Northgate buys shares of Hydra Exploration
Northgate Exploration (TSE) has purchased 500,000 shares of Hydra Explorations (TSE) in a private placement. The transaction gives Northgate a 12.3% interest in the company. Hydra holds a royalty inte…
News
LAC offering
A preliminary short form prospect with respect to the offering of seven million units (shares and warrants) will be filed with the Ontario Securities Commission by LAC Minerals (TSE). Each unit will c…
Prospector field school gets government grant
Ontario prospectors can learn about the latest techniques and methods of ground geophysics during a 3-day field school offered by the Haileybury School of Mines. The field school is funded by a $3,…
Malartic Hygrade
For the first quarter ended March 31, Malartic Hygrade Gold Mines (VSE) earned $211,353 or 6 cents per share. This compares with earnings of 4 cents per share during the same period last year. Malart…
Metal Prices FUTURES PRICES (May 22, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May120.00 117.00 117.10 — 8.50 Jun118.00 118.00 116.90 — 6.80 Jul117.50 114.50 11…
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…
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…