News

Gold Funds as of November 13, 1997 BGRCentralNet Value$16.20$5.73Price$11.95…

Patrick Raleigh appointed director.

Paul Jones president and CEO.

John Hick, Colin Dobell and Owen Owens elected directors.

Michael Magrum elected director.

International Precious Metals (IPMC-C) has announced that a study by consulting firm Bateman Engineering has “confirmed the presence of gold and platinum” on the company’s Black Rock property in weste…

Low gold prices are forcing Royal Oak Mines (RYO-T)to trim production costs and lay off workers.The strategy is designed to ensure the company has sufficient cash on hand to complete construction of t…

Junior Fremont Gold (FGLD-Q) has signed a letter-of-intent to acquire the 80,000-ha Dania gold property in the Maricunga district of northern Chile.The property, currently owned by Chilean-based Dania…

With no foreseeable sign of a turnaround in the weakened gold market, Campbell Resources (CCH-T) is suspending operations at its Santa Gertrudis mine in Sonora state, Mexico, in order to focus on expl…

Pegasus Gold (PGU-X) has responded to the depressed gold price by announcing its intention to close down the Mt. Todd gold mine in Australia’s Northern Territory.The company also took a nearly US$400-…

Inco (N-T) continues to restructure its Ontario and Manitoba divisions with programs of expanded production, mine closures and workforce reduction.In Ontario, increased production from McCreedy East i…

Almost everything we hear or read about gold’s downward price trend these days points to its failure to react to perceived political crises and ongoing sales of gold by some central banks. The unmista…