News

Gold production at the Golden Bear mine near Dease Lake, B.C., will be reduced by about 50% for the next 5-6 weeks while operator North American Metals (VSE) corrects the failure of a key component in…

For several years, Seabright Explorations (TSE) has been trying to make a gold mine out of its Moose River property in Nova Scotia’s Meguma group sediments. But the company recently announced plans to…

Drilling results from the SKI project, directly north of the rich Eskay Creek property north of Stewart, B.C., were greeted with a mass of sell orders. Adrian Resources (VSE) owns the project and Prim…

A recent survey shows a steady growth in the use of incentive schemes by miners in the U.S. Of the 156 mines surveyed, 42% reported that they have a bonus plan in place, compared with 35% last year, 2…

Core from the first four surface holes drilled this season on Tenajon Resources’ (TSE) SB property near Stewart, B.C., is reported to contain intersections with “significant sightings” of visible gold…

A $12-million expansion is under way at the main research and development laboratory of Inco (TSE) at Sheridan Park in Mississauga, Ont. First phase of the expansion will involve construction of a new…

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 …

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…

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…

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 …

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…

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…