News


Aber moves second rig into Sunrise

Exploration work is being accelerated at the Sunrise Lake project of Aber Resources (VSE) and Hemisphere Development Corp. (VSE) in the Northwest Territories. A second drill has been added to outline …



OSC paves way for Falconbridge to buy back stock

Falconbridge Ltd. (TSE) wasted no time in getting in its final bid to Placer Dome (TSE) to buy back the 24.9% stake Placer holds in the big nickel company. Having successfully obtained Ontario Securit…


FUTURES PRICES (July 04, 1988)

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul 105.50 102.05 105.40 — 2.95 Sep 100.00 96.80 100.00…


Stronger dollar has gold reeling

The price of gold fell to $434.90(US) per oz at presstime, with analysts blaming a stronger U.S. dollar and falling grain prices for the decline. “The U.S. dollar is strong, that’s the key,” said Toro…


Montreal Exchange Cambior exits Red Lake

A falling gold price at week’s end seemed only to spur investors on the Montreal Exchange, where both the market portfolio and mining and minerals index recorded gains during the holiday-shortened tra…



NovaGold hits the road to raise $4-$20 million

With a successful financing, NovaGold Resources (TSE) of Halifax, N.S. could have its first gold mine in production by the end of the year, says president Gerald McConnell. Speaking at an information …


Global mine production of gold up 6% in 1987

As in past years, international mining company Consolidated Gold Fields’ Gold 88, a review of last year’s gold scene around the world, does not disappoint. Below is a sampling of information “nuggets”…


New N.B. exploration fund draws hopeful prospectors

Chances look good that prospectors will be flocking to take advantage of a new mineral exploration assistance program set up by the province of New Brunswick. Though it had been open for business for …



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