News

Halfway through a 20,000-ft. underground drilling program on the Pend Orielle project in Washington State, RFC Resource Finance (TSE) has extended the strike length of the Yellowhead zone by 600 ft. L…

Production of 3,450 oz. gold was reported by Rouyn Mining Resources (TSE) during the first quarter from its Francoeur mine project near Rouyn- Noranda, Que. Rouyn, the operator, and its 50-50 partner …

A director of Waterford Resources (VSE), a company prominent in recent claim disputes in northwestern British Columbia’s Eskay Creek gold camp, has resigned to “pursue career goals” with the province’…

Lightly traded Wye Resources says it plans to drill a newly acquired parcel of land in Gorham Twp., near Thunder Bay, Ont., this June. Commonly known as Thunderhead Gold Mines, the property contains b…

Potential buyers will have until the middle of June to make offers for certain Chilean gold properties held by Cominco Resources International (TSE) and a joint venture partner. The partners are join…

Bernard Brynelsen appointed director and chairman of the board succeeding Bevan Anderson who resigned.

Erskine Young appointed president and director.

Exploration resumed recently on three Val d’Or, Que., base metal properties optioned by Aur Resources (TSE) from Consolidated Abitibi Resources (ME) and Dumont Nickel (ME). Aur is spending $500,000 o…

Options Open Series Volume Last Interest Aug 360 P 100 11.00 215 The New York closing gold price was $356.70 per oz. Last quotations for gold …

Donald Busby has resigned as a director.

“I think what has happened is that gold has reverted to its long-standing original role: shock absorber. For centuries it absorbed every attempt by kings and governments to debase coinage. Commodity p…

Along with efforts to explore for and acquire base metal properties, management of Placer Dome (TSE) intends to further improve the company’s operating performance this year. “Our profit margins are …