News

A modest rebound was recorded today on the Toronto Stock Exchange, following a week long slide which clipped another 90 pts off the composite index during our review week. At the close, the tse compos…

Approximately $2.3 million has been spent this year by Nexus Resource Corp. on St. Joe Canada’s Silver Pond property in the Toodoggone area of B.C. Results are now available from a 99- hole program in…

Net earnings (unaudited) of $33.6 million (70 cents per share) on revenues of $203 million were recorded by Teck Corp. for the 1987 fiscal year ending Sept 30. Teck’s fourth-quarter earnings during th…

It’s two weeks now since Argus Resources revealed its massive sulphide discovery near Contwoyto Lake in the Northwest Territories, but the Argus issue is still attracting considerable investor interes…

I would like some information with regard to some shares I own in Goldbeam Mines Ltd. I want to know if the shares are still in good standing, where the mine property is located, and anything you can …

It has been barely a month since the Ontario Court of Appeal decided in favor of turning over ownership of Canada’s biggest gold mine from Lac Minerals to International Corona. But, already, another f…

Miners are working on three levels and there are three drills operating, with a fourth expected shortly, at the Lamaque joint venture project at Val d’Or, Que., Tundra Gold Mines reports. Tundra is ea…

In reference to your article on the Nexus Group (N.M., Oct 26/87), you have made a critical error. You refer to the “… Nexus/Angle Debbie property… ” and in the next paragraph state that Westmin…

Neither mining executives nor media personnel are entirely happy with their relationship. Mining men feel that much of the coverage of their industry is unfair or inaccurate or both. They believe the …

Canhorn Mining of Toronto has entered into a private placement agreement with Great Horn Inc. of New York whereby the latter may purchase 200,000 units of Canhorn for a total consideration of $500,000…

Construction of the 87-km road from Cominco’s Red Dog mine site in Alaska to the mine’s port site on the Chukchi Sea has started. The road is expected to be open in February. Once open, equipment can …

The Soviet Institute of Metallurgy says it has a substitute alloy that could replace gold in its jewelry and industrial applications, Metal Bulletin reports. Named inpal and made from a combination of…