Earnings Reports (December 12, 1988)
Freeport-McMoran Gold (NYSE) reports net income for the 3-month period ended Sept 30, of $6.58 million(US) or 16 per share on revenue of $27.3 million. For the same quarter a year earlier the company…
News
Earnings Report (December 12, 1988)
Queenstake Resources (TSE) of Vancouver reports net earnings for the 3-month period ended Sept 30, of $398,687 or 4 per share on revenue of $4.8 million. For the same quarter a year earlier the compa…
INSIDER TRADES (December 12, 1988)
Amer Chromium — Savanna Res bought 500,027 (private) @ 10 to hold 10,410,726. Belmoral — A. Brown sold 16,500 (Oct) @ $1.69-1.85 to hold 1,005,931. F. Brown sold 17,000 (Oct) @ $1.67-1.80 to hold 84…
Falconbridge Gold launch to go ahead in new year
With an unwanted suitor waiting in the wings and continuing uncertainty in the market place, late January may not be the best time to launch a gold company. But Falconbridge Ltd. (TSE) will go ahead a…
Kenora Prospectors reports encouraging drill results
COATS-listed Kenora Prospectors and Miners has reported more encouraging values from follow-up drilling on the Shoal Lake gold property located 40 miles west of Kenora, Ont. One of the target zones of…
Reduced earnings for Malartic Hygrade
Net income of $543,363 (14 per share) on revenue of $5.7 million was recorded by Malartic Hygrade Gold Mines (Canada) (VSE) during the first nine months of 1988, compared with $3.3 million (91 per sh…
Joly’s output exceeds early expectations
Operating results from the Jolu gold mine during November have exceeded original expectations. Operated by Corona Corp. (TSE), the mine north of La Ronge, Sask., produced 5,266 oz of gold from ore gra…
Nova-Cogesco, MSV pursuing merger
Two Quebec-based junior companies are pursuing a merger, announcement of the move coming on the heels of a takeover proposal by a gold producer of one of the juniors. Nova-Cogesco Resources (TSE) says…
Queenstake expects record year for placer gold production
By year-end, Queenstake Resources (TSE) expects it will have produced a total of 13,800 fine troy oz from its placer mining operations in British Columbia and the Yukon Territories, making 1987 its se…
Query Old Mining stocks of no value
I would like information on some old mining stocks from the late 1940s and early 1950s. My father bought 700 shares of a penny stock called Yukon Galena Hill Mines in 1948-49. He also has a certificat…
Beauchamps, Aurizon in option agreement
An option agreement has been entered into by Aurizon Mines (TSE) and Beauchamps Explorations (VSE) whereby the former may acquire a 51% interest (subject to a 2.5% net smelter return royalty) in four …
Hemlo’s ’88 output nears 900,000 oz
Relatively low production costs continue to be the order of the day at the Hemlo gold camp in northern Ontario, where production from the three gold mines operating there is expected to total about 90…