Queenstake doubles gold output
Production from Queenstake Resources’ placer mining operations in the Yukon doubled this year to l3,000 fine ounces of gold before royalties, President Gordon Gutrath reports. The production season in…
News
Pegasus reports record nine month earnings
Record earnings are reported by Pegasus Gold for the first nine months of 1987. Profits rose to $11,060,000 or 54 cents per share on sales of $70,394,000; up from $1,989,000 or 15 cents per share on …
Quintette contract talks threaten production
A bid by the Japanese steel industry to renege on long-term contracts it signed with Quintette Coal Ltd. may force the company to close its controversial coal project in Peace River, B.C. In the lates…
Galveston merger approved
Shareholders approved the merger of a wholly- owned subsidiary of Galveston Resources with Blackbird Resources at an extraordinary general meeting. The complex deal will involve a reorganization of Ga…
First-phase work is completed on Golden Shadow bet
A phase I exploration program has been completed by Quinterra Resources and Pure Gold Resources on the Central Patricia property of Golden Shadow Resources at Pickle Lake, Ont. Elliott Rosenberg, pres…
Declining platinum prices have little immediate effect at
** Madeleine sites ** Massive dumping of platinum contributed to the recent decline in spot prices for the precious metal, analysts say, following the collapse of world stock markets in mid-October…
Western Goldfields has good profit
Western Goldfields Inc has realized net income of 50 cents per share during its first nine months of operations. For the period, the Nevada gold producer earned $3.4 million. Operations at the Hog Ran…
Huntington pulls good drill hole David D.
Another good hole has been reported from Huntington Resources’ Brett claims, 15 miles west of Vernon, B.C. Hole No 87- 42 returned 9 ft of 0.99 oz gold including 4.75 ft of 1.8 oz. The gold is associa…
Coniagas to earn its way on northeast Ontario project
The latest round of drill results at Garrison Creek Consolidated’s 40%-owned Michaud property near Matheson in northeastern Ont., were released recently. As part of a plan to “earn its way into” a pro…
Metal Prices FUTURES PRICES (November 23, 1987)
N.Y. Commodities Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Nov. — — 102.35 — 2.85 Dec. 101.30 99.10 100.10 — 2…
Gold thieves still sought
At presstime, Ontario and Quebec Provincial police had still not caught up with the thieves who some weeks ago robbed the Virginiatown, Ont. gold mine of Golden Shield Resources. The bandits made off …
Audrey enters first quarter in the black
After successfully bridging the gap separating explorers from production companies, Rouyn- Noranda, Que.-based Audrey Resources has reported positive net earnings results for its first quarter as a Ca…