News

Business Bureau warns of offshore investment scams

North American investors swept up in the new overseas investment craze would do well to temper their euphoria with the utmost caution, since a new breed of con artists is cashing in on the rush to glo…



U.S.REPORT Brush Creek reports discovery

Keewatin Engineering was recently retained by Brush Creek Mining and Development (NASDAQ) to assist in evaluating a high-grade gold discovery made on a former producer in California’s famed Motherlode…



Vior gets another good intersection

A single high-grade drill intersection of 30.7 ft. grading 0.69 oz. gold per ton has been reported by Inco (TSE) and its two partners from the Douay joint venture, eight miles northeast of Joutel, Que…


Barrick set to raise $122.5 million

American Barrick Resources (TSE) recently filed a preliminary prospectus for a $122.5-million public offering designed to enable the Toronto company to pay down debt and finance exploration and develo…



Giant Yellowknife earnings slip

Consolidated earnings of $198,000 (2 cents per share) for the first half of the year were reported by Giant Yellowknife Mines (TSE), compared with $544,000 (6 cents per share) for the same six months …


EDITORIAL PAGE Desperate measures

It is sad to watch one of the country’s great mines, now fallen on hard times, become the battleground for a bitter labor dispute that threatens to prove tragic. The Dome gold mine in South Porcupine …


Gulf crisis brings volatility back to gold prices

The gold price is proving to be extremely volatile as investors react quickly to political manoeuvering in the Middle East. In recent days, gold soared to US$415.50 as the likelihood of armed conflict…



Equity Silver earnings steady

Earnings for the first half of 1990 for Equity Silver Mines (TSE) stood virtually unchanged over the previous year. The company reported earnings for common shareholders of $8.2 million for the six mo…


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