Earnings Reports (February 06, 1989)
North American Metals (VSE), a 73%-owned subsidiary of Homestake Mining (NYSE), reports a net loss for the year ended Aug 31 of $942,458 or 13 cents per share. For the same period a year earlier the c…
Articles by Northern Miner Staff
Gold Bar drilling Chester Twp. property
COATS-listed Gold Bar Resources has agreed to fund a 5,000-ft drill program on Canadian Gold Resources'(ASE) Chester Twp., gold property near Gogama, Ont. The companies report that a contract has been…
Copper refinery sale
Louisiana Land and Exploration Company (LL&E) said its wholly- owned subsidiary, White Pine Leasing, had consummated the sale of its electrolytic copper refinery to Copper Range Company (CRC) for $14….
Teeshin files lawsuit
Teeshin Resources (VSE) has filed a $6.5-million claim of lien against the Dome Mountain gold property in British Columbia. The sum represents the amount of money Teeshin says it spent on exploration …
Montreal Exchange Cambior withdraws bid
The takeover bid by Cambior Inc. for Nova-Cogesco Resources is off, says the former. The major Quebec gold producer, having upped its price from $1.50 per share of Nova Cogesco to $1.80, now says beca…
FMC Gold posts 23% profit gain
Increased production volume and lower costs brightened the profit picture for major North American gold miner FMC Gold Company (NYSE) in 1988. The company reports its net income rose 23% last year to …
Sun River eyeing production from Arizona mine (February 06, 1989)
Based on a recent positive pre- feasibility study, Sun River Gold Corp. (VSE) is projecting a production rate of 400 tons per day for its United Western Mine gold deposit located near Oatman, Ariz. Th…
PGW compiling magnetic map of African continent
By 1991 exploration geologists will have access to high-definition color maps showing the regional geological features of the continent of Africa. Toronto-based geophysical consultants Paterson, Grant…
COATS Trading Features (February 06, 1989)
Asquith Resources was steady at 60 cents this week. The company recently released results, which include visible gold showings, from a zone on its Buckingham Mine property in southern Asquith Twp, Ont…
Stratabound drilling lead-zinc property
Alberta-based junior Stratabound Minerals (ASE) reports initial drill results from its CNE base metals property near Bathurst, N.B. Last fall, the company reported the discovery of high grade lead- zi…
Placer Dome to buy Hilltop property
By the end of March, U.S. Precious Metals (TSE) and Ruskin Developments (VSE) expect to have completed the sale of the Hilltop property in Nevada to a unit of Placer Dome Inc. (TSE) for the sum of $2….
People (February 06, 1989)
VILLENEUVE RESOURCES — Matthew Sumich appointed to the board of directors.