News

Trading was quiet on COATS this week with share prices generally unchanged to fractionally lower. Last month’s average daily value traded on the over-the-counter market reached a 12-month low of less …

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jun116.65 115.55 115.70 + 6.85 Jul118.60 115.20 116.00 + 6.60 Sep115.50 112.8…

Bema Gold — G. Nordin sold 57,000 (May) @ $1.01-$1.05 to hold 545,516. Citadel Gold — Sherfam Ind. bought 833,176 (Apr, May) @ $1.15-$1.50 to hold 4,680,096. Cominco — Teck bought 244,879 (May, pri…

It’s 1987 and in southwestern Newfoundland, the Hope Brook gold mine is getting under way. But before any surface blasting can be carried out, crews must ensure there are no caribou within a 550-yd ra…

Traditionally known as a silver mining company, Coeur d’Alene Mines Corp. (AMEX) is increasingly being perceived as a significant gold producer. Dennis Wheeler, president and chief executive officer o…

The Canadian Mining Hall of Fame will induct eight new members early in 1990 to join the 12 members selected this year. The new members — four living and four deceased — will be honored at a dinner …

Options Open Series Volume Last Interest Aug 370 C . 158 7.00 552 Aug 380 C . 999 4.00 1,792 Aug 390 C . 261 2.50 1,690 Aug 400 C . 167 1.50 2,570 Aug 420 C . 187 1.00 1,49…

I would like to share some of the lessons that I have learned in bringing on three new gold mines. Many of the observations that I am going to make may be pretty obvious to some of you. However since …

Daniel Audet, a well-known and respected prospector, died recently after a lengthy illness. Born in 1908, Audet prospected throughout Canada, particularly in Ontario and Quebec. In 1985 he was named “…

From a speech by Jake Epp, minister of Energy Mines and Resources Canada, to the Mining Association of Canada I am well aware of the enormous contribution of the mining industry to the Canadian econom…

An amalgamation of International Thunderwood Explorations (TSE) and Syngold Explorations (TSE) has been completed. The new company is called Thunderwood Resources and will be listed on The Toronto Sto…

Toronto-based Metall Mining (TSE) recently filed a preliminary prospectus for a public offering of subordinated convertible debentures. Metall said the debentures will be convertible into common share…