Gold funds as of May 16
BGR Goldcorp Central MVP Capital Net value $11.59 7.22 6.28 0.66 Price $ 9.25 4.350 5.62 N/A Discount $20.19 39.7 10.4 N/A Va…
News
Earnings Report (May 22, 1989)
First quarter earnings for Brunswick Mining and Smelting Corp. (TSE) were $18.3 million or 51 cents per share. In the first quarter of 1988 Brunswick’s net earnings were $3.9 million or 11 cents per…
Spot prices at a glance (May 22, 1989)
Price Week’s ($US) Change($) Gold* 373.70 — 4.40 Silver* 5.50 — 0.17 Platinum* 522.90 –11.00 Nickel** 6.24 — 0.16 Lead** 0.29 + 0.01 Cop…
Campbell sees first profit in almost six years
For the first time in almost six years Campbell Resources (TSE) made a profit. That was the surprising news at Campbell’s recent annual meeting in Toronto where first-quarter net income of $660,000 or…
Northfield ups stake in Rockford Minerals
Toronto-based Northfield Minerals (ASE) recently moved to tie up control of affiliate Rockford Minerals (TSE). Under a private agreement with Northfield Capital (COATS) and the Equity Group of Toronto…
Placer Dome will need new mines to maintain existing production
With consolidated gold output expected to breach the one million ounce mark this year, Placer Dome (TSE) will have to find new reserves and develop new mines at a break-neck pace just to maintain exis…
1989 rebuilding year for Pioneer
A key item on the 1989 agenda for Pioneer Metals Corp. (TSE) will be rebuilding financial strength, President Robert Willis told shareholders at the recent annual meeting. The company’s financial diff…
Montana Resources gets $100 million from Asarco
A partnership is being formed by Montana Resources and Asarco Inc. to own the former’s Montana copper-mining business. Asarco will purchase a 49.9% interest in the partnership, with Montana Resources …
Teck celebrates anniversary with record earnings for 1988
Marking its 75th anniversary with record earnings of $105 million, it’s not surprising there weren’t many shareholder questions at Teck Corp.’s (TSE) annual meeting. But that’s the price a company has…
Mining needs to attract capital
This is a market like no other. Mining has seldom been in such a favorable position, yet mining stocks just can’t capture the attention of investors. Commodity prices for everything but gold and silve…
Flow-through battle, increase in membership highlight ’88
From a report by Max Matte, secretary-manager of the Canadian Diamond Drillers Assocation (CDDA), to the association’s annual general meeting in Quebec City recently. The year 1988 does not have what …
Granges Exp. faces Trout Lake law suit
Toronto-based investment firm Oxford Acquisitions Inc. recently launched a $100-million law suit against Granges Exploration (TSE) and Outokumpu over a recent deal involving the Trout Lake mine in Man…