Aur earnings decrease
On target to begin production at the Kierens zone gold deposit near Val d’Or, Que., later this month, Aur Resources (TSE) of Toronto has reported a drop in its 9-month earnings. Earnings before deferr…
News
Mining industry would help fund acid mine drainage research
A commitment by the Canadian mining industry to help fund a program of environmental research into the long-term management of waste rock and tailings has been announced by the Mining Association of C…
Placer gets Amoco stake in Detour Lake gold mine
Placer Dome Inc. (TSE) has become a wealthier and slightly larger gold producer following the closing of a $5.5 billion acquisition of Placer Dome Petroleum by Amoco Canada Co. When the largest merger…
Black Swan gold mine to be operator of First Canadian project
Taking on its first Canadian project, Black Swan Gold Mines (VSE) will be the operator of an exploration program on the TAS property located 40 miles north of Fort St. James, B.C. The company, which i…
FINANCING (September 12, 1988)
ONTARIO Dayton Porcupine Gold — final rec iss offer 1,000,000 @ 37 cents per sh to net $350,000. Marcus — final rec iss offer 1,000,000 @ 35 cents per unit to net $315,000. VANCOUVER Mollie Gibson …
Vancouver Stock Exchange Brokers’ phones starting to ring
August went out like a lamb, and September came in like one too, but brokers do say the phones are beginning to ring now that the holidays are over. While the momentum doesn’t appear to exist for a bo…
Metal Prices (September 12, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Sept 6 Sept 5 Sept 2 Sept 1 Aug 31 Copper 1386-138…
Belmoral to take short cut in accessing Broulan zones
Broulan Resources (TSE) and partners Belmoral Mines (TSE) and Wrightbar Mines (ME) say they may elect to take a shorter route toward exploration at the old Broulan mine property near Timmins, Ont. In …
New find on Golden Pond property
Days away from officially opening their Golden Pond gold mine in the Casa Berardi region of Quebec, partners Inco Gold and Golden Knight Resources (TSE) have announced significant drill intersections …
Obituary Murdock C. Mosher
Murdock Charles Mosher, one of Canada’s best known prospectors, died Sept 6 at Centenary Hospital in Scarborough, Ont. He was 85. Born in Wine Harbour, N.S., “Murdie” was one of three brothers who sco…
Improved first half for Belmoral Mines
Net income of $3.8 million (10 cents per share) on revenues of $15.5 million was reported by Belmoral Mines (TSE) for the first six months of 1988, compared with net income of $349,000 (1 cents per sh…
Alberta Stock Exchange Few signs of optimism
If North American investors are convinced that stock prices are on their way up, there were few signs of optimistism on the lacklustre Alberta exchange. Volumes were generally low and only a handful o…