News

With record exploration expenditures in 1986, Muscocho Explorations has reported a loss for the year, after non-cash items consisting of depreciation, amortization and preferred share dividends, of $4…

A bout of sloppy trading was evident on the exchange this week as gold prices steadied at $458(US) per oz after repeated stabs through the $460 level. The directionless trading and minor profit takin…

Progress being made at the Lac Des Iles’ project of Madeleine Mines in northwestern Ontario makes it almost a certainty that this country will soon have its first straight platinum-paladium producer -…

Mono Gold Mines says that drill indicated and inferred reserves at its Bannockburn project 167 miles northeast of Toronto now stand at 372,154 tons grading 0.395 oz. The reserves are calculated over a…

Conwest Exploration recently entered into a “bought deal” underwriting agreement with McLeod Young Weir, Merrill Lynch Canada and Dominion Securities. Under the agreement, the underwriters will purcha…

Toronto-listed American Barrick Resources Corp. has completed its planned disposition of all its non- gold assets. It has sold its two coal supply agreements and certain mining equipment, representing…

The gold discovery that started it all in the Timmins-Porcupine camp in 1908 — the old Hunter Gold mine — could come to life again. Eric Davis, chief executive officer of coats-listed Wabigoon Resou…

Improving gold prices and lower unit production costs are the prime reasons for the 50% increase in profit posted by U.S.-based Battle Mountain Gold in its first quarter. A profit of $8.8 million or 2…

Spot closing prices in Pound Sterling per tonne Date May 12 May 11 May 8 May 7 May 6 Copper 909-910 918-920 860-908 892-893 876-877 Lead 409-413 419-421 …

One small heap leach pad is fully operational and a second but larger pad (20,000-25,000 tons) is being constructed at Amca Resources’ Silver Cross property near Phoenix, Ar. Some copper-bearing ore h…

Encouraging results have been reported by Crown Resource of Denver with joint-venture partner Echo Bay Mines on Crown’s Granny and Key gold and silver properties at Kettle River, Wash. High grade gold…

Continuing its “winning” ways, Dickenson Mines of Toronto recorded a net income during the first quarter of this year of $1.2 million (9 cents per share), compared with $431,000 (4 cents per share) …