News

Earnings for the first nine months of 1991 remained unchanged from a year earlier for Pegasus Gold (TSE) which reports net income of US$6.3 million for both periods. Earnings for the 1991 third quarte…

Equip-ment financing for the Refugio gold project owned 50% by Bema Gold (TSE) has been arranged through Caterpillar America and its Chilean distributor. Caterpillar will supply up to US$24.6 million …

The Newfoundland branch of the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) will hold its 38th annual meeting on Nov. 7-9 in St. John’s. It will begin with a day-long Open House by the…

In response to continuing weakness in the nickel market, Falconbridge said it is extending the shutdown of one of two electric furnaces at its Dominican Republic ferronickel operation until at least t…

A second rutile (titanium) property in northern Chile has been acquired by Adonos Resources (VSE). The company said surface investigations of the wholly owned La Rosada property indicate the potential…

Further work on Fort Knox Gold Resources’ (TSE) claims in Fawcett Twp., Ont., will get under way as soon as financing is complete, says Wayne Whymark, vice-president of exploration. “I am quite confid…

Trading volumes were steady but both the market portfolio and mining and minerals index experienced 15-point losses for the week ended Oct. 29. Daily volumes ranged between four million and 8.6 millio…

Oct 29 Oct 28 Oct 25 Oct 24 Oct 23 High Low Composite “300” 3485.42 3455.84 3434.17 3446.94 3459.16 4009.47 3009.91 Metals & Minerals 3001.05 2967.09 2965.83 2974.53 3000.16 3453.06 2502.63 Intergrate…

Australian financier Chrisilios Kyriakou, who was ousted three years ago from the board of Pamour Inc., is making a comeback in the gold mining business. Kyriakou’s private firm Walhalla Mining is pla…

Saskatoon-based Cameco (TSE) has filed a final prospectus for a secondary share issue. The secondary issue includes 5.33 million common shares of Cameco held by the Saskatchewan Mining Development Cor…

Well-known prospector William Storie died suddenly on his claim at Snow Creek near Cassiar, B.C. He was 82. At 21, Storie began his career, prospecting for Crown Point Mining. He then worked as an ind…

Petromet Resources (TSE) has signed a letter of intent to sell a 50% interest in the Rambler base metal property at Baie Verte, Nfld., to Newfoundland Exploration (Newexco) in exchange for common shar…