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…
News
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…
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…
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…
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 …
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 $16 million for its stable of 33 properties. The company said it is also negotiating several ad…
Metal Prices (September 12, 1988)
FREE MARKET London Metal Exchange Spot closing prices in Pound Sterling per tonne, except zinc and nickel ($US per tonne) Date Sept 6 Sept 5 Sept 2 Sept 1 Aug 31 Copper 1386-138…
Black Swan gold mine to be operator of First Canadian project
Taking on its first Canadian project, Black Swan Gold Mines (VSE) will be the operator of an exploration program on the TAS property located 40 miles north of Fort St. James, B.C. The company, which i…
Editorial Strathcona Park
The battle of Strathcona Park on Vancouver Island appears to be over, at least for now. A report, accepted by the British Columbia cabinet, recommends that there be no new mineral exploraton in the pr…
Ketza start up problems put Pacific Trans in bind
Start-up problems at the Ketza River gold project near Ross River, Yukon have put Pacific Trans Ocean Resources (TSE) in a financial bind. As holder of a 50% interest in the joint venture, Pacific Tra…
Letter to Editor (cb) Sept. 12 Canadian mining businss trusted
I have read with interest the complaint by James D. William, in your July 25, 1988 edition about how minority shareholders have been treated by Western Mining Corp. after this company had acquired ove…
Metal Prices FUTURES PRICES (September 12, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Sep 102.80 101.10 102.20 + 0.60 Dec 99.80 97.25 99.20 0.30 Mar 94.30 92.90 …