Echo completes Cameron Lake study
Echo Bay Mines (TSE) is still tallying up the results of a feasibility study on Nuinsco Resources’ (TSE) Cameron Lake gold property in northwestern Ontario. But Nuinsco President Doug Hume said he exp…
News
News in Brief (September 12, 1988)
A $5.74-million rights offering has been completed by Citadel Gold Mines (TSE). The company issued 1,382,687 common shares and an equal amount of flow-through shares. Bernard Sherman and his private h…
Strong metal prices boost Metall’s financial results
Still in the hunt for some acquisitions to beef up its base metals portfolio, Metall Mining (TSE) of Toronto has benefitted financially from stronger metal prices, the company announced recently. Amon…
Toronto Stock Exchange Golden Knight’s aparkle, exception to dull
What little market enthusiasm developed over news from the United States that the red hot economy appears to be cooling, generated almost no response from the metals sectors. In fact, any sign that in…
Hycroft Reports Revenue from Nevada Mines
With two heap leach gold mines in Nevada now in production, Hycroft Resources & Development (VSE) reported an operating profit of $2,397,071 and a net loss of $1,462,268 (or 11 cents a share) for the…
Radisson gets good results at Duquesne
Radisson Mining Resources (ME) says it will take a large bulk sample from a former gold producer called the Duquesne property as the next step in a major underground program. Results from a 23,000-ft …
Central Crude’s Mishibishu find ignites interest
Important looking ore findings on the Eagle River gold property of Central Crude Ltd. (VSE) are igniting exploration interest in the Mishibishu area just 30 miles west of here. Until recently a relati…
Seabright Explorations plans bulk sample
A 10,000-20,000-tonne bulk sample is planned for the Touquoy zone at the Moose River gold project in Nova Scotia, Seabright Explorations (TSE) reports. The proposed sampling area has been stripped. A …
Louvem earnings (September 12, 1988)
A net loss of $409,000 (3 cents per share) was reported by Louvem Mines (TSE) for the first half of 1988, compared to a net gain of $527,000 (4 cents per share) for the same 6-month period in 1987. Lo…
Metals Market Spot prices at a glance
Week’s Price (US) Change Gold (per oz) $427.00 + $ 0.65 Silver (per oz) $ 6.51 + $ 0.05 Platinum (per oz) $526.00 $ — Copper (per lb) $ 1.07 $ — Lead (per lb) $ 0.28 …
New Pamour boss named
The Pamour group of companies has a new chief executive officer. An Australian, Adrian Fleming, will move over from his position as executive director exploration of parent firm Giant Resources to ass…
B.C.’s mining industry rankles at park decision
British Columbia’s mining industry reacted strongly to a new ban on resource development in Strathcona Park, the primary recommendation of a recent report by the Strathcona Park advisory committee. To…