News

Since 1982, I have accumulated more than 30,000 shares of Cusac Industries. At a time when Cusac wasn’t making any money, I paid from $1.25 to over $3.50 for the shares. Now that the company is maki…

Now that summer has come to northwestern British Columbia bringing with it long days and a snow-free countryside, Newhawk Gold Mines (TSE) has made surface work part of its Phase II program now under …

Things are mighty slow in Vancouver and the short-term prognosis suggests more of the same. Interest rate fears, lower gold prices, and month-end selling are all contributing to the depressed market c…

Amer Barrick — R. M. Smith sold 28,000 to hold 48,860. Armsher — E. Sheriff sold 120,833 to hold 500,000. Audrey — Northgate Expl bought 1,809,155 (private) to hold 1,950,000. Augdome — A. Kohn so…

Already under way with an underground exploration program at its former-producing Surlaga gold property near Wawa, Ont., Citadel Gold Mines (TSE) reports additional results of surface exploration on t…

Federal Finance Minister Michael Wilson has ruled that parties in a flow-through share agreement have up to 60 days after entering the agreement to set the price of the shares. This marks a change fro…

Falconbridge Ltd. (TSE) says the adjusted subscription price for its common share purchase warrants, which expire July 27, 1989, will be $24.69, assuming the previously- announced $4.75 per share divi…

After having achieved gold production within three years of a public listing — a rare enough accomplishment for a junior mining company — Black Swan Gold Mines (VSE) now expects to pay back its shar…

Kinova Minerals was trading actively this week on news that the company plans to take over Ontario Energy Marketing and Manufacturing. The latter is a private company which has the marketing rights to…

Second-quarter earnings by Lac Minerals (TSE) were 23% higher than for the same period in 1987, and more than twice those recorded during the first quarter of this year. The Toronto-based gold produce…

London Metal Exchange Spot closing prices in Pound Sterling per tonne Date July 26 July 25 July 22 July 21 July 20 Lead 345-347 356-358 354-356 360-361 3…

Junior mining companies don’t often take in a $1- million immediate cash payment from a major mining company as part of an option agreement — particularly for gold properties located in the Northwest…