News

A powerful price surge both north and south of the border has made it a banner week for investors. With a blockbuster gain of 104.59 pts over the reporting period, the widely followed composite 300 ha…

Gibraltar Mines has approved the filing of a preliminary prospectus for a common share issue which should raise about $5.8 million. Some 554,546 shares will be sold at a price of $8.25 each by the com…

With 422,200 shares changing hands during the week, La Societe d’Exploration Mazarin surged ahead to its highest level since being listed on the Montreal Exchange in 1986. Mazarin peaked at 80 cents …

Drilling should start this February on Roxwell Gold Mines’ MOS project 50 miles northwest of Yellowknife, N.W.T. The property falls under an option agreement with Canamax Resources. Canamax can earn a…

Interlake Development says no further drilling is planned on its Hemlo, Ont., property following drilling of hole IL-2Y to a depth of 6,163 ft. Hole IL-2Y intersected the Moose Lake formation from 4,6…

Tightly held Twin Gold Mines was one of the best performers this week, adding 70 cents to trade at a high of $2.25. The company controls the Lingman Lake gold deposit north of Red Lake, Ont. Hosting …

Well that was some victory we won(?) in those last-minute negotiat ions to settle that Ottawa-Washington bitter trade dispute over the imposition of U.S.-ordered taxes against our multi-billion- dolla…

Galactic Resources reports December gold production of approximately 6,700 oz from the Summitville, Colo., mine, bringing total gold equivalent production to approximately 55,000 oz, since the initiat…

A 500-ton modular mill will likely be operating at an initial rate of 250 tons per day by late March at Tartan Lake, eight miles northeast of Flin Flon, Man., according to project operator Granges Exp…

Canadian Occidental Petroleum – Jerry R. Wright appointed executive vice-president and chief operating officer.

Royex Gold Mining Corp. reports that arrangements have been made to fund mineral exploration during 1987 by a placement of flow- through common shares to CMP 1987 Resource Partnership and Company Ltd….

Due to depressed base metal prices, Sherritt Gordon Mines is writing off $24.6 million, which represents the carrying value of the company’s Ruttan mine in Manitoba. At present prices, Sherritt says t…