COATS trading features (December 12, 1988)
Volume leader this week on COATS was Atlantic Goldfields. The issue saw volume increase to well over 300,000 shares with active trading in the 50 -57 range, a low for the past few weeks. In October, …
Articles by Northern Miner Staff
Earnings Reports (December 12, 1988)
Freeport-McMoran Gold (NYSE) reports net income for the 3-month period ended Sept 30, of $6.58 million(US) or 16 per share on revenue of $27.3 million. For the same quarter a year earlier the company…
Earnings Report (December 12, 1988)
Queenstake Resources (TSE) of Vancouver reports net earnings for the 3-month period ended Sept 30, of $398,687 or 4 per share on revenue of $4.8 million. For the same quarter a year earlier the compa…
Falconbridge Gold launch to go ahead in new year
With an unwanted suitor waiting in the wings and continuing uncertainty in the market place, late January may not be the best time to launch a gold company. But Falconbridge Ltd. (TSE) will go ahead a…
INSIDER TRADES (December 12, 1988)
Amer Chromium — Savanna Res bought 500,027 (private) @ 10 to hold 10,410,726. Belmoral — A. Brown sold 16,500 (Oct) @ $1.69-1.85 to hold 1,005,931. F. Brown sold 17,000 (Oct) @ $1.67-1.80 to hold 84…
Kenora Prospectors reports encouraging drill results
COATS-listed Kenora Prospectors and Miners has reported more encouraging values from follow-up drilling on the Shoal Lake gold property located 40 miles west of Kenora, Ont. One of the target zones of…
Reduced earnings for Malartic Hygrade
Net income of $543,363 (14 per share) on revenue of $5.7 million was recorded by Malartic Hygrade Gold Mines (Canada) (VSE) during the first nine months of 1988, compared with $3.3 million (91 per sh…
Joly’s output exceeds early expectations
Operating results from the Jolu gold mine during November have exceeded original expectations. Operated by Corona Corp. (TSE), the mine north of La Ronge, Sask., produced 5,266 oz of gold from ore gra…
Nova-Cogesco, MSV pursuing merger
Two Quebec-based junior companies are pursuing a merger, announcement of the move coming on the heels of a takeover proposal by a gold producer of one of the juniors. Nova-Cogesco Resources (TSE) says…
Diepdaume funds
A private placement worth $325,000 has been completed by Diepdaume Mines (VSE) whereby it has issued 829,717 flow-through shares at $0.3917 per share to NIM and Co., Ltd. Partnership — 1988. Diepdaum…
People (December 12, 1988)
SISCOE CALLAHAN MINING — Brian Game appointed to the board of directors succeeding Shirley Dyer who has resigned.
Queenstake expects record year for placer gold production
By year-end, Queenstake Resources (TSE) expects it will have produced a total of 13,800 fine troy oz from its placer mining operations in British Columbia and the Yukon Territories, making 1987 its se…