News

The Canadian Steel Service Centre Institute reports a positive mood among its members. Results of a recent survey indicate 35% of the membership is bullish on further increases in business activity, w…

A first-quarter net income of $120,000 (1 cents per share) has been recorded by Queenston Gold Mines, compared with a loss of $94,000 (1 cents per share) for the same period in 1986. The company show…

June 2 June 1 May 29 May 28 May 27 ** Gold London Bullion Dealers afternoon (morning) $US per oz. 455.00(449.30) 442.90(443.40) 451.00(451.75) 453.10(453.35) 449.50(447.90) Gold Bank of Nova Scotia,…

With gold prices remaining flat, trading activity on Vancouver has dropped significantly along with share values. But this could change quickly if the yellow metal stages a rally which is possible whe…

Drilling is to begin mid-June at the Frond Lake gold prospect, located 60 mi east of Pickle Lake and 250 mi north of Thunder Bay in northern Ontario, Ayrex Resources Chairman David Walsh reports. Ayre…

ALUMINUM: MW U.S. Market 70.00 cents -72.50 cents per lb. (May 28, 1987). ANTIMONY: New York dealer $1.18-$1.23 per lb. (May 14, 1987). BISMUTH: New York dealer $3.30-$3.40 per lb. (May 28, 1987). CAD…

Regina-based Vista Mines has released more assay results from Phase I of the diamond drill program conducted on its Bootleg Lake gold property earlier this spring. Phase I consisted of over 12,500 ft …

The longevity of any mining venture is of prime importance to miners and investors alike. Miners want a secure job in a stable community where they can raise their families and investors want to own s…

The first hole on the DeSantis property in Turnbull Twp., near Timmins should be drilled in two weeks, according to Robert Onotsky, president of property owners Delbridge Mines. The company has decide…

Hambro Resources has changed its name to Richwell Resources (rwl:vse) on a one-new-for-three- old share basis.

Sumac Ventures — Edward D. Ford appointed to the board of directors.

It was a banner first quarter in 1987 for the Dome Mines group of gold-producing companies. On a consolidated basis, Dome reports net income for the period of $17,126,000, or 19 cents a share, compar…