Queries Pamour share offer falls short
As you know, Jimberlana Holdings was directed to purchase all the outstanding shares of Pamour Inc. via Giant Acquisition Corp. This company should be called the “Giant Rip-off Corp.” instead since it…
News
Letters to the Editor Law plants seed
Re: Your article in the Aug 15 issue, page 4; “A Brush with the Law” regarding criminal charges against Donald McKinnon being dropped. I can give you my honest opinion. The law has planted the seed. I…
First Idaho moves ahead at Montana leach property
Development work is under way at the San Francisco gold property near Philipsburg, Mont., First Idaho Resources (VSE) said recently. First Idaho’s U.S. subsidiary Grand Trunk Resources, holds a 50% in…
Orion start-up costs cut Malartic earnings
Start up costs at Malartic Hygrade’s (VSE) Orion gold mine near Val d’Or, Que., and an unrealized U.S. dollar exchange loss, reduced the company’s earnings during the first half of 1988, Malartic anno…
Metal Prices PRODUCER PRICES (September 12, 1988)
ALUMINUM: MW U.S. Market $1.27-$1.29 per lb. (Aug 25, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $6.10-$6.15 per lb. (Aug 25, 1988). CADMIUM: New Yor…
Exploration may be down, but Glen Auden still busy
While exploration spending is reported to be down in many areas, Glen Auden Resources (TSE) has budgeted $16 million for its stable of 33 properties. The company said it is also negotiating several ad…
Messeguay reports zone extension
A re-examination of drilling in 1987 has revealed an extension of the A zone at the Launay-Privat property located 24 miles northeast of Rouyn-Noranda, Que., Messeguay Mines (ME) reports. The company …
Echo completes Cameron Lake study
Echo Bay Mines (TSE) is still tallying up the results of a feasibility study on Nuinsco Resources’ (TSE) Cameron Lake gold property in northwestern Ontario. But Nuinsco President Doug Hume said he exp…
News in Brief (September 12, 1988)
A $5.74-million rights offering has been completed by Citadel Gold Mines (TSE). The company issued 1,382,687 common shares and an equal amount of flow-through shares. Bernard Sherman and his private h…
Strong metal prices boost Metall’s financial results
Still in the hunt for some acquisitions to beef up its base metals portfolio, Metall Mining (TSE) of Toronto has benefitted financially from stronger metal prices, the company announced recently. Amon…
Toronto Stock Exchange Golden Knight’s aparkle, exception to dull
What little market enthusiasm developed over news from the United States that the red hot economy appears to be cooling, generated almost no response from the metals sectors. In fact, any sign that in…
Hycroft Reports Revenue from Nevada Mines
With two heap leach gold mines in Nevada now in production, Hycroft Resources & Development (VSE) reported an operating profit of $2,397,071 and a net loss of $1,462,268 (or 11 cents a share) for the…