Pegasus reports record nine month earnings
Record earnings are reported by Pegasus Gold for the first nine months of 1987. Profits rose to $11,060,000 or 54 cents per share on sales of $70,394,000; up from $1,989,000 or 15 cents per share on …
News
Cheni doubles gold reserves at Toodoggone
Gold reserves at the Lawyers property have been almost doubled, project operator Cheni Gold Mines says. Located in the Toodoggone area of north central B.C., the property is being readied for producti…
Editorial Flame in the miner’s lamp
Can you read anything of much significance to the mining industry in the fact that a miner’s lamp has helped start the Olympic torch on its long journey to Calgary, site next February of the 15th Wint…
Panorama plans feasibility work
Working to reach the feasibility stage at two U.S. gold projects next year, Panorama Resources reports encouraging results from its recent drilling programs. At the Spanish mine property near Nevada C…
Mahogany assays from Fork Lake David D.
Initial drill results have been received from Mahogany Minerals Resources’ Fork Lake project in the La Ronge area of northern Saskatchewan. Mahogany has a 19% carried interest in the discovery which i…
Quintette contract talks threaten production
A bid by the Japanese steel industry to renege on long-term contracts it signed with Quintette Coal Ltd. may force the company to close its controversial coal project in Peace River, B.C. In the lates…
Flow-through equips Power for Dryden area ventures
Toronto-based Power Explorations has added $3,103,325 to its treasury through a recent flow- through share issue and by exercising some Series A warrants, the company says. As a result, Power is fully…
Galveston merger approved
Shareholders approved the merger of a wholly- owned subsidiary of Galveston Resources with Blackbird Resources at an extraordinary general meeting. The complex deal will involve a reorganization of Ga…
Metal Prices (November 23, 1987)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Nov. 17 Nov. 16 Nov. 13 Nov. 12 Nov. 11 Copper 1412-1413 1450-1460 N/A 1355-1365 1465-1…
Bio-heap leaching idea to get test in California
Coastech Research Inc. of Vancouver has teamed up with Chester Millar, president of heap-leaching experts Glamis Gold to form a new public company, Biomet Technology Inc. Together, they have raised $5…
Aber and Hemisphere drilling NWT prospect
Joint venture partners Aber Resources and Hemisphere Development have resumed drilling their Sunset Lake polymetallic project located 70 miles northeast of Yellowknife, N.W.T. Encouraged by initial dr…
Equity Silver profits higher
Profits for the first nine months for Equity Silver Mines rose to $3,916,000 or 13 cents per share on revenues of $60,593,000. This compares to a loss of $583,000 or 2 cents per share on revenues of…