U.S. REPORT FMC income drops
Net income reported by FMC Gold (NYSE) for the three months ended June 30 was US$9.9 million versus US$13.8 million in 1989. The company attributed the drop in earnings to lower gold prices and high u…
1990
U.S. REPORT Piedmont sets records
Records for both production and earnings were set by Piedmont Mining (NASDAQ) for the first half of 1990. Net income for the six months ended June 30 was US$642,000, or US$0.04 per share on revenue of…
Metall sees lower earnings despite production increase
Despite a 7% production increase at its Copper Range copper mine in Michigan, Metall Mining (TSE) has been hit financially by some of the same factors that affected earnings reported recently by its V…
NDU and Billiton intersect more high grade at Blende
Drilling on the Blende property in the central Yukon continues to return good lead-zinc-silver values over wide widths. The property is a joint venture between NDU Resources (VSE) and Billiton Metals …
U.S. REPORT Formation acquires Oregon property
Exploration work by Formation Capital (VSE) on recently acquired ground in eastern Oregon has the company optimistic the property has potential for a bulk tonnage, precious metal deposit that may be a…
U.S. REPORT Seine River to develop California gold mine
The results of a preliminary feasibility study on the newly acquired Lincoln project has management of Seine River Resources (VSE) optimistic the historic former producer can be developed into a moder…
Liberty intersects native copper
Recent drilling by Liberty Gold (VSE) on its gold-copper porphyry project near Lac La Hache, B.C., is reported to have intersected over 300 ft. of visible native copper. The company said hole six was …
Letters to the editor August 21, 1990 `Anit-northerner policy’
The Ministry of Natural Resources (MNR) is today developing an anti-northerner policy over large areas. Roadside picnic tables, for example, have been removed and burnt. Other measures include: It wan…
Tyranex, GSR set to mine Tyranite bet shear zones
Mining operations are set to resume next month at the old Tyranite gold mine, 12 miles west of Gowganda, Ont. Starting in mid-September, partners Tyranex Gold (COATS), GSR Mining Corp., and the Calgar…
Galactic posts second quarter loss as Summitville output drops
Gold producer Galactic Resources (TSE) reported a loss of US$630,000 or 1 cents per share for its 1990 second quarter, compared with a loss of US$1.36 million or 4 cents per share for the 1989 second …
Euro-Nevada has profit in 1990 first quarter
Nevada royalty specialist Euro- Nevada Mining (TSE) reported a profit in the 3-month period ended June 30. First quarter net income was $670,000 or 5 cents per share on revenues of $1.1 million compar…
Denison share price drops as A,B dividends withheld
The preferred series A and B shares of Denison Mines (TSE) took a heavy beating recently after the company said it would not pay out scheduled dividends on both sets of shares. On Aug. 20, the first w…