A terrific hole, all in sulphide ore, of 620 ft grading 0.3 oz gold per ton has been pulled on the Goldstrike property in the Carlin gold belt area of Nevada by operator American Barrick Resources. Th…
Although the average cost of closing a steel plant in the United States is down substantially from a few years ago, it is still high enough to keep several non-competitive plants in operation. And, th…
Spot closing prices in Pound Sterling per tonne Date Mar. 17 Mar. 16 Mar. 13 Mar. 12 Mar. 11 Copper 906-907 916-917 926-928 913-914 900-901 Lead 308-309 313-314 …
Several Paul Penna companies were active traders this week on the COATS system. Langis Silver & Cobalt Mining heated up to 75 cents -80 cents on news that drilling is in progress on its Cobalt, Ont.,…
The overall annual growth of copper demand until 1995 will be 1.3%, according to a recently released World Bank report, The World Copper Industry: Its Changing Structure and Future Prospects (1984-199…
The Big Springs gold project in northeastern Nevada has been deemed commercially viable by Freeport McMoRan Gold and production could begin this September. Bull Run Gold Mines has a 40% interest in th…
Canamax Resources plans to pay $9 million for the remaining 50% interest in the Kremzar gold property near Wawa, Ont. The Algoma Steel Corp., which holds the interest through its 93%-owned Kremzar Gol…
A silicified shear zone well mineralized with sulphides has been intersected over a core length of 60 ft in drill hole No 2 on St. Genevieve Resources’ Casa Berardi- Laberge gold property in northwest…
Hurting from a dismal tungsten market, Canada Tungsten Mining has decided to sell its 32% interest in Queenstake Rsources. That equity position represents about 1.98 million shares and a market value …
Kiena Gold Mines, which almost doubled its profit in 1986, (to $6,959,000 from $3,778,000 in 1985), plans a stock split of its common shares, on a two-for-one basis. Shareholders will be asked to appr…
Penway Explorers reports it has an agreement to acquire 20 additional mining claims in the Red Lake area of Ontario. The company says to date no work has been done on these claims, but that it intends…
Toronto-based Canadian Lencourt Mines has completed a placement with NIM and Co., Ltd. Partnership — 1987 of 1,250,000 shares on a flow-through basis, netting the company $500,000, subject to regulat…
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