Golden Rose Mine Creates Loss for Noramco Mining
Beleaguered shareholders of Noramco Mining Corp. (TSE) won’t find much comfort in the company’s latest financial results which show a loss of $7.92 million (49 per share) for the first six months of …
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Metal Prices FUTURES PRICES (November 21, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 142.70 136.60 136.90 — 11.90 Dec 135.80 129.50 …
Vancouver Stock Exchange War Eagle comes back to earth
Another high flyer came down to earth this week in a less than stately fashion — War Eagle Mining. Naming it after a bird of prey seems all too appropriate, especially for the investors who bought th…
Northgate sill positioned to pursue acquisition tack
With $178.6 million in cash and investments worth $125.9 million Northgate Exploration (TSE) remains in a strong position to pursue its acquisition strategy. The Toronto company recently reported unau…
Cons TVX reports increased earnings
Third quarter earnings for Consolidated TVX Mining Corp. (TSE) was $3.3 million or 11 per share compared to earnings of $1.7 million or 7 per share realized in the same period last year. The company…
Improved Earnings For Equity Silver
Increased sales volumes brought about by higher production of silver, gold and copper, and sales from opening concentrate inventory helped boost earnings for Equity Silver Mines (TSE). The company’s m…
Spot prices at a glance (November 21, 1988)
Week’s Price (US) Change Gold (per oz) $422.60 + $ 3.10 Silver (per oz) $ 6.38 — $ 0.03 Platinum (per oz) $583.00 + $ 1.00 Copper (per lb) $ 1.39 — $ 0.12 …
BHP-Utah Mines to earn interest in Snow Lake property
A gold property with known reserves near Snow Lake, Manitoba has caught the interest of BHP-Utah Mines, an indirectly held subsidiary of Broken Hill Proprietary of Australia. Formerly known as Utah Mi…
Newmont declares quarterly dividend
The board of directors of Denver- based Newmont Mining recently declared a regular quarterly dividend of 15 per share of common stock, payable Dec 9 to shareholders of record at the close of business…
Amax Gold announces third quarter earnings
Amax Gold’s net earnings were $13.1 million(U.S.), or 22 per share for the 1988 third quarter compared with $11.1 million or 18 per share for the 1987 third quarter. For the first nine months of 1988…
Timmins report Hollinger headframe removed
The old central shaft headframe of the Hollinger Consolidated gold mine, now owned by Giant Yellowknife Mines (TSE) was blasted and tied up with cables and pulled to the ground, recently. It took seve…
Brenda improves profit (November 14, 1988)
Stronger copper and molybdenum prices were responsible for improved earnings at Brenda Mines (TSE). The Noranda-controlled company, which operates a copper/ molybdenum mine in British Columbia, realiz…