News

Will someone please explain what is going on, to an ignorant, uneducated holder of many Canadian mining stocks? First, an article in The Northern Miner (April 11/88), stating that a huge new corporati…

Just how serious Murray Pezim is about keeping control of Delaware Resources (VSE) has become more than evident. Several companies in his Prime Capital Group have announced plans to purchase Delaware …

Royex Gold Mining Corp – Peter McBride appointed director, public and investor relations and Igor Levental, director, acquisition and evaluations…

Operations at Hudson Bay Mining and Smelting’s (TSE) Ruttan copper mine at Leaf Rapids, Man., are at a standstill after 330 employees called a strike at midnight, May 31. In the latest setback for the…

Like a breath of fresh air on a humid Toronto afternoon, a 3-day rally which has added more than 100 pts to the composite index couldn’t have come at a better time. With the market testing post-crash …

Through a number of private placements and flow-through share agreements, Calgary-based Stratabound Minerals (ASE) has raised about $800,000 to finance exploration on its New Brunswick and Northwest T…

A quiet market this week — volume slipped to 2.6 million shares one day — suddenly turned bullish on the final day of our report period, with the market portfolio gaining more than 39 pts and the mi…

The Nickel Plate mine of Mascot Gold Mines (TSE) reported an operating profit of $8.3 million for the quarter ended March 31. During that period, Mascot paid off $10 million of its gold loan, equivale…

By leasing the former Venus mill from an affiliate, Omni Resources (VSE) hopes to have its Skukum Creek gold property in production later this summer. The mill was previously leased from United Keno H…

Net income of $1.2 million before unusual items and $3.4 million (4 cents per share) after unusual items was reported by Royex Gold Mining (TSE) for the second quarter ending March 31. For the same pe…

First-quarter earnings jumped 16.3% compared with the same period in 1987, Cambior Inc. (TSE) reports. Net earnings were $3.6 million (15 cents per share) on revenue of $26.6 million, compared with $…

Just three months after Newmont Gold announced a $404-million program designed to develop its gold deposits on the Carlin trend in Nevada, the expansion policy is beginning to pay off. While reserves …