News

An 85% drop in second-quarter earnings for nickel giant Inco (TSE) reflects predictions the company made at an analysts’ meeting last November. “They warned us,” says Richardson Greenshield’s Ray Gold…

Toronto-based Arimathaea Resources (TSE) has acquired a 14.74% stake in Mid-East Minerals Ltd. of Western Australia and can increase its interest to 19.9% if the Australian Foreign Investment Review B…

GR Capital and its president, Glen Harper, have had their trading privileges suspended as part of a settlement agreement after allegedly violating certain takeover bid provisions of the Ontario Securi…

Nell Dragovan, the woman who helped to secure International Corona’s (TSE) position in the Hemlo, Ont., gold camp, was recently an active seller of Prime Equities (VSE) shares. A director of a number …

Canada has a new intermediate gold producer. Royal Oak Mines (TSE) is a 200,000-oz.-per-year gold company formed from the recent amalgamation of Royal Oak Resources and four companies in the Pamour gr…

Holcorp Gold Mines (CDN) has raised proceeds of US$480,750 through a recent issue of 640,999 special warrants. Each special warrant entitles the holder to acquire, at no extra cost, one common share a…

Drilling is now under way at the Polaris-Taku gold property, about 65 miles south of Atlin, B.C. Suntac Minerals (VSE) is earning a 60% interest in the property from Rembrandt Gold Mines (ASE). To dat…

Revisions to the problem-plagued QSL lead smelter at Trail, B.C., will remain on hold while test work continues aimed at resolving major process and mechanical difficulties which forced a shutdown of …

Omax Resources Ltd. – 500,000 shs offered @ 50 cents per sh. Tombstone Explorations Co. Ltd. – 800,000 units consisting of 1 sh and 2 series “A” purch wts offered @ 45 cents per unit Jordex Resources …

The confusion surrounding net profits royalties (NPIs) and their definition is resurfacing once again, this time in the form of a dispute between American Barrick Resources (TSE) and part-time prospec…

During the next 6-9 months, Placer Dome (TSE) plans to expand its international exploration presence and re-allocate resources in Canada. New exploration offices will be opened at Coral Gables outside…

The best hole of nine recently drilled on the SIB claims in the Eskay Creek region of northwest British Columbia returned a 9.8-ft. intersection grading 0.23 oz. gold and 54.9 oz. silver per ton from …