COATS Trading Features (November 30, 1987)
Long suffering Carolin Mines shareholders saw some volume this week as 177,000 shares traded hands. The issue was unchanged at $1.70 after hitting a high of $1.80. Carolin owns a low grade gold deposi…
News
Queenstake doubles gold output
Production from Queenstake Resources’ placer mining operations in the Yukon doubled this year to l3,000 fine ounces of gold before royalties, President Gordon Gutrath reports. The production season in…
Visible gold found at Radcliffe’s North Lake
As Radcliffe Resources prepares to drill the fifth of a 10-hole program at its wholly-owned North Lake property 25 miles north of La Ronge, Sask., the company says it has encountered visible gold. Vic…
Prices, investment gains aid Placer Dome profit
Higher gold prices and recent gains from investments boosted Placer Dome’s earnings for the first nine months of 1987 to $184.6 million or 35 cents per share, on revenues of $603.1 million. This is u…
Pegasus reports record nine month earnings
Record earnings are reported by Pegasus Gold for the first nine months of 1987. Profits rose to $11,060,000 or 54 cents per share on sales of $70,394,000; up from $1,989,000 or 15 cents per share on …
Cheni doubles gold reserves at Toodoggone
Gold reserves at the Lawyers property have been almost doubled, project operator Cheni Gold Mines says. Located in the Toodoggone area of north central B.C., the property is being readied for producti…
Editorial Flame in the miner’s lamp
Can you read anything of much significance to the mining industry in the fact that a miner’s lamp has helped start the Olympic torch on its long journey to Calgary, site next February of the 15th Wint…
Panorama plans feasibility work
Working to reach the feasibility stage at two U.S. gold projects next year, Panorama Resources reports encouraging results from its recent drilling programs. At the Spanish mine property near Nevada C…
Mahogany assays from Fork Lake David D.
Initial drill results have been received from Mahogany Minerals Resources’ Fork Lake project in the La Ronge area of northern Saskatchewan. Mahogany has a 19% carried interest in the discovery which i…
Quintette contract talks threaten production
A bid by the Japanese steel industry to renege on long-term contracts it signed with Quintette Coal Ltd. may force the company to close its controversial coal project in Peace River, B.C. In the lates…
Flow-through equips Power for Dryden area ventures
Toronto-based Power Explorations has added $3,103,325 to its treasury through a recent flow- through share issue and by exercising some Series A warrants, the company says. As a result, Power is fully…
Galveston merger approved
Shareholders approved the merger of a wholly- owned subsidiary of Galveston Resources with Blackbird Resources at an extraordinary general meeting. The complex deal will involve a reorganization of Ga…