News

Nearly 26 years after it was mothballed, the old Flavrian property near Rouyn-Noranda, Que., is about to become a gold producer once again. Operator Cambior Inc. says it is within two months of a prod…

A new force has arrived on the Vancouver mining scene, one which has already challenged a takeover attempt by a large U.S. major for an emerging B.C. gold producer. Prime Capital (through Pezgold Reso…

In an unspectacular trading session, large blocks of four gold issues crossed the floor. Although the interest in Suffolk Resources, Sweany Gold, Varna Gold and Argus Resources, may have reflected a f…

When Northgate Exploration acquired a 13% equity stake in Campbell Resources and an option on 19.6%, it came as no surprise to Northgate watchers. Campbell’s Chibougamau gold/ copper interests made it…

The Aquarius gold mine, operated by Asarco Exploration Canada, is expected to produce 15,000 oz of gold this year. Located 22 miles east of Timmins, Ont., the mill began processing feed from a surface…

Infill drilling completed by Saskatchewan Mining Development Corp. on the Fork Lake gold property in Saskatchewan, has confirmed the continuity and high grade nature of the zone, the company says. Par…

An exploration program has been started by Tarzan Gold on the company’s 923-claim property in the Casa Berardi area of Quebec. Located eight miles southwest of the Golden Pond mine project being devel…

One of Murray Pezim’s Prime Group companies has moved to take control of Delaware Resources Corp., whose principal asset is the snip gold project near Stewart, B.C. Colossus Resource Equities has made…

Charlim Explorations has changed its transfer agent to Guaranty Trust Co.

An aggressive acquisition policy appears to be paying off for Edmonton-based Echo Bay Mines. After paying Tenneco Inc. $130 million in late 1986 for a number of precious metal properties in the United…

Net income of $39.3 million on revenues of $342.6 million was reported by Hudson Bay Mining and Smelting in 1987, compared to a net loss of $20.2 million on revenues of $291.2 million in 1986. Preside…

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar 104.00 102.80 103.40 + 2.30 May 97.20…