News

If miners are not already doing business in Western Europe, it will become increasingly difficult to do so after Jan. 1, 1993. As well, the Soviet Union is open for mining business. That was the messa…

Increased revenue and gold output were reported by Cambior (TSE) for the first quarter of 1990. Net income declined slightly. The Val d’Or, Que.,-based producer recorded net earnings of $4.6 million (…

“Do we need minerals? Only if we want buildings, roads, ships, cars, airplanes, glass windows, plates, cutlery, industrial machinery, communications equipment, energy generation and transmission, and …

Volume was light-to-moderate this week but investors seemed to know what they wanted. The general market portfolio index jumped almost 55 points for the week ended May 8, and the mining and minerals i…

At a time when high interest rates and the strong Canadian dollar are sending corporate profits on a downhill slide, Corona (TSE) has managed to buck the trend, doubling its first-quarter earnings to …

With net earnings of $2.3 million for the 1990 first quarter, Princeton Mining (TSE) is still firmly in the black and paying dividends even though this year’s results are off considerably from the 198…

Donald Hurd, a well-known prospector, died in Kirkland Lake, Ont., May 5. He was a member of both the Prospectors and Developers Association and the Canadian Institute of Mining and Metallurgy. Born i…

As a result of a merger between Atlantic Goldfields (COATS) and Norcast, Atlantic’s main interests have switched from mining to producing grinding media from Norcast’s three iron and steel foundries. …

The first mining company to announce a stake in a band of newly opened claims near Cobalt, Ont., is Bethlehem Resources (TSE). Bethlehem, along with joint venture partner Northair Mines (TSE), staked …

Nickel producer Timmins Nickel (TSE) says a contract with Giant Yellowknife Mines (TSE) for custom milling of ore from the Redstone mine near here will resume soon at Giant’s Schumacher mill. The old …

Results released by a number of participants in the Vezza-Douay Twp. region of northwestern Quebec have drawn attention to what looks like a promising gold exploration play. While economic gold values…

In a bid to increase its gold production and exploration prospects, Crown Resources (VSE) has taken a 30-day option to purchase a number of assets from Nevada Goldfields (TSE). The assets, all in Neva…