News

Driven by threats of a miners’ strike in the Soviet Union, shares of Toronto-based Inco (TSE), the western world’s largest nickel miner, recently equalled their high for the year of $39.63. However, a…

Norman Anderson elected chairman.

Walter Fries appointed director succeeding Lynda Muirhead who resigned.

A preliminary reserve estimate was released by Eurus Resource (VSE) and Thios Resources (VSE) for their joint venture Rock & Roll property in the Iskut River region of northwestern British Columbia. T…

Hudson Bay Mining & Smelting Co. Ltd. (HBM.S:TSE) has advised that the quarterly dividend on the special shares, normally payable in March, will be omitted.

Krigold Resources (VSE) says it is seeking private placement funding or a joint venture partner to initiate a $350,000 exploration program on its 65% owned Sachigo River gold property, about 250 miles…

Springer Resources Ltd. (SPR:VSE) has changed its transfer agent to Royal Trust Co.

James Hirst appointed president succeeding Michael Philpot.

Shares of Tucson-based Arimetco International (TSE) recently rose 25 cents to $3.35 after the company entered into a 5-year copper sales agreement with New York metals trader Billiton Metals. Under te…

An agreement in principle was reached between El Condor Resources (VSE) and Covenant Resources (VSE) for the merger of the two companies. The new company will issue one new share for each El Condor an…

The shares of nickel producers have strengthened in recent weeks in reaction to a sudden jump in the nickel price, and some analysts are calling for further price increases by year-end. Major producer…

A private Australian company has agreed to provide a $150,000 loan to finance development at Swansea Gold Mines’ Ruby Creek gold prospect near Wisdom, Mont. The property hosts a 2.56-million-cubic-met…