Toronto-based Goldex Mines (TSE) is expanding its Val d’Or, Que. interests to include a couple of exploration properties controlled by Ormico Exploration Ltd. (ME) The Goldex Extension and Thompson Ri…
Faced with the uncertainty of operating the Puffy Lake mine economically, Pioneer Metals Corp. (TSE) has reduced the carrying value of the mine in its financial results for the year ended Dec 31. The …
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr 128.50 128.20 128.30 — 10.60 May 129.10 126.70 128.20 — 9.20 Jul 122.20 120…
Chalk it up as a fairly tranquil week on the exchange, with gold continuing to languish below $400 (US) per oz and investors expressing concern about higher interest rates and the direction of the eco…
VANCOUVER Big Creek Res — 200,000 sold for gross $90,000. Bunker Hill Mng Co — opt exerc on 40,000 @ $3 per sh. Golden Rainbow Res — 500,000 sold for gross $160,000. Goldrite Mng Corp — opt exerc …
Calgary-based Bresea Resources (ASE) has managed to ease itself out of financial difficulty by issuing shares for debt. According to Bresea, a debt load of $100,000 will be paid off when it issues 205…
I read with interest your obituary on Allison Heather in the Mar. 20, 1989, issue. However, there was one glaring inaccuracy which I would like to correct. Mr Heather was never manager of Madsen Red L…
There have been many horror stories in this country in the past year about premature feasibility studies that over-estimate grade and mineable reserves but under-estimate capital and production costs….
Sole ownership of the Siscoe project near Val d’Or, Que., remains with Maufort Resources (ME), the company says. Maufort says Cambior Inc. (TSE) has withdrawn from the operation of the project and, ac…
Vancouver-based Mono Gold Mines (VSE) says that a recently completed surface drill program on its Bannockburn project near Madoc, Ont., indicates that more underground exploration is required. Mono Go…
With the United States steel industry operating at 90% of capacity, the fortunes of Oglebay Norton Company (NASDAQ) have improved dramatically. According to President Renold Thompson, iron ore pellet …
Fluor Corp. has retained two investment banking companies to screen inquiries concerning its 57.5% interest in Doe Run Lead. Doe Run is a major lead producer in the United States. Fluor says although …
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