Hemlo Gold reports drop in earnings
Second-quarter earnings of $10.6 million (12 cents per share) on revenue of $44.5 million were recorded by Hemlo Gold Mines (TSE), compared with $12.2 million (14 cents per share) on revenue of $47.2…
Articles by Northern Miner Staff
Metal Prices FUTURES PRICES (August 08, 1988)
N.Y. Commodity Exchange High Low Close Change COPPER (in US cents per lb.) Aug 90.40 89.10 89.35 — 6.65 Sep 91.80 89.40 89.70 — 4.30 Dec 88.75 86.35 …
Increased Production Boosts Earnings for Coeur d’Alene Mines
The strong financial results tallied up by Coeur d’Alene Mines (ME) during the second quarter of 1988 are primarily due to increased production of gold and silver from the Rochester mine, the Idaho-ba…
Cominco Resources ups reserves at Chile gold mine project
With one gold mine project in Chile slated to begin production in early 1989, Cominco Resources International (TSE) appears to have the makings of yet another still in the wings. The international min…
Investment Comment High grade ore makes Skyline a buy
It isn’t often that a company can contemplate a production decision with reserves of less than 130,000 tons in the ground. But at the Johnny Mountain gold property in northwestern British Columbia, th…
Battle Mountain/Centurion Team Up To Develop California Gold
A gold property located at the north end of California’s famed Mother Lode district has become the subject of a joint venture agreement between Battle Mountain Gold (TSE) and Centurion Gold (VSE), a V…
Ex-directors of Seabright sued
The Australian mining company which earlier this year took over east-coast gold producer Seabright Resources is suing the former directors of the Canadian company for $60 million(C). Western Mining, t…
Sulphurets has potential to rial anything in B.C.
Exploration and mine development in northern British Columbia is risky business — even when you know what you’re doing. So joint venture partners Newhawk Gold Mines (TSE) and Granduc Mines (TSE) have…
Timmins Report ERG set to produce gold from tailings
It’s full-speed-ahead for the $75-million tailings recovery project of ERG Resources Inc. (TSE), says the project’s Timmins-area manager. Chris Harvey says ERG has reached an agreement with Giant Reso…
Lac reports higher earnings in 2nd quarter
Second-quarter earnings by Lac Minerals (TSE) were 23% higher than for the same period in 1987, and more than twice those recorded during the first quarter of this year. The Toronto-based gold produce…
Fleck completes resampling program on Marathon property
Fleck Resources (VSE) says an extensive resampling and assaying program on more than 2,500 samples has been completed on its Marathon platinum group metals deposit near Marathon, Ont. Assays from the …
Cambior eyes Gordex’s new Maritime gold zone
In a small, modern office on Union Street in the downtown core here, Morton Gordon, chairman of Gordex Minerals (TSE) (and six other publicly- listed gold exploration companies), recounts his earlier …