Battle Mountain’s income soars 78%
While stressing that the figures are preliminary and unaudited, Battle Mountain Gold Co. says it expects 1987 net income to be $48 million, or 73 cents per share. That’s up 78% from the $27 million, …
News
Duration high grade
A high grade drill intersection has been completed by Duration Mines and Locator Explorations on the company’s Theresa gold mine property near Longlac, Ont. Drilling from an underground station inters…
Toronto Stock Exchange N.T. Thin volumes follow collapse of New
Just when the first vestiges of a rally appeared to be emerging, the sheer nervousness of the market stopped the fledgling advance dead in its tracks. The New Year’s four- day rally, which saw 110 pts…
Neptune flow-through
Neptune Resources has completed a $2-million flow-through share financing which will fund the “immediate development on Neptune’s Colomac project,” in the Northwest Territories. The company is proceed…
Lenora Explorations makes new discovery
Lenora Explorations (len:tse) has announced that surface exploration diamond drilling has resulted in a new gold discovery on its Golden Harker project, located in Harker and Holloway twps., Ont. Indi…
Fleck commences Ireland venture
Vancouver-based Fleck Resources says it has started a joint venture exploration program with Westland Exploration in Ireland’s Carlingford region. According to Fleck director John McGoran, an explorat…
Montreal Exchange Belmoral- Yorbeau deal
“If at first you don’t succeed, try again,” appears to be the strategy being followed by Belmoral Mines of Toronto, which has announced it will spend $5 million on shares and warrants of junior-mining…
Belmoral taking over Yorbeau
Two Quebec-based companies that have had trouble living up to expectations during the past two years may have found a combination to benefit them both. Belmoral Mines, a profitable gold mining company…
EDITORIAL All’s well that ends well
A bitter Canada-U.S trade dispute over potash appears to have been amicably settled, at least for the time being, with both parties apparently satisfied. But it came just in the nick of time, for if a…
Metal Prices FREE MARKET (January 18, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Jan. 12 Jan. 11 Jan. 8 Jan. 7 Jan. 6 Copper 1565-1570 1600-1605 1560-1565 1585-1595 1640-1645 Lea…
Viscount/Skylark start silver-gold production
Production started early December at Viscount Resources’ 50%-owned O.B. silver- gold mine at Greenwood, B.C. The project is a joint venture with Skylark Resources, which is operator. About 80 tons per…
INVESTMENT COMMENT Delaware’s Snip venture with Cominco gives it
While Toronto-based Brown, Baldwin, Nisker Ltd. usually reserves its judgment for larger gold mining concerns, it has come up with a research report on what it calls an exciting junior play with lots …