FINANCING (November 21, 1988)
ONTARIO GBX Res Corp. — min 600,000 offered @ 35 per sh. Mercantile Gold Corp. — 500,000 sold for gross $250,000. Silver Lady Res Inc. — 300,000 offered @ 35 per sh. Min subscr 200,000 flow-throu…
News
News in Brief (November 21, 1988)
Hecla Mining Co. has declared a dividend of 5 per share payable on Dec 16, to shareholders of record on Nov 18.
Improved Earnings For Equity Silver
Increased sales volumes brought about by higher production of silver, gold and copper, and sales from opening concentrate inventory helped boost earnings for Equity Silver Mines (TSE). The company’s m…
Cons TVX reports increased earnings
Third quarter earnings for Consolidated TVX Mining Corp. (TSE) was $3.3 million or 11 per share compared to earnings of $1.7 million or 7 per share realized in the same period last year. The company…
Northgate sill positioned to pursue acquisition tack
With $178.6 million in cash and investments worth $125.9 million Northgate Exploration (TSE) remains in a strong position to pursue its acquisition strategy. The Toronto company recently reported unau…
Vancouver Stock Exchange War Eagle comes back to earth
Another high flyer came down to earth this week in a less than stately fashion — War Eagle Mining. Naming it after a bird of prey seems all too appropriate, especially for the investors who bought th…
Metal Prices FUTURES PRICES (November 21, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 142.70 136.60 136.90 — 11.90 Dec 135.80 129.50 …
Golden Rose Mine Creates Loss for Noramco Mining
Beleaguered shareholders of Noramco Mining Corp. (TSE) won’t find much comfort in the company’s latest financial results which show a loss of $7.92 million (49 per share) for the first six months of …
Work resumes at Gowganda bet
Work on the Gowganda, Ont., silver property to complete an exploration program started in 1987 has been started by Sandy K. Mines, a private company owned by NLX Resources (TSE). This year’s program w…
American Barrick reports 31% jump in net earnings
The 31% increase in net earnings for American Barrick Resources (TSE) in the first nine months “reflects strong growth in production, a substantial increase in operating income and a higher averaged r…
Wye Resources drilling yields positive results
COATS-listed Wye Resources has reported positive drill results from the Saganaga property located near Kashabowie, 140 km west of Thunder Bay, Ont. The 43-claim property is under option from Curran Ba…
Augmitto option
Augmitto Explorations (TSE) has acquired an option to earn a 51% interest in the Bazooka property, adjacent to the western boundary of Augmitto’s gold property near Rouyn, Que. Under the terms of the …