A bout of profit-taking capped another record-smashing week on the Toronto Stock Exchange. Fueled by increasing tensions in the Persian Gulf, gold bullion prices soared on Aug 3 to $478(US) per oz. At…
Selling shares in a subsidiary boosted Cominco Ltd.’s consolidated earnings for the six months ended June 30 to $19.5 million. An extraordinary gain of $17 million was realized from the sale of shares…
I would like to respond to comments contained in a letter from Henrik Thalenhorst of the Prospectors and Developers Association which you published July 6. As Energy, Mines and Resources Canada takes …
Hudson Bay Mining and Smelting has completed the purchase of the Ruttan copper mine from Sherritt Gordon Mines. The mine is located at Leaf Rapids, Man. Terms of the purchase were not disclosed.
Marker Resources of Calgary recently completed a $1.4-million subscription agreement with First Exploration Fund 87 to finance exploration activities on joint venture properties in Newfoundland and Ma…
A new gold zone, known as the J zone, has been discovered 1,200 ft northwest of the old shaft on the McWatters gold project near Rouyn, Que., John McAdam, president of McAdam Resources, reports. Visib…
Additional drill results look good from Card Lake Resources’ gold play in Harker Twp, Ont. A 12.5-ft section assayed 0.235 oz gold per ton. The property is located two miles west of the Holt-McDermott…
Equity Silver Mines reports net earnings of $5.5 million or 19 cents per share in the first half compared to $921,000 a year ago. Anthony J. Petrina, president, said the purchase and delivery to Plac…
Gold production from a placer eluvial deposit is scheduled to begin by year-end Cliff Resources says. The company plans to start open pit mining and processing of gold- bearing eluvial accumulations f…
An article in the June 29 issue of The Northern Miner titled “Newfields sees cash flow start by late 1987” contains numerous erroneous and totally misleading statements. Newfields Minerals states that…
Having successfully completed a bulk sample test on its wholly- owned Orion gold project near Val d’Or, Que., Malartic Hygrade Gold Mines (Canada) says it is now proceeding to a final feasibility stag…
The first platinum and palladium sponge produced from the Stillwater Mining mine’s sulphide concentrates will be available to sell on the open market in about a week. It was produced by the Metallurgi…
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