News

Metallgesellschaft Canada Investments, a wholly-owned subsidiary of Toronto-based Metall Mining has reported substantially increased earnings for the year ended Oct 31. A dilution gain of $5.2 million…

The Quebec government mining company soquem (Societe quebecoise d’exploration miniere) has a new president and chief executive officer. Andre Laurin, formerly assistant deputy minister (mines) with th…

Recently acquiring 24 claims near Dog Pond in south-central Newfoundland was Bitech Energy Resources of Toronto. The agreement calls for a 2% net smelter return and is subject to regulatory approval. …

Inco Ltd. is currently reviewing its female placement policy following a decision by a human rights inquiry which ruled that the company can no longer bar women of child-bearing age from working in pa…

Would you be kind enough to provide me with some information on Beauce Placer Mining Co. which seems to be active, even if I haven’t read about it recently, and on Prime Potash Corp. of Canada which a…

As was widely anticipated (N.M., March 7/88), a Prime Capital (Pezim) Group company has entered the takeover battle for Vancouver-based North American Metals. It has added a bit of much- needed excite…

Following the sale of its Chibougamau gold/copper mines to Western Mining Corp. of Australia, Northgate Exploration recently reported its best ever financial results. Northgate ended the year with app…

Having second thoughts about its proposed offer to buy all of the outstanding shares of Louvem Mines it does not already own is St. Genevieve Resources of Montreal. The company, which currently owns a…

Total sales of potash by North American producers for all purposes (including exports) during 1987 were about 17.5 million tons containing an equivalent 10.2 million tons K203 1/20, according to the P…

A re-interpretation of the geology of two former-producing gold mines 45 miles east of Red Lake, Ont. has resulted in good results for Toronto-listed Orofino Resources. Results from a drill program, d…

ALUMINUM: MW U.S. Market 101.00 cents – 105.00 cents per lb. (Feb 25, 1988). ANTIMONY: New York dealer $1.09-$1.15 per lb. (Feb 25, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (Feb 18, 1988). …

Toronto-based Cliff Resources says it is progressing toward production at its Green Hill gold mine at the Olinghouse district, northwest of Reno, Nev. Financed with a project loan bridged to a gold lo…