News

First-quarter earnings for Cheni Gold Mines (TSE) took a turn for the worse this year with the company reporting a net loss of $1.5 million on revenues of $5.2 million. The company reported a cash fl…

Options Open Series Volume Last Interest May 370 P 10 12.00 10 The New York closing gold price was $359.90 per oz. Last quotations for gold optio…

If this historic mining town once again becomes an active mining centre, Echo Bay Mines (TSE) will have led the way. The company has taken on two former producing projects just outside this picturesqu…

The state of our natural environment has become a pressing public concern, both here in Canada and around the world. It is clear that decisive action must be taken to protect the environment, and I be…

Andrew Babiy has resigned as a director.

John Erickson appointed director.

The Refugio gold project owned 50% by Bema Gold (TSE) in Chile is located at an elevation of 14,500 ft. rather than at the altitude as previously reported (T.N.M., April 15/91, April 29/91).

An agreement to sell their combined 40% interest in the Tyranite gold mine near Timmins, Ont., failed to spark the share price of either Gunnar Gold Mining or Mill City Mining in the week ended May 14…

Regarding the article “Mining executives among best paid” (T.N.M., April 15/91), it is stated that sundry mining executives “took home” various substantial rewards. Are we to understand that these su…

Summer exploration has commenced at a number of properties optioned by VSM Exploration (TSE) and its privately owned French partner Serem-Quebec in the Quevillon-Desmaraisville region of northwestern …

From the Casa Berardi area of Quebec, TVX Gold and Golden Knight Resources reported completion during the first quarter of 19 drill holes at their joint venture gold mining project. Five of the holes …

Despite a drop in gold prices, a 12% increase in gold production helped Echo Bay Mines (TSE) return to a profitable position in the first quarter of 1991. The gold miner reported earnings of $4.4 mil…