News

European investors have bitten off a chunk of Coral Gold (TSE) through the private placement of 950,000 shares at $2.05 per share. Net proceeds, after paying a finder’s fee of $129,875 to European fin…

The Homestake mine near Lead, S.D., has produced close to 36 million oz. gold from almost continuous operations since the start of production in the late 1870s. It is small wonder then that owner Home…

Reserves at the Hanson Lake project in northeastern Saskatchewan may increase by as much as 30-45%, based on recent results from ongoing drilling by partners Cameco and Trimin Resources (TSE). Two of …

A.C.A. Howe International has recommended a $1-million program of detailed mapping and about 20,000 ft. of drilling on a base metals property 11 km from Great Slave Lake, N.W.T. The ground has been op…

Increased gold production from Orofino Resources’ (TSE) Scadding project near Sudbury, Ont., couldn’t prevent the Toronto-based company from having to break out the red ink. Orofino reported a net los…

While a number of the newer gold mines in this country have been falling short of expectations, Agnico-Eagle’s (TSE) Donald J. Laronde mine in Quebec’s Bousquet area, now owned outright following the …

ALUMINUM: MW U.S. Market US68.50- 70.50 cents per lb. (Mar. 8, 1990). ANTIMONY: New York dealer US84-86 cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CAD…

A mineralized structure has been identified over a strike length of at least 1.3 miles on Black Gregor Explorations’ (COATS) gold property near Marathon, Ont. At the completion of their latest 32-hole…

Insider trading allegations against Murray Pezim and two other common directors of Calpine Resources (VSE) and Prime Resources Group (VSE) dramatically overshadowed recent meetings where Prime and Cal…

FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date April 3 April 2 Mar. 30 Mar. 29 Mar. 28 Copper 1670-1672 1700-1702 1652-…

The focus on the pulp and paper industry (and how it has measured up to new environmental demands) has given the mining industry a small bit of breathing space and a taste of what’s coming their way. …

The latest drill results from the Eskay Creek project north of Stewart, B.C., include more impressive high-grade gold and silver assays from the 21B deposit where operator Calpine Resources (VSE) is c…