Despite a substantial drop in the price of its main commodity, Timmins Nickel (TSE) has boosted annual operating profits by 73%. For the 12 months ended May 31, the small producer sold 2.8 million lb….
A 15,000 ft. adit being driven into the core of the Montanore deposit from outside of Montana’s Cabinet Mountains wilderness area has reached 11,330 ft. The project is a 45-55 joint venture between Ja…
Contrary to an earlier report (T.N.M., Sept. 9/91), the 70,000 ft. of drilling done on the Loma de Hierro nickel deposit, 50% owned by Jordex Resources (VSE), in Venezuela was performed by a ministry …
The controlling shareholder of United Keno Hill Mines (TSE), BLM Mines, has acquired new owners. Romith Investments and Stephen Powell have each acquired, directly or indirectly, 50% of the issued and…
Semi-monthly reports as of August 31, showed 21,859,304 shares of 574 issues compared with 22,502,355 shares of 583 issues on August 15. Larger individual positions included: Amer. Barrick 187,000, do…
Recent drilling by a unit of Noranda (TSE) on the Goz-RDN property returned a 38.05-ft. intersection grading 0.7 oz. gold per ton from 154.2-192.25 ft., plus minor values in silver, copper, lead and z…
Partners American Reserve Mining (ME) and Placer Dome (TSE) have defined the eastern limits of gold mineralization at the Paymaster mine project, immediately adjacent to the old Paymaster mine in Timm…
Associated companies Hemlo Gold Mines (TSE) and Brenda Mines (TSE) recently agreed to buy 186,567 shares of Yellowjack Resources (VSE) in order to exercise an option to acquire a 51% interest in Yello…
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US per lb.) Sep 106.80 105.80 106.65 + 2.20 Oct 105.65 105.10 105.75 + 1.80 Dec 105.10 104.30 104.90 ____ SILVER (in US cents per o…
Having reached a new agreement, Audrey Resources (TSE) and partner Minnova (TSE) are set to commence further exploration and development work at the Mobrun polymetallic mine near Rouyn-Noranda, Que. S…
More assay results were released by Newhawk Gold Mines (TSE) from a recent surface drill program aimed at testing a number of bulk-tonnage targets on the Sulphurets property north of Stewart, B.C. The…
This country can’t afford the labor dispute its army of public servants have thrust upon it, the largest strike in our history. But even less can it afford to do other than support the government’s ef…
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