Hycroft Reports Revenue from Nevada Mines
With two heap leach gold mines in Nevada now in production, Hycroft Resources & Development (VSE) reported an operating profit of $2,397,071 and a net loss of $1,462,268 (or 11 cents a share) for the…
News
Central Crude’s Mishibishu find ignites interest
Important looking ore findings on the Eagle River gold property of Central Crude Ltd. (VSE) are igniting exploration interest in the Mishibishu area just 30 miles west of here. Until recently a relati…
Newmont earns $24.5 million
Newmont Gold reported second quarter net income of $24.5 million or 23 cents per share, virtually identical to last year’s results for the same period. Gold sales in the quarter amounted to 194,500 oz…
Northgate cash balances earn $5.2 million in last quarter
Interest earned from Northgate Exploration’s (TSE) cash balances brought $5.2 million into the company’s treasury during the three months ended June 30. Unaudited consolidated net income of $2,014,000…
Exploration Tunnel Key to Debbie/Yellow Project
Westmin Resources (TSE) and Nexus Resource Corp. (TSE) seem satisfied with their progress driving a 1.2-mile- long exploration tunnel through a mountain near Port Alberni. The tunnel will allow the co…
Obituary Murdock C. Mosher
Murdock Charles Mosher, one of Canada’s best known prospectors, died Sept 6 at Centenary Hospital in Scarborough, Ont. He was 85. Born in Wine Harbour, N.S., “Murdie” was one of three brothers who sco…
Improved first half for Belmoral Mines
Net income of $3.8 million (10 cents per share) on revenues of $15.5 million was reported by Belmoral Mines (TSE) for the first six months of 1988, compared with net income of $349,000 (1 cents per sh…
Alberta Stock Exchange Few signs of optimism
If North American investors are convinced that stock prices are on their way up, there were few signs of optimistism on the lacklustre Alberta exchange. Volumes were generally low and only a handful o…
Montreal Exchange Golden Pond drilling
News that a new gold mine in Quebec’s Casa Berardi region is being opened by Inco Gold and Golden Knight Resources is exciting enough, but now the two companies report a couple of significant intersec…
Pioneer earnings reflect seasonal operations
Second-quarter financial results for Pioneer Metals (TSE) remained much the same as comparable 1987 figures. Net income for the period was $870,000 compared with $770,000 for the period ended June 30,…
Robex, Aylmer begin exploration of Raymor bet
An exploration campaign has been started up by Robex Resources (ME) and Aylmer Mines on the Lac Arthur property located in Dalquier Twp. in northwestern Quebec. The companies may earn up to a combined…
Parquet options Courville bet
An option to earn a 30% interest in the Courville gold property near Val d’Or, Que., has been obtained by Finor Exploration (ME) from Parquet Resources (TSE). The agreement, subject to regulatory appr…