Sonora Gold Corp
An operating loss of $2 million was realized by Sonora Gold Corp.’s (TSE) Jamestown gold mine in California for the first half of this year. The project, which generated revenues of $19.3 million from…
News
People (September 05, 1988)
GEXA GOLD — David E. Lindh appointed chairman of the board. People…
Montanna tunnels produce gold profits for Pegasus
With its Montana Tunnels project now fully operational, Pegasus Gold (NASDAQ) reported record net earnings for the second quarter of $7 million or 30 cents per share. Those earnings were 63% higher t…
Franco-Nevada tries to get full value from Goldstrike bet
Toronto-based Franco-Nevada Mining (TSE) is planning to make the most of its royalty interest in American Barrick Resources’ (TSE) Goldstrike property near Carlin, Nev. Franco-Nevada holds a 4% net sm…
FINANCING (September 05, 1988)
Fireball — gross proceeds rec $225,000. Hildon — gross proceeds rec $157,500. Pennilane — gross proceeds rec $105,000. Sukuma — 400,000 sold for gross $140,000. …
Bachelor Lake to spend $2m after securing Flordin bet
After securing Cambior Inc.’s (TSE) 51% stake in the Flordin gold property in Desjardins Twp., Que., Bachelor Lake Gold Mines (TSE) is preparing to raise $2 million for exploration at the project. Loc…
Book Reviews Canadian book on Iron and Steel
Metallurigical works in Canada, Primary Iron and Steel 1988 lists in detail the facilities, productive capacities, products and other data of companies that comprised the primary iron and steel indust…
Canamax drops Glimmer claims
Canamax Resources (TSE) has terminated its option on a gold property held by Glimmer Resources (VSE). Following the completion of a $450,000 exploration program, which included 17 diamond drill holes,…
Yukon busy at ex-producer in Slocan mining district
Exploration of the old underground workings at Yukon Minerals’ (ASE) Senator gold/silver claims near Slocan, B.C. is scheduled to begin almost immediately, the company said recently. Located 8 km sout…
MacDonald Mines regains shares in Gallen mine
A group of shareholders representing more than 10% of the issued shares of COATS-listed MacDonald Mines is trying to breathe new life into the mining company. At a recent meeting in Montreal, the comp…
Queries How to read stock tables and warrants
We just received our first issue of The Northern Miner and enjoy it very much. As president of an investment club here in Tokyo, I would like to have some information on how to read your stock tables….
News in Brief (September 05, 1988)
Belmoral Mines (TSE) says it has obtained $2 million in flow-through financing from CMP 1988 Resources Partnership and Company. The funds were obtained in consideration of Belmoral common shares at $2…