Tri-Valley earnings rebound
Rebounding from heavy write- downs in fiscal 1987, Tri-Valley Corp. (OTC) reported a net profit for its 1988 fiscal year ended July 31 of $47,038(US) or 1 cents a share on revenues of $663,667. In it…
News
Whitney Bay directors to steer new course
Toronto-based Whitney Bay Resources (COATS) is moving out of mining and into the industrial sector following a reorganization of the company’s board of directors. The new directors, including Gary Han…
Battle Mountain buys offshore gold reserves
As part of an aggressive exploration and acquisition foray into the international arena, Battle Mountain Gold (TSE) has acquired a stake in two separate gold mining ventures which it expects will prov…
SUSTAINING MORALE
“Hi John, how are ya?” “Mornin’ “HJim, how ya doin’ b’y?” At the Brunswick mine site, people greet each other by their first names. The impression one gets is that these workers have known each other …
Metal Prices FREE MARKET (April 03, 1989)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Mar 28 Mar 27 Mar 24 Mar 23 Mar 22 Copper 1915-1920 N/A N/A 190…
McNickel created by amalgamation
The shareholders of Hanson Mineral Exploration (COATS) and Perch River Mines have approved the amalgamation of the two companies. The name of the amalgamated company has been changed to McNickel Inc. …
50 YEARS AGO TODAY CIMM TO MEET IN QUEBEC CITY
Next week hundreds of the first-line representatives of the Canadian mining and metallurgical industry will meet in the historic city of Quebec. The annual convention of the cimm has become the outsta…
Metal Prices FUTURES PRICES (April 03, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr 138.90 — 4.80 May 138.10 136.10 137.40 + 2.60 Jul 130.30 128.70 129.90…
Gold funds as of March 28
BGR Goldcorp Central MVP Capital Net value $12.15% 9.16 6.67% N/A Price $ 9.63% 5.250 5.88% N/A Discount $20.78% 42.7% 11.9% N/A Va…
Cambior offers to purchase half of Louvem gold mine
Small Quebec gold producer Louvem Mines (TSE) has received an offer to sell a half interest in its Chimo mine near Val d’Or, Que. Cambior Inc. (TSE) has entered into an agreement-in-principle to buy a…
Low uranium prices at fault Cameco closes Rabbit Lake
Record low uranium prices are taking their toll on the world’s largest uranium mining company. Cameco-A Canadian Mining and Energy Company is being forced to temporarily shut down its Rabbit Lake uran…
Obituary Eugenia Campbell
Eugenia Nadia Campbell, better known as “Gramma Gene,” one of the Red Lake, Ont., area’s most famous pioneers and widow of the discoverer of the Campbell gold mine, died on Feb 26, at age 78. On a far…