News

The emergency powers under which U.S. President Roosevelt, if he desires, can revalue the American dollar down to 50 from its present 59.1 mark, expire June 30. The Wall Street Journal editorially d…

Normet Canada Another Finnish mining equipment manufacturer has set up shop in Canada. The latest company to be welcomed to Sudbury, Ont. is Normet Industries Canada, whose Finn parent has manufacture…

Siscoe Gold Mines is embarking on a large and exhaustive campaign of diamond drilling on the 19th level at a depth of 2,475 ft, The Northern Miner learned on a recent visit to the property. The main s…

Located 75 miles north of La Ronge, Sask., the Rod gold deposit hosts proven and probable ore reserves of 626,928 tons grading 0.386 oz gold per ton in a quartz vein within a shear zone. The deposit, …

The state of Nevada is widely Tknown as a gaming mecca. It’s Talso a magnet for gamblers of another sort — gold explorationists. For example, since 1979, at least 30 heap leach gold mines have been p…

More money is being spent on rock mechanics research than ever before. The Mining Research Directorate in Ontario estimates there is $100 million being spent in Canada this year and about $20 million…

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US per lb.) Nov 149.00 149.00 148.80 + 11.90 Dec 143.50 131.30 142.80 + 12.90 Mar 123.50 114.30 122.8…

Canada’s thirty-fourth general election was a hard fought one, but the high energy level of the past seven weeks shouldn’t conceal the fact that the hard work of maintaining our prosperity and our way…

Echo Bay Mines (TSE) has agreed to sell its controlling 53.8% interest in Nuinsco Resources (TSE) for $6.7 million or 87 per share. The sale to Deak International Resources follows the completion of …

Anticipating sales of 305,000 oz in 1988, Battle Mountain Gold (TSE) is proving to be one of the more profitable gold producers in North America. Third quarter net income jumped 26% to $15.3 million a…

When a senior takes an interest in a junior, watch out] Toronto-based Corona Corp. has announced it has reached an option agreement with Messeguay Mines whereby it may earn up to a 70% interest in a p…

Brazilian gold prospectors or garimpeiros, (pronounced garim- pay-roos) are responsible for about 80% of that country’s gold output, a recent report says. The independent pick and shovel diggers, know…