Metal Snips (May 02, 1988)
The Canadian Maple Leaf gold coin outsold the American Eagle gold coin in 1987 and could do the same again in 1988. Sales of the Maple Leaf coin topped 1.4 million oz gold in 1987 to the Eagle’s 1.2 m…
News
Battle Mountain pays $40m in purchase from Noramco
U.S. gold miner Battle Mountain Gold Co. (TSE), has expanded into Canada with a $40-million investment in a portfolio of properties controlled by Noramco Mining Corp. (TSE). Battle Mountain’s invest…
Four listed on ME
Four junior-mining companies recently incorporated — Augyva Mining Resources, Aurochs Mining Exploration, Deux-Montagnes Exploration and Louphior Exploration — have been listed for trading (symbols,…
50 years ago MAY, 1938 WAITE AMULET GETS GOLD AND HIGH- GRADE
Important gold values accompany the high-grade copper in Waite Amulet’s new drill-indicated orebody, The Northern Miner can announce. In vertical hole No. 3, the 165-ft section ran 0.07 oz gold, or $2…
Westmin to expand petroleum sector
In terms of capital expenditures, the petroleum division of Westmin Resources (tse)has generally been its largest spender. Not that this should come as any surprise because the division has also tende…
Cassiar reaches turning point in ’87 operations
Last year marked a turning point for Cassiar Mining (TSE) which reported net earnings of $3.7 million and announced plans to develop the McDame asbestos deposit near its existing open pit mining opera…
INSIDER TRADES (May 02, 1988)
Barron Hunter Hargrave — J. Hargrave sold 35,000 to hold 4,777,200. Black Hawk — S. Dattels sold 725,000 to hold nil. Canacord — L. McCarthy sold 40,500 to hold 171,200. Canamax — Amax Gold (Can) …
Editor’s Note HALF TRUTHS
I don’t know how often I’ve heard this, but it’s certainly been often enough I and in so many different contexts that for a time I came to consider it only a comfortable cliche — one of those sayings…
More high grade at Newhawk Gold
Several more high grade drill intersections have been reported from Newhawk Gold Mines’ (VSE) Sulphurets property north of Stewart, B.C. Sectional drilling was recently completed on eight new sections…
Euro-Nevada Mining approves placement
The directors of Euro-Nevada Mining (TSE) have approved an $8- million(US) placement of 6 1/2% exchangeable debentures of its wholly- owned subsidiary, Euro-Nevada Mining Corp. Inc. to European invest…
High metal prices boost Rio Algom financial resultsd
After reporting record earnings of $93.1 million in 1987, Rio Algom (TSE) is coming off what can only be described as a banner year. And, with first quarter net earnings of $26.4 million (60 cents per…
Royex, Glen Auden in Peltrie deal
Toronto-based Glen Auden Resources, Golden Dragon Resources and Mineta Resources says they have entered an agreement allowing Royex Gold Mining to earn a 50% interest at the Massicotte and La Peltrie …