INSIDER TRADES (March 14, 1988)
Altex — W. Bell bought 30,300 to hold 1,758,550. Barron Hunter Hargrave — J. Hargrave sold 18,000 to hold 4,914,200. Carolin — J. Berns sold 53,500 to hold 2,726,212. Comet Expl — Krater Minerals …
News
Metal Prices FUTURES PRICES (March 14, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar 103.60 98.00 99.50 + 6.40 May 95.30 90.2…
Pegasus reports record profits
Spokane- based Pegasus Gold reported record net earnings for 1987 of $14,492,000 or 70 cents per share, a 3- fold increase over 1986 earnings of $4,654,000 or 35 cents per share. For the fourth quar…
Total Erickson heads for big league status with option to control
If negotiations being carried out by Total Erickson Resources and its parent Total Resources (Canada) are successfully completed, the former might well be joining the big league of Canada’s gold produ…
People (March 14, 1988)
American Mining Congress — Harry Conger re-elected for a third one-year term as chairman of the board of directors and a 3-year term on the board.
Platinova makes deal
An agreement has been signed between Platinova Resources and Mount Estelle Resources, a private company. The deal allows Mount Estelle to share equally in Platinova’s interest in a gold project joint …
Placer Dome winds up year with 68% increase in profits
Winding up a profitable year, Placer Dome had 68% higher earnings in 1987, as well as three new gold mines coming into production. Net profits rose to $158.2 million or 73 cents per share, up from $9…
Letters to the Editor Jobs come first
I’ve been a Cream Silver Mines shareholder for five years and I’m puzzled by the Strathcona Park (on Vancouver Island, B.C.) issue. I understand that environmentalists have protested the drilling and …
Golden Star releases Guyana gold reserves
Edmonton-based Golden Star Resources has established initial reserve figures at three Guyana gold properties which are being explored in a joint venture with Giant Resources of Australia. They include…
Mining courses at Penn State
A series of short courses on mining and mining-related subjects is being offered from March through June of this year by the college of earth and mineral sciences at Pennsylvania State University. The…
Enriched gold encountered at MacMillan/Granges bet
Significant intersections of enriched gold mineralization were encountered recently at the 50/50 joint venture gold project at Mishibishu Lake, Ont., involving MacMillan Energy and Granges Exploration…
Getty spending $13.7 million on 1988 exploration program
Exploration spending will jump 37% to $13.7 million in 1988, Getty Resources says in its 9-month interim report. Taken over in January by Total Resources Canada, a wholly- owned subsidiary of Total Co…