis
Westbank Resources (VSE) has discovered a polymetallic showing on its property in Ben Nevis Twp., Ont. The find is located less than a mile from the Peter Roche showing on which a 325-ft shaft was sun…
MinVen faces delay at Gilt Edge mine
Leaching operations have been delayed at MinVen Gold Corp’s (TSE) Gilt Edge mine in South Dakota because of a leakage problem with a leach pad. Seepage was detected in the upper liner of the multiple-…
Vancouver Stock Exchange (November 07, 1988)
Although eastern markets and the Canadian dollar slumped in sympathy with the Tory drop in the polls, the VSE ignored all that and had one the busiest, most exciting trading periods seen here for quit…
FUTURES PRICES Metal Prices (November 07, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 148.50 147.50 148.40 — Dec 144.30 138.00 141.90 + 7.50 Mar 121.00 116.30 119.40 — …
INSIDER TRADES (November 07, 1988)
Borealis — R. Cox sold 35,800 (Sept) to hold 111,936. Brenda — Noranda bought 72,000 to (Sept) hold 2,412,020. Campbell Res — R. Lister bought 2,435 (Sept) to hold 441,627. Cominco — Teck bought 1…
Stratmin graphite mining set for February, 1989
Stratmin Inc. (ME) has signed a 15-year agreement with Asbury Graphite Mills which gives Stratmin the right to lease and operate Asbury’s mill near Notre- Dame- du-Laus, Que. The lease will enable Str…