Malartic earnings
Third-quarter net income of $199,645 (4 cents per share) on revenue of $2.5 million was reported by Malartic Hygrade Gold Mines (Canada) (VSE), compared with $39,396 (1 cents per share) on revenue of…
News
Black Swan dives
Net earnings for the six months ended Sept 30 dropped sharply for Black Swan Gold Mines (VSE), from $532,000 last year to $34,000 this year. Cash flow after non-cash working capital items was $208,000…
Rogi option
An option has been acquired by Exploration Rogi (ME) of Val d’Or, Que. to acquire 28 claims in Villebon Twp. from Raymond Houle and Gustave Cere. To earn its title, Rogi must spend $100,000 on explora…
Newmont Gold’s gold output tops 1-million-oz level
Gold production from Newmont Gold’s (NYSE) Carlin, Nev., operations topped the 1-million-oz level, according to financial results released recently by the 90% owned Newmont Mining (NYSE) subsidiary. D…
St. Andrew’s mine off to good start
The Stock Township gold mine owned by St Andrew Goldfields (TSE) is expected to produce 27,000 oz of gold next year. Situated east of Timmins, Ont., the mine entered production on Oct 1, following a s…
Editorial A Christmas hint
Just when it seemed like strong metal prices were going to ensure a happy New Year for everyone in the mining game, what happens? The value of the Canadian dollar climbs to its highest level this deca…
Letters to the Editor Geco discovery clarification
I have just read the “Odds ‘n’ Sods” (“Manitouwadge Messenger Travelled by Canoe,” N.M., Nov 20/89) by S. J. Hunter. While I do not wish in any way to detract from the part played by Moe Moleski in th…
Aber drilling NWT base metal bet (December 18, 1989)
A drill program by Aber Resources (VSE) is under way on the Victory Lake base metal prospect 40 miles east of Yellowknife, NWT. President Grenville Thomas said the objective is to prove up further dep…
Montreal Exchange Trading picks up
Trading volumes were higher and the market direction definitely positive for the week ended Dec 12. The general market portfolio index jumped 31.4 points during the report period and the mining and mi…
Open attitude
The more open attitude toward foreign investment in the Soviet Union provides some interesting opportunities, and where there are opportunities, you’ll find Canadian mining companies. One of Canada’s …
Bema’s Chilean deposit could be a big one
A drilling program has been completed on the Refugio gold-copper porphyry deposit 50% owned by Bema Gold (TSE). Bema is earning the 50% interest in the property from Cia Minera Refugio by funding expl…
Placer, Currie program
Placer Dome (TSE) plans to begin a $500,000 exploration program in January on two properties held under option from Currie Rose Resources (VSE) in Saskatchewan. The mapping and drilling program will f…