A spate of buying has crept back in the markets as evidenced by the steady gains in the composite index. Today’s 5.67-pt advance moved the composite to 3,430.15 pts — up 50 pts for the week. Today’s …
N.Y. Commodity Exchange Copper (in UScents per lb Oct 141.00 139.10 139.40 +1.40 Dec 137.50 130.50 134.40 +6.60 Jan 132.00 130.00 128.40 — Silver (in US cents per oz) Oct …
A court case involving Gold Standard Inc. (NASDAQ) and American Barrick Resources (TSE) has turned into a legal slugfest. The dispute involves the Mercur mine in Utah in which Gold Standard presently …
Several consulting firms have been engaged by Athena Gold Corp. (VSE) to conduct independent verification of significant portions of the known data on its Talapoosa gold and silver property in western…
The Ontario Securities Commission has temporarily blocked Noranda Inc’s (TSE) move to increase control of Falconbridge Ltd. (TSE). Citing pre-bid integration rules, the Commission has stopped Noranda’…
C-I-L Inc has been restructured by its parent Imperial Chemical Industries PLC. The move includes the establishment of a world explosives business headquarters in Canada. ICI purchased a 27% interest …
A drilling program totalling 12,000 ft has been started on two properties in the state of Virginia in the United States, Virginia Gold Mines (ME) reports. The drilling will be performed on the Hughes …
Net earnings from operations of $6.76 million (19 per share) were reported by Brunswick Mining and Smelting (TSE) for the third-quarter of 1988 compared with $17,000 for the same period last year. Val…
The first dore button containing an estimated 207 oz of gold and 327 oz of silver has been poured at the Gilt Edge mine in the northern Black Hills area of South Dakota. The event marked the start-up …
Hudson Bay Mining & Smelting’s request for help from the federal and Manitoba governments to modernize its smelter at Flin Flon, Man., has raised an unwarranted level of hysteria. Rhetoric from those …
The bear market combined with the spate of bank takeovers of Canadian brokerage firms is proving too much for some firms, which have been forced to cut back staff. Sources from London tell us that Sco…
Led by Inco, which reported net earnings of $200-million(US) in the 3-month period ended September 30, third-quarter results for base metal mining companies are showing excellent performances. Recentl…
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