News

It wasn’t the most active stock on the market this week — 58,600 shares changed hands — but Noble Peak Resources was certainly one of the best performers. The exploration company continued a two-wee…

Jobs at all levels of mining are being slashed in the headlong rush to improve productivity and cut costs. As a result, corporate loyalty is dying. Although money has been saved in the short term, the…

Batten down the hatches. The last five trading days on the tse have been anything but smooth, as the gold and silver index continued to lose ground. At today’s close, the index gave up another 1.3% as…

Nuinsco Resources and partner Seadrift International have received some promising results from drilling at the Aldermac joint venture project in Beauchastel Twp. west of Rouyn/Noranda, Que. Under Nu…

The market correction in Vancouver has pummelled speculative gold stocks and some of the more “blue chip,” issues as well. Yesterday the VSE index tumbled 44.3 points and today it was down another 8.5…

A working option joint venture has been signed by Pomac Mines and Acadia Mineral Ventures dealing with Pomac’s property in northwestern Ontario. Acadia has been granted a 3- year option to earn a 51% …

The National Research Council has opened a Biotechnology Research Institute in Montreal. The centre, equipped with pilot plant facilities, will be used to carry out research and development work in bi…

Goulds Pumps Canada (Mississauga, Ont.) has published two new technical brochures that give specifications on its entire line of pumps. Featured is the company’s new line of double suction pumps which…

Ore Sorters of Lakewood, Colo., and Orevco Inc. of Peterborough, Ont., have commissioned a mobile, computerized ore-sorter that can be used to pre-concentrate gold ores and dump material. The new unit…

A block of 32 claims in the Kenora, Ont., gold belt has been acquired by Colby Resources, the company says. The block is located between two claim blocks under development by the Echo Bay/Nuinsco join…

Courageous Lake map run in May 18 issue of The Northern Miner incorrectly identified Getty Resources Ltd.’s trading symbol as GBY. Getty Resources trades on the Toronto Stock Exchange and their tradin…

The market has lost some of its earlier strength and appears to be consolidating for its next upward move. Trading volume has dropped sharply and not surprisingly many stocks have succumbed to profit-…