News

An additional 1,000 ft of drilling is planned for Hector Resources American Flag property in Arizona. The drilling follows encouraging results acquired from a five hole program which tested sections o…

Brenda Mines reports a third- quarter net loss of $2.8 million or 61 cents a share, on revenues of $11.6 million. The company reported a third-quarter loss last year of $3,076,000, but notes results f…

Visible gold has been cut in a drill section completed by Duration Mines on the company’s large Casa Berardi area property in Quebec. Three of seven holes intersected quartz veining associated with a …

Several issues made good gains on the over-the-counter markets this week. Hucamp Mines traded up to $1.50. Noranda, which has Hucamp’s Manitouwadge, Ont., property under option, has encountered sulphi…

Teck Corp. has moved quickly to eliminate the short-term bank borro wings it required for the takeover of Cominco. The company will place 1.75 million units in Europe which should net about $60 millio…

Gold-silver mineralization has been encountered on the Tommy Jack property in northwest B.C. by joint venture partners Goldcap Inc. and Noranda Explorations. This mineralization was encountered in a s…

A common share offering, with an international flavor, has been announced by Edmonton-based Echo Bay Mines, the proceeds of which will go to help finance its acquisition of Tennaco’s North American go…

Although Pine Point Mines posted a healthy $5.2-million profit in the third quarter, the picture for nine months was less than satisfactory. A loss of $4.6 million was reported, compared to a profit …

In a brilliant coup which startled this country’s financial district s, one of Canada’s top developers, Robert Campeau, single- handedly gained control of Allied Stores Corp., a huge U.S. store chain….

Take 45 of the largest financial institutions in the world, add almost $40 million in capital — loose change for the big players — and you get Resource Capital International (RCI). Bermuda-based in …

Alberta-listed Pan East Resources has entered into a heads of agreement with Resource Capital International and Greenstrike Gold Corp. Under the terms, Resource Capital will purchase 555,555 units o…

For the nine months ended Sept 30, McIntyre Mines posted a profit of $1.65 million or 45 cents per share before extraordinary income, compared to a profit of $1.3 million or 36 cents per share in th…