In the Canadian mining industry, diamond drill holes more than 1,000 ft are considered deep, but compared to holes being drilled for scientific information elsewhere in the world, that’s barely scratc…
Traders continued their scramble to get back into the market after the news last week that the U.S. producer price index had risen by less than expected. The result was a 94-pt hike in the composite …
Initial results from bulk sampling completed on the Eagle River property by Hemlo Gold Mines suggest that gold values are higher than that estimated by drilling. Central Crude Ltd. (TSE) holds a 40% i…
Buy metals at yesterday’s price whenever you please. It’s like printing money. Ridiculous, you may say. Well, I did just that for several years. This is how it happened — a continuous, quiet routine …
While the Nickel Plate gold mine in British Columbia continues to cause problems, the on-going message of Corona Corp. (TSE) for the entire company is one of good growth potential in low-cost precious…
Placer Dome has obtained approval from the government of Papua New Guinea to begin construction at its Porgera gold project, a $900-million investment. Placer Dome is operator holding a 30% interest w…
For the first quarter ended March 31, Malartic Hygrade Gold Mines (VSE) earned $211,353 or 6 cents per share. This compares with earnings of 4 cents per share during the same period last year. Malart…
The reactivation of the Bunker Hill mine has breathed new life into this depressed community which went into a tailspin after the mine shut down in 1981. Even so, the fragile nature of the area’s econ…
A stronger Canadian dollar was partly to blame for reduced earnings during the first quarter of this year, Hemlo Gold Mines (TSE) reports. The company, controlled by Noranda Inc. (TSE), says it receiv…
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) May120.00 117.00 117.10 — 8.50 Jun118.00 118.00 116.90 — 6.80 Jul117.50 114.50 11…
BGR Goldcorp Central MVP Capital Net value $11.59 7.22 6.28 0.66 Price $ 9.25 4.350 5.62 N/A Discount $20.19 39.7 10.4 N/A Va…
Low gold prices and a lower grade of ore at the Dumont mine near Val d’Or, Que., were part of the reason Belmoral Mines (TSE) recorded a $4 million net loss for the first quarter of this year, the com…
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