News


Gold funds as of Nov 22

BGR Goldcorp Central MVP Capital Net value $12.33% 9.36 7.29 1.03 Price $10.125% 6.250 6.12 0.67 Discount $17.88% 33.3% 16.0% 35.0% Value $73,395,449 164,…


Investment Comment Junior gold producers evaluation

The Canadian gold mining industry today offers investors a broad spectrum of choices from senior gold producers to emerging junior gold producing companies Emerging junior gold companies are companies…


GOLD (November 28, 1988)

Here is a list of the per share prices which Northgate Exploration paid in the seven transactions it has completed since February 1988. Also listed are last week’s trading prices for the companies inv…


Alberta Stock Exchange Volumes much higher

A strengthening in the price of gold was accompanied this week by renewed interest in a number of Alberta issues. American Ore Ltd. was the volume leader with 493,300 shares following the release of d…


Northgate sifting through its expanding portfolio

One of the most active investors in the Canadian mining industry is preparing to embark on a period of self analysis. After a $100-million shopping binge in which it picked up minority interests in ni…


Hecla Mining announces third quarter earnings

Hecla Mining reports earnings of $3.4 million(U.S.), or 12 a share, in the third quarter of 1988, bringing year-to-date earnings to $11.3 million, or 42 a share. This compares to earnings of $9.6 mil…



Bitech Energy drill results

Additional drill results from Bitech Energy Resources (ASE) continue to confirm the significance of the company’s gold discovery at its Nugget Pond property near Betts Cove, Nfld. Discovered earlier…


Echo Bay sells Nuinsco stake

Echo Bay Mines (TSE) has agreed to sell its controlling 53.8% interest in Nuinsco Resources (TSE) for $6.7 million or 87 per share. The sale to Deak International Resources follows the completion of …


Battle Mountain profit reflects higher sales

Anticipating sales of 305,000 oz in 1988, Battle Mountain Gold (TSE) is proving to be one of the more profitable gold producers in North America. Third quarter net income jumped 26% to $15.3 million a…


Montreal Exchange Messeguay/ Corona deal

When a senior takes an interest in a junior, watch out] Toronto-based Corona Corp. has announced it has reached an option agreement with Messeguay Mines whereby it may earn up to a 70% interest in a p…


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