News

The Vancouver market has turned much more positive with trading volume and prices reflecting activity at several key gold plays, particularly the Skyline/Iskut River area northwest of Stewart, B.C. It…

Net income of $1.9 million (23 cents per share) on revenue of $10.3 million was repomted by TSE-listed Sigma Mines (Quebec) for the first quarter this year, compared with net income of $1.67 million (…

Annual output of 50,000 oz gold and 150,000 oz silver is expected from its wholly-owned Santa Fe mine in Nevada which is to go into production in October, Lacana Mining reports. The company, part of t…

Six out of 15 diamond drill holes completed by Noranda Exploration on its Grew Creek property near Faro, Yukon, show significant gold values. Golden Nevada Resources and Brenda Mines are also involved…

A target of doubling earnings in the next five years has been set by Hemlo Gold Mines (TSE), President John Harvey told shareholders at the company’s first annual meeting since it started trading publ…

By taking on a local partner, Imperial Metals Corp., (TSE) has put its Parys Mountain project on a fast track to production. Located on the Isle of Anglesey in northern Wales, the polymetallic mineral…

The initial bulk sample results from NovaGold’s Fifteen Mile Stream property had a 93.5% recovery rate, not 0.07% as reported in the company’s release of May 18, the company reports. The grade of the …

In times of prosperity, Inco Ltd. (TSE) has shown that it is prepared to share the spoils with its employees. That became obvious recently when about 6,300 hourly paid Inco workers voted to accept a n…

The current uncertainty in the U.S. uranium market could be cleared up soon. Unconfirmed rumors are that the U.S. government is prepared to put up about $1 billion for uranium tailings reclamation wor…

Can nations conduct war without gold? Is gold an essential metal when conflicts rage? There are those who have observed Japan and Italy waging war with little gold. They have seen Germany arm and thre…

Thanks to a new grinding concept in the form of rubber magnetic mill linings, considerable savings in energy and grinding media consumption can now be achieved. “In some cases, it (the magnetic liner)…

Open-cut methods may be applied for mining the entire granite mass lying between the east and west gabbro contacts at the Athona property in the Goldfields section of the Lake Athabaska area in northe…