FINANCING (November 28, 1988)
VANCOUVER Brooks Res. Ltd. — gross proceeds rec $315,000. Evergold Res. Inc. — gross proceeds rec $275,000. Silver Lake Res. — gross proceeds rec $175,000. Simon Fraser Res. Ltd. — min 500,000 off…
Articles by Northern Miner Staff
FUTURES PRICES Metal Prices (November 28, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 149.00 149.00 148.80 + 11.90 Dec 143.50 131.30 142.80 + 12.90 Mar 123.50 114.30 122.8…
Editorial Now the work begins
Canada’s thirty-fourth general election was a hard fought one, but the high energy level of the past seven weeks shouldn’t conceal the fact that the hard work of maintaining our prosperity and our way…
Investment Comment Junior gold producers evaluation
The Canadian gold mining industry today offers investors a broad spectrum of choices from senior gold producers to emerging junior gold producing companies Emerging junior gold companies are companies…
GOLD (November 28, 1988)
Here is a list of the per share prices which Northgate Exploration paid in the seven transactions it has completed since February 1988. Also listed are last week’s trading prices for the companies inv…
Alberta Stock Exchange Volumes much higher
A strengthening in the price of gold was accompanied this week by renewed interest in a number of Alberta issues. American Ore Ltd. was the volume leader with 493,300 shares following the release of d…
Northgate sifting through its expanding portfolio
One of the most active investors in the Canadian mining industry is preparing to embark on a period of self analysis. After a $100-million shopping binge in which it picked up minority interests in ni…
Hecla Mining announces third quarter earnings
Hecla Mining reports earnings of $3.4 million(U.S.), or 12 a share, in the third quarter of 1988, bringing year-to-date earnings to $11.3 million, or 42 a share. This compares to earnings of $9.6 mil…
Letters to the Editor Seabright relationships clarified
Two letters concerning your reporting of mineral exploration activities in Nova Scotia (N.M., Oct 24/88) prompted this letter. Having recently moved to Thailand my main source of news about current de…
Bitech Energy drill results
Additional drill results from Bitech Energy Resources (ASE) continue to confirm the significance of the company’s gold discovery at its Nugget Pond property near Betts Cove, Nfld. Discovered earlier…
Echo Bay sells Nuinsco stake
Echo Bay Mines (TSE) has agreed to sell its controlling 53.8% interest in Nuinsco Resources (TSE) for $6.7 million or 87 per share. The sale to Deak International Resources follows the completion of …
Battle Mountain profit reflects higher sales
Anticipating sales of 305,000 oz in 1988, Battle Mountain Gold (TSE) is proving to be one of the more profitable gold producers in North America. Third quarter net income jumped 26% to $15.3 million a…