News

Investors sold off gold shares today, Feb. 7, forcing the index below the 8,000-point level to 7,943.92 points, off 73.73 points on the day. The bout of profit-taking came about despite another jump i…

This is the first of a regular monthly column by M.R. Brown, publisher emeritus of The Northern Miner. Work and play can make a good mix, even in semi-retirement. A case in point would have to be a vi…

Net earnings of US$30.5 million (31 cents per share) for 1989 on revenues of US$186 million were reported by LAC Minerals (TSE), compared with earnings of US$38.4 million (42 cents per share) in 1988 …

Shareholders of Acadia Mineral Ventures (TSE) have elected a new board of directors. Fewer than 19% of the eligible shares were voted. Recently elected at the company’s annual meeting at the National …

A 48-metre core intersection of massive and disseminated sulphide has been pulled by Louvicourt Gold Mines (COATS) on the northern portion of company property near Val d’Or, Que. Louvicourt, 58% owned…

Regal Goldfields (COATS) has entered into an option agreement with Exploration Brex (ME) to earn a 51% interest in the latter company’s Duhamel graphite property, about 65 miles northeast of Ottawa. T…

Although it managed to secure new feed for its nickel refinery in Fort Saskatchewan, Alta., Sherritt Gordon (TSE) has been hit hard by falling base metal prices. The Toronto-based company’s 1989 net e…

Junior Gold Pan Resources (VSE) announced that the first round of drilling was completed by Billiton Minerals at its Big 3/La Rae claims near Battle Mountain, Nev. According to Gold Pan, one hole retu…

Great Northern Gold (ASE) has started a $300,000 drill program on its Winteroad gold prospect in Garrison Twp., Ont. The company’s program will test two geophysical anomalies believed to represent the…

Gallery Gold Mines was the most active mining stock on the Alberta Stock Exchange during the week ended Feb. 6, moving up a penny on 433,800 shares traded. The company was unable to comment on the act…

An amalgamation is being planned between Rouyn-Noranda-based Halex Resources (ME) and William Resources, a company whose shares are not listed on any stock exchange. William Resources has interests in…

Economic gold mineralization has been encountered in a shallow drill hole at Kingswood Explorations’ (ASE) Devon property east of Matheson, Ont. The Devon claims, in Beatty Twp., are contiguous to the…