Cons TVX reports increased earnings
Third quarter earnings for Consolidated TVX Mining Corp. (TSE) was $3.3 million or 11 per share compared to earnings of $1.7 million or 7 per share realized in the same period last year. The company…
News
Northgate sill positioned to pursue acquisition tack
With $178.6 million in cash and investments worth $125.9 million Northgate Exploration (TSE) remains in a strong position to pursue its acquisition strategy. The Toronto company recently reported unau…
Canadian apartheid?
Regarding your editorial “Flin Flon shouldn’t suffer for Apartheid.” (N.M., Oct 31/88): Apartheid is not an English but Dutch word, meaning separation. According to The Northern Miner, Canadians abhor…
DRX sells Randsburg claims to Echo Bay
Having sold a portion of its Randsburg, Calif. gold claims to the U.S. exploration wing of Echo Bay Mines (TSE), New York-based DRX Inc. is contemplating what to do with the proceeds. DRX is a holding…
Vancouver Stock Exchange War Eagle comes back to earth
Another high flyer came down to earth this week in a less than stately fashion — War Eagle Mining. Naming it after a bird of prey seems all too appropriate, especially for the investors who bought th…
Nickel showing in virgin area spurs staking
A recently discovered nickel- copper showing about 70 miles northwest of Chicoutimi, Que., has sparked a staking rush in the past four weeks. The showing is on the northeast corner of a large anorthos…
Canamax reports higher revenues
Gold production from three new Canadian gold mines was reflected on Canamax Resources’ (TSE) recent financial results. The company reported that revenues for the three months ended Sept 30, increased …
Tarzan completes diamond drilling
Tarzan Gold Inc. (ASE) has recently completed diamond drilling of hole 88-1 on the Main East Zone downward extension of the Joburke mine to a depth of 372.4 m to intersect the ore zone extensions at a…
COATS Trading Features (November 21, 1988)
This week, Mount Pleasant Resources reached an agreement with Cambior whereby it will receive Cambior’s 89% interest in Brunswick Tin Mines Ltd. Mount Pleasant already owns 11% of the issued shares of…
Uranium giant plans major diversification
Within five years, 25% of revenues at Cameco — a Canadian mining and energy company — are expected to come from non-uranium sources, The Northern Miner learned during a series of wide-ranging interv…
Blackdome earns $2 million
A net income of $2 million or 24 per share has been reported by Blackdome Mining (TSE) for the first nine months of 1988. This compares with $5.1 million or 61 for the same period a year ago. The com…
Silverside, LAC build up tonnage
Encouraging drilling results from the Garrison gold property in northeastern Ontario have been released by Silverside Resources (TSE) and program manager LAC Minerals (TSE). WidthGrade Hole (ft) (o…