Golden Shield mills Mirado ore
Custom milling of ore from the Mirado property held by Golden Shield Resources has begun on Jan 20, the company says. Milling is taking place at the McBean mill, near Kirkland Lake, Ont. Approximately…
News
Investment Comment Denison’s speculative charm attracts Gardiner
Investors attracted to stocks with speculative appeal might want to consider Toronto-listed Denison Mines. The company has just come out of perhaps one of its toughest years yet with a profit of $44.6…
Query Longreach, Placer combine on platinum bet
I sent a $25 money order with my last letter asking for or hoping for some facts or truth about Longreach Resources. I haven’t heard or seen any story in The Miner about it. The story has to be soon. …
Vancouver Stock Exchange VSE index nears all-time high
The Vancouver market hasn’t been quite as volatile as New York and Toronto but it’s been climbing steadily and is now within 18 points of its all-time high. Lower interest rates, stable gold prices, a…
Toronto Stock Exchange Hair curling pace of trading gives way to
After the hair-curling pace of trading in the first six weeks of the year when prices and volume were pushed to record highs, the market took a breather this week as investors paused for some profit t…
McAdam plans $7 million on two projects
Total expenditures this year on its two major properties, the former McWatters gold mine near Rouyn, Que., and the Spud Valley gold property on Vancouver Island, B.C. will amount to approximately $7 m…
Aur earnings improve
Aur Resources reports net earnings of $717,860 or 9 cents a share, for its fiscal year ended Sept 30, after provision for $700,000 in income taxes. This compares with a net loss of $159,450 in fiscal …
Eldor drilling buildswe tons at the Cheminis deposit
A major 50,000-ft diamond drilling program is adding tonnage to known reserves on the Larder Lake, Ont., property held by partners Eldor Resources, Kerr Addison Mines, Northfield Minerals and Northern…
La Teko plans heap leaching on its Alaska gold property
Heap leach technology is now being applied to gold deposits in Alaska where climatic conditions are not that much different from many parts of Canada. Last year, La Teko Resources completed a test pro…
Drilling under way on Diana, CFC bet
Drilling has begun on the Queylus Twp., Que., gold property held under option by Diana Resources. Project operator Corporation Falconbridge Copper plans to spend $427,255 on the property following up …
Baroque arranges private placements
Private placements for $700,000 have been arranged by Vancouver- listed Baroque Resources. Of that amount, $350,000 is with CMP 1987 Resource Partnership and Company, Ltd. and $350,000 is with CMP 198…
U.S. die casters reduce use of zinc for second year
Consumption of domestically produced zinc die castings declined 6.9% by weight in 1985, mirroring the downturn in other material consumption areas during that year, says the New York-based Zinc Instit…