Newfoundland exploration surge
Largely bypassed in recent years, the Province of Newfoundland is witnessing quite an exploration boom these days, The Northern Miner gathers. Three years ago saw less than $10 million spent on minera…
News
COATS trading features (November 28, 1988)
Mining issues drifted lower on COATS this week. Crabbie-Fletcher Gold Mines bucked the trend, and moved up 10 to close in the 43 -48 range. Craibbe owns ground adjacent to the Campbell Red Lake mine…
Newfoundland’s biggest gold play Noront teams up with Noranda
With three diamond drills starting up this week, a major grass roots exploration program quietly under way over the past two years by Noranda Exploration on a huge spread of almost virgin ground in no…
Sierra Madre signs agreement with Jamie
Sierra Madre Resources (VSE) has signed an option agreement with Jamie Frontier Resources (COATS) giving Sierra the right to earn a 50% interest in Jamie’s Todd gold property. Located near Red Lake, O…
Ivanhoe Capital makes private placement in War Eagle
A private company founded by Robert Friedland, president of Galactic Resources (TSE), and Eric Friedland recently made a $1.2 million private placement in War Eagle Mining (VSE), which owns the War Ea…
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,…
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…