News

Under constant pressure from Japanese consumers to lower prices and volumes, coal producers like Westar Mining have been forced to control costs to remain competitive. That fact has been reflected in …

Shareholders of Vancouver-listed Consolidated Reactor Uranium Mines have approved the take-over of their inactive, indebted company by Mineral Commodities Limited Group (mclg), formerly Woodsreef Mine…

For the first time ever, Vancouver’s market index breached the 2,000 mark although it’s dropped back slightly and is now hovering around 1990. Trading volume has slipped somewhat but it’s still heavy …

A loss of $961,000 or 30 cents a share is reported by United Keno Hill Mines for the 1987 first quarter. It compares with a loss of $697,000 or 24 cents a share in the similar period last year. The c…

Vancouver-listed Core Energy Corp. intends to drop its option on the 15,460-acre Conjuring River property, in the La Ronge area of northern Saskatchewan. The decision follows a 3-hole drilling program…

Sales of Australia’s new Nugget series of gold coins has already exceeded expectation. It was anticipated 130,000 oz would be sold by June 30 of this year, but sales to date have surpassed 155,000 oz….

The preliminary prospectus of Cheni Gold Mines outlines in considerable detail its plans for the Lawyers property north of Smithers, B.C. (N.M., April 13/87). A report by Wright Engineers recommends t…

The first gold bar has been poured at Mascot Gold Mines’s Nickel Plate mine near Hedley, B.C. The Nickel Plate project was originally forecast to start in July of this year at a cost of $68.7 million….

Job vacancies for engineers, accountants, scientists and other professionals increased 8% during the last three months, but decreased 11% during the last year, according to a Technical Service Council…

A drill program completed by Black Gregor Explorations in the Hemlo area has yielded several gold values, the option partner Carlson Mines says. Gold was assayed in five of the eight holes completed. …

Noranda Inc. should make something better than $1 a share in the balance of this year, Chairman Alfred Powis said following the company’s annual meeting. He told shareholders at the meeting that in th…

Affected by steep falls in sales prices for tungsten in world markets, Canada Tungsten Mining reported a net loss of $17.2 million ($1.45 per share) in 1986, compared with a net loss in 1985 of $28.9 …