Hemlo Gold reports drop in earnings
Second-quarter earnings of $10.6 million (12 cents per share) on revenue of $44.5 million were recorded by Hemlo Gold Mines (TSE), compared with $12.2 million (14 cents per share) on revenue of $47.2…
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Metal Prices FUTURES PRICES (August 08, 1988)
N.Y. Commodity Exchange High Low Close Change COPPER (in US cents per lb.) Aug 90.40 89.10 89.35 — 6.65 Sep 91.80 89.40 89.70 — 4.30 Dec 88.75 86.35 …
Increased Production Boosts Earnings for Coeur d’Alene Mines
The strong financial results tallied up by Coeur d’Alene Mines (ME) during the second quarter of 1988 are primarily due to increased production of gold and silver from the Rochester mine, the Idaho-ba…
Cominco Resources ups reserves at Chile gold mine project
With one gold mine project in Chile slated to begin production in early 1989, Cominco Resources International (TSE) appears to have the makings of yet another still in the wings. The international min…
Investment Comment High grade ore makes Skyline a buy
It isn’t often that a company can contemplate a production decision with reserves of less than 130,000 tons in the ground. But at the Johnny Mountain gold property in northwestern British Columbia, th…
Battle Mountain/Centurion Team Up To Develop California Gold
A gold property located at the north end of California’s famed Mother Lode district has become the subject of a joint venture agreement between Battle Mountain Gold (TSE) and Centurion Gold (VSE), a V…
Ex-directors of Seabright sued
The Australian mining company which earlier this year took over east-coast gold producer Seabright Resources is suing the former directors of the Canadian company for $60 million(C). Western Mining, t…
Sulphurets has potential to rial anything in B.C.
Exploration and mine development in northern British Columbia is risky business — even when you know what you’re doing. So joint venture partners Newhawk Gold Mines (TSE) and Granduc Mines (TSE) have…
Timmins Report ERG set to produce gold from tailings
It’s full-speed-ahead for the $75-million tailings recovery project of ERG Resources Inc. (TSE), says the project’s Timmins-area manager. Chris Harvey says ERG has reached an agreement with Giant Reso…
Placer mining is still important
The oldest means of mining gold is placer mining, recovering the gold particles — some of which can be spectacularly rich — along river beds by panning or washing. Placer mining accounts for a small…
Aber/Hemisphere potential expands on Sunrise project
Drilling on the Sunrise project is continuing to add to the reserve base, say Aber Resources (VSE) and Hemisphere Development Corp. (VSE), 50/50 joint venture partners in the polymetallic project loca…
Toronto Stock Exchange (August 08, 1988)
The lazy, hazy days of summer did little to inspire fervor for the market again this week in Toronto. Trading volume, at 396.6 million shares for the month of July, was the lowest level since December…