Hillsborough earnings
Hillsborough Resources (TSE) earned $1.4 million or 30 cents per share in 1988, compared to a profit of $1 million or 23 cents per share in 1987. Revenue of $34.1 million was up 2% from $27.9 million…
News
Noble Peak, BHP-Utah reach agreement
Agreement-in-principle has been reached between BHP-Utah International and Noble Peak Resources (ASE) whereby the latter will purchase all of the remaining rights and interests of BHP-Utah in the Cryp…
Goldquest-Chevron deal
Toronto-based junior Goldquest Exploration (TSE) has signed a letter of intent with Chevron Minerals whereby the latter may earn a 50% interest in certain properties belonging to Goldquest in the Red …
Metal Prices (March 06, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 28 Feb 27 Feb 24 Feb 23 Feb 22 Copper 17…
Atlantic control sold
Control of Atlantic Goldfields (COATS) has passed to Ronald Goguen, a private investor based in New Brunswick. Via his private company, Kash Investments, Goguen purchased 2.3 million shares or a 19.7%…
Noranda exploring Glen Auden property
Exploration work has commenced by Noranda Exploration on the Beatty Twp. gold property near Matheson, Ont., held under option from Glen Auden Resources (TSE) and Golden Dragon Resources (VSE). Ground …
Letters to the Editor Newmont in Canada
On behalf of Newmont Mining and the many Newmont employees who have been part of the Canadian mining scene over the past 60 years, I would like to express sincere thanks for your gracious comments on …
Seabright busy with projects at Moose River and Dufferin
After closing down operations at its Caribou gold property Seabright Explorations (TSE) is concentrating its efforts on a couple of other Nova Scotia projects. The Westminer Canada subsidiary says it …
Former LAC trio get second chance with Perrex
The team that helped make LAC Minerals one of Canada’s most successful exploration and mine development company’s, wants to do it again — this time on its own. Dennis Sheehan and Robert Valliant, bot…
Pegasus merger deal with USMX collapses
Merger negotiations have been terminated between Pegasus Gold (TSE) and USMX Inc. (NASDAQ). The decision to terminate was made by the latter which cited “new developments . . . the potential ramificat…
North American, Dundee buy Kennco’s Vszza Twp. interests
The joint-venture team of North American Rare Metals (ME) and Dundee-Palliser Resources (TSE) has now finalized an agreement with Kennco Explorations to purchase all of that firm’s rights and interest…
Gold report
A thorough analysis of the world gold mining industry is available from Colorado-based Metal Market Consultants. Titled “Gold Situation-1988,” the crisply-edited report offers an analysis of the suppl…