News items concerning two of the world’s leading gold- producing countries came across our desk the other day, one claiming that the U.S. has supplanted Canada as the western world’s second largest go…
Dundee-Palliser Resources and North American Rare Metals have received assay results for 16 additional diamond drill holes from the 1987 summer exploration program at their Vezza Twp., Que., property….
Hard on the heels of the formation of Placer Dome Inc., now North America’s largest gold producer, the company has come up with some good financial numbers. Placer Dome was created just days ago by th…
Two companies active in a 3-firm, joint-venture platinum exploration project in northern Quebec, Messeguay Mines and Oasis Resources, were top traders this week on the Montreal Exchange, with Messegua…
Gunnar Gold Inc. reports it will raise $1,250,000 through a private placement agreement for the issuance of common shares and share purchase warrants, the latter entitling holders to acquire an equal …
Higher gold prices coupled with productivity increases at the Cannon mine in Washington State put Breakwater Resources solidly into the black during the first half of 1987. Net earnings for the period…
Aug. 18 Aug. 17 Aug. 14 Aug. 13 Aug. 12 Gold London Bullion Dealers afternoon (morning) $US per oz. 457.50(454.90) 453.30(454.80) 460.00(457.40) 462.50(462.05) 463.40(461.00) Gold Bank of Nova Sco…
Jascan Resources of Toronto has reached an agreement to earn an interest in a large silver/copper deposit in Montana. The agreement requires Jascan and partners Pacific Coast Mines and Atlantic Goldfi…
Hudson Bay Mining and Smelting moved well into the black in the first half this year, thanks primarily to higher production and sales volume for both copper and zinc. In the second quarter, the compan…
Total steel consumption may decline by 3% this year among oecd- member countries, the Paris-based Organization for Economic Co- operation and Development reports in The Steel Market in 1986 and the Ou…
A 36% interest of Vancouver-based Arizona Star Resource was recentl y acquired by Amir Mines. The latter purchased 1.2 million shares for $864,000. In addition, Amir acquired a one-year option to purc…
Exploration programs are under way on four properties controlled by Hemisphere Development. In the Courageous Lake area, N.W.T., the company is drilling sections of a 14-km-long property which adjoins…
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